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flag Oman reports a 2024 trade surplus increase, driven by oil exports despite non-oil exports decline.

flag Oman saw a trade surplus of RO 6.562 billion by October 2024, up 8.7% from the previous year. flag Oil and gas exports surged by 21.1%, while non-oil exports dropped by 16.2%. flag Imports increased by 11.4%, with the UAE and Saudi Arabia as key export partners and China and Kuwait as main import sources. flag The rise in refined oil exports contributed significantly to the surplus, despite a decline in LNG exports.

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