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22 MARCH 2021 AL CIRCLE

Oman’s export of Aluminium wire during 2018-20 stands unbalanced

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

Oman’s non-oil GDP will grow by 1.5% in 2021, as projected by the International Monetary Fund and could boost to 4% by 2026 if fiscal measures are successfully carried out. The sultanate introduced a Medium-Term Fiscal Adjustment Plan that focuses to enhance the non-oil revenue and various other public sector reforms to fuel economic growth, the lender said at the end of its online mission to the Gulf country during 17th-31st January.

Oman’s export of Aluminium wire

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The oldest independent state of the Arab world has recorded export of 85,880 tonnes of aluminium wires during 2018-19. The export for 2020 stood at 31,969 tonnes and when the export volume of 2020 gets assorted with the existing two years, it denotes 117,849 tonnes.

Oman’s export of Aluminium wire

Oman’s export of aluminium wire in 2018 remained at 34,366 tonnes, whereas, in 2019, the export saw growth by 49.89%, as the export volume rose to 51,514 tonnes and the earnings accounted for the export stood at $99.82 million.

The export for 2020 reflected a downfall by 37.94%, as the export volume dropped to 31,969 tonnes and the earnings also fell to $58.70 million.

AlCircle Expo 2021

The major trading nations for Oman’s export of aluminium wire are Algeria, Australia, Uruguay, Bangladesh, Canada, Colombia, Egypt, Estonia, Finland, Jordan, Kenya, Lebanon, Morocco, etc.

 


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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