Riyadh - Oman's insured non-oil exports reached 61.2 million Omani rials ($159 million) in the first quarter of 2025, marking a 6 percent increase from the same period last year, according to Credit Oman.

The sultanate's export credit agency provides trade insurance and guarantees to support domestic and international exchange, citing growth in construction materials, petrochemicals, mining, and agriculture as key drivers.

Non-oil exports grew 8.6 percent year on year to 1.61 billion rials, now making up 28.6 percent of total exports.

The volume of insured export sales in the building and construction materials sector witnessed a growth of 24 percent, with a total value of 27.16 million rials.

Exports in the petrochemicals and plastics sector climbed 45 percent to 9.2 million riyals.

The mining sector experienced the largest percentage growth, jumping 150 percent to 570,000 rials.

Agricultural exports surged 96 percent to nearly 5 million rials.

Despite setbacks in some sectors including packaging, fisheries, and apparel, Credit Oman is making significant efforts to support Omani manufacturers and exporters by offering a range of insurance services.

The agency projected strong growth potential for the country's non-oil exports in 2025, with an estimated untapped export capacity of 5 billion rials.