Oman’s Export Landscape, Navigating Shifting Markets and Emerging Trends
Oman’s export sector is undergoing a significant transformation, with recent data shedding light on its shifting trends and challenges. Non-oil exports have experienced a notable decline of nearly 12% in the first five months of 2023, attributed largely to reduced shipments to the United States. On the other hand, re-exports have surged by 28.7%, fueled by growing economic activity and demand in the Gulf region. As Oman navigates these changes, focusing on diversification, regional relationships, and sectoral adaptability remains crucial to ensuring a resilient export economy.
Record number of Chinese to travel over Labour Day break, but stick close to home
A record-breaking wave of Chinese tourists will hit the road for the Labour Day break, and with borders still shut many will be travelling domestically, to more remote locations and for longer, giving China’s economy a powerful short-term boost. The holiday will be China’s first long break in largely COVID-free conditions, and will unleash months […]
