Oman

ECON COMPLEXITY (2018)

-0.046

RANK 68 OF 137

PRODUCT EXPORTS (2018)

$41.1B

RANK 56 OF 222

EXPORTS PER CAPITA (2018)

$8.51K

RANK 65 OF 219

PRODUCT IMPORTS (2018)

$33.5B

RANK 66 OF 221

IMPORTS PER CAPITA (2018)

$6.93K

RANK 68 of 219

SERVICE EXPORTS (2018)

$4.46B

RANK 45 OF 88

SERVICE IMPORTS (2018)

$11.7B

RANK 30 OF 88

GDP (2018)

$79.3B

CURRENT US$
RANK 68 OF 196

GDP GROWTH (2008-2018)

30.2%

CURRENT US$
RANK 111 OF 196

GDP PC (2018)

$16,415

CURRENT US$
RANK 57 OF 196

GDP PC GROWTH (2008-2018)

-25.9%

Overview: This page contains the latest international trade data for Oman, including service trade data, and tariffs. In 2018 Oman was the number 68 economy in the world in terms of GDP (current US$), the number 56 in total exports, the number 66 in total imports, and the number 68 most complex economy according to the Economic Complexity Index (ECI). In 2018, Oman exported $41.1B and imported $33.5B, resulting in a positive trade balance of $7.66B. In 2018, Oman’s exports per capita were $8.51k and its imports per capita were $6.93k.

Trade: The top exports of Oman are Crude Petroleum ($20B), Petroleum Gas ($3.29B), Refined Petroleum ($2.8B), Iron Ore ($841M), and Cyclic Hydrocarbons ($832M). The top imports of Oman are Cars($2.19B), Refined Petroleum ($1.92B), Iron Ore ($818M), Broadcasting Equipment ($691M), and Planes, Helicopters, and/or Spacecraft ($624M).

Destinations: Oman exports mostly to China ($16.7B), India ($3.31B), United Arab Emirates ($2.84B), South Korea ($2.49B), and Saudi Arabia($2.14B), and imports mostly from United Arab Emirates ($11.7B), China ($2.42B), India ($1.88B), Japan ($1.54B), and United States($1.38B).

Location: Oman borders Saudi Arabia, United Arab Emirates, and Yemen by land and Iran and Pakistan by sea.

Exports

In 2018 Oman exported a total of $41.1B, making it the number 56 exporter in the world. During the last five reported years the exports of Oman have changed by -$7.86B from $49B in 2013 to $41.1B in 2018.

The most recent exports are led by Crude Petroleum ($20B), Petroleum Gas ($3.29B), Refined Petroleum ($2.8B), Iron Ore ($841M), and Cyclic Hydrocarbons ($832M).

Imports

In 2018 Oman imported $33.5B, making it the number 66 trade destination in the world. During the last five reported years the imports of Oman changed by -$2.01B from $35.5B in 2013 to $33.5B in 2018.

The most recent imports of Oman are led by Cars ($2.19B), Refined Petroleum ($1.92B), Iron Ore ($818M), Broadcasting Equipment ($691M), and Planes, Helicopters, and/or Spacecraft ($624M).

Trade Balance

As of 2018 Oman had a positive trade balance of $1.34B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $885M in net exports.

Destinations

The most common destination for the exports of Oman are China ($16.7B), India ($3.31B), United Arab Emirates ($2.84B), South Korea ($2.49B), and Saudi Arabia ($2.14B).

Origins

The most common import partners for Oman are United Arab Emirates ($11.7B), China ($2.42B), India ($1.88B), Japan ($1.54B), and United States ($1.38B).