Oman

Compare Oman →

OM · OMN · BACI 512 · latest data 2024

Exports

$69.7B USD, nominal · 2024

= $69,653 M50.9% over 5 yrs (up)

Imports

$24.6B USD, nominal · 2024

= $24,615 M7.4% over 5 yrs (down)

Trade balancesurplus

$45.0B USD, nominal · 2024

= $45,038 M

Total trade

$94.3B USD, nominal · 2024

= $94,268 M29.6% over 5 yrs (up)

World position: #48 of 225 exporters · top 25% · #73 of 225 importers · top half · 2024
World export share since 1995: +0.2 pp

Trade timeline

Oman's exports grew from $6.1B in 1995 to $69.7B in 2024; the 2024 balance was $45.0B.

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Exports, imports, trade balance and total trade of Oman per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$6,117 M	$5,903 M	$214 M	$12,020 M
1996	$7,560 M	$5,902 M	$1,658 M	$13,461 M
1997	$8,142 M	$6,310 M	$1,833 M	$14,452 M
1998	$6,005 M	$7,184 M	−$1,179 M	$13,189 M
1999	$6,775 M	$5,960 M	$815 M	$12,735 M
2000	$10,498 M	$4,641 M	$5,856 M	$15,139 M
2001	$11,196 M	$6,531 M	$4,665 M	$17,727 M
2002	$10,842 M	$8,175 M	$2,667 M	$19,018 M
2003	$10,867 M	$8,230 M	$2,637 M	$19,098 M
2004	$13,005 M	$9,089 M	$3,916 M	$22,094 M
2005	$17,272 M	$9,555 M	$7,717 M	$26,826 M
2006	$22,916 M	$12,157 M	$10,759 M	$35,073 M
2007	$23,100 M	$17,289 M	$5,810 M	$40,389 M
2008	$34,231 M	$25,063 M	$9,168 M	$59,293 M
2009	$25,421 M	$18,990 M	$6,430 M	$44,411 M
2010	$33,103 M	$21,621 M	$11,482 M	$54,724 M
2011	$45,331 M	$25,043 M	$20,289 M	$70,374 M
2012	$51,412 M	$28,897 M	$22,515 M	$80,309 M
2013	$55,902 M	$36,172 M	$19,730 M	$92,074 M
2014	$51,871 M	$31,398 M	$20,473 M	$83,269 M
2015	$37,294 M	$32,364 M	$4,930 M	$69,658 M
2016	$31,062 M	$26,715 M	$4,347 M	$57,776 M
2017	$34,321 M	$31,727 M	$2,594 M	$66,047 M
2018	$47,247 M	$30,289 M	$16,958 M	$77,535 M
2019	$46,164 M	$26,570 M	$19,594 M	$72,733 M
2020	$40,831 M	$29,960 M	$10,871 M	$70,790 M
2021	$64,793 M	$33,414 M	$31,379 M	$98,207 M
2022	$90,994 M	$40,354 M	$50,640 M	$131,348 M
2023	$70,514 M	$40,355 M	$30,158 M	$110,869 M
2024	$69,653 M	$24,615 M	$45,038 M	$94,268 M

30 rows

World share & rank

World export share moved from 0.1% in 1995 to 0.3% in 2024; export rank #57 → #48.

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World export and import share in percent, and world ranks, of Oman per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.12%	0.12%	#57	#60
1996	0.14%	0.11%	#56	#62
1997	0.15%	0.11%	#55	#62
1998	0.11%	0.13%	#62	#63
1999	0.12%	0.10%	#61	#66
2000	0.16%	0.07%	#58	#80
2001	0.18%	0.10%	#57	#71
2002	0.16%	0.12%	#58	#66
2003	0.14%	0.11%	#61	#70
2004	0.14%	0.10%	#65	#73
2005	0.16%	0.09%	#61	#80
2006	0.19%	0.10%	#59	#77
2007	0.17%	0.12%	#63	#72
2008	0.21%	0.16%	#58	#67
2009	0.20%	0.15%	#60	#69
2010	0.22%	0.14%	#59	#68
2011	0.25%	0.14%	#57	#68
2012	0.28%	0.16%	#58	#64
2013	0.31%	0.20%	#56	#62
2014	0.28%	0.17%	#56	#66
2015	0.23%	0.20%	#57	#61
2016	0.20%	0.17%	#57	#66
2017	0.20%	0.18%	#58	#66
2018	0.25%	0.16%	#53	#66
2019	0.25%	0.14%	#53	#70
2020	0.24%	0.17%	#53	#63
2021	0.30%	0.16%	#49	#67
2022	0.38%	0.17%	#46	#64
2023	0.31%	0.18%	#47	#62
2024	0.31%	0.11%	#48	#73

