Mubasher: The Omani trade sector saw a 7% rise in its share in the gross domestic product (GDP) by the end of 2014, Oman’s Ministry of Commerce and Industry said Tuesday.
The ministry added in a statement that the local domestic trade, wholesale and retail trade, saw a good growth in all activities that fall under it.
The contribution of wholesale and retail trade in the GDP surged by 2.1%, and the added value reached about OMR 619.1 million by the end of March 2015, compared to around OMR 606.3 million in the same period last year.
The services activities also rose by 6.6% with an added value of about OMR 3.23 billion by the end of March 2015, compared with OMR 3.037 billion in the same period year ago.
Meanwhile, foreign trade value came to OMR 10.14 billion by the end of May of this year, compared to OMR 13.045 billion in the same time last year.
Total imports, from 102 countries included 20 Arabs, came to about OMR 4.25 billion by the end of May 2015, against OMR 4.62 billion last year.
Meanwhile, total exports reached about OMR 5.61 billion when compared with OMR 4.42 billion.