30 rows

Trading partners

China was Oman's top trading partner in 2024, at 38.9% of total trade; the top five partners covered 63.9%.

Year

Top partner share: 38.9%
Top-5 share: 63.9%
Partners: 117
Partner HHI (0–1): 0.174

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China $30.9B

South Korea $5.7B

India $4.5B

Saudi Arabia $3.6B

South Africa $3.0B

Japan $2.5B

Other Asia, nes $2.3B

Indonesia $1.3B

United States $1.3B

Pakistan $1.2B

Thailand $1.0B

Türkiye $899M

Brazil $880M

Singapore $782M

Germany $124M

View partner table

Top partners of Oman in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$30,949 M	$5,747 M	$36,696 M	$25,202 M
#2	India	$4,517 M	$3,956 M	$8,473 M	$561 M
#3	South Korea	$5,659 M	$625 M	$6,285 M	$5,034 M
#4	Saudi Arabia	$3,600 M	$1,320 M	$4,920 M	$2,279 M
#5	Japan	$2,545 M	$1,333 M	$3,878 M	$1,212 M
#6	South Africa	$2,968 M	$63 M	$3,031 M	$2,905 M
#7	United States	$1,286 M	$1,668 M	$2,955 M	−$382 M
#8	Other Asia, nes	$2,321 M	$296 M	$2,617 M	$2,026 M
#9	Brazil	$880 M	$1,205 M	$2,084 M	−$325 M
#10	Indonesia	$1,317 M	$420 M	$1,737 M	$897 M
#11	Pakistan	$1,204 M	$224 M	$1,428 M	$979 M
#12	Thailand	$1,002 M	$420 M	$1,422 M	$582 M
#13	Türkiye	$899 M	$394 M	$1,293 M	$504 M
#14	Singapore	$782 M	$426 M	$1,208 M	$356 M
#15	Germany	$124 M	$897 M	$1,021 M	−$773 M

15 rows

Products & sectors

Product composition of Oman's trade in 2024.

Year

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Concentration & risk

Oman's export partners concentrated over 1995–2024 — HHI 0.130 → 0.218, a moderately concentrated export base across 116 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Oman per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.130	0.098	106	99
1996	0.139	0.099	117	99
1997	0.126	0.100	123	109
1998	0.106	0.100	123	120
1999	0.109	0.102	127	123
2000	0.147	0.122	141	119
2001	0.115	0.100	141	144
2002	0.102	0.110	136	130
2003	0.157	0.095	125	129
2004	0.162	0.130	141	114
2005	0.149	0.101	144	105
2006	0.149	0.099	146	118
2007	0.141	0.098	147	126
2008	0.161	0.097	154	120
2009	0.107	0.088	152	124
2010	0.130	0.106	160	128
2011	0.146	0.098	163	130
2012	0.152	0.092	163	128
2013	0.173	0.109	164	129
2014	0.235	0.113	160	134
2015	0.204	0.069	170	145
2016	0.181	0.075	165	156
2017	0.178	0.138	167	151
2018	0.184	0.171	173	146
2019	0.203	0.158	168	148
2020	0.174	0.142	174	151
2021	0.212	0.136	177	167
2022	0.181	0.111	175	165
2023	0.200	0.100	171	171
2024	0.218	0.099	116	107

30 rows

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