Oman Balance of Trade

Oman recorded a trade surplus of 351 OMR Million in December of 2024. Balance of Trade in Oman averaged 505.76 OMR Million from 1982 until 2024, reaching an all time high of 2379.00 OMR Million in June of 2000 and a record low of -117.60 OMR Million in June of 1998. source: National Center for Statistics & Information - Oman

Related	Last	Previous	Unit	Reference
Balance of Trade	351.00	560.00	OMR Million	Dec 2024
Capital Flows	1225.00	1202.00	OMR Million	Dec 2023
Crude Oil Production	985.00	992.00	BBL/D/1K	Nov 2024
Current Account	1014.00	1677.00	OMR Million	Dec 2023
Current Account to GDP	5.00	5.00	percent of GDP	Dec 2023
Exports	1977.00	1935.00	OMR Million	Dec 2024
Exports by Category
Exports by Country
Foreign Direct Investment	4802.00	2677.00	OMR Million	Dec 2023
Gold Reserves	0.00	0.00	Tonnes	Sep 2024
Imports	1626.00	1346.00	OMR Million	Dec 2024
Imports by Category
Imports by Country
Terrorism Index	0.00	0.00	Points	Dec 2023
Tourist Arrivals	396.40	310.46	Thousand	Dec 2024

Oman has been recording large trade surpluses on a consistent basis due to oil and gas production. Shipments of oil and gas account for 70 percent of total exports. Main imports are: transport equipment; electrical machinery and mechanical appliances and mineral products. Main trading partners are: United Arab Emirates (11 percent of total exports and 27 percent of imports) and Japan (10.5 percent of exports and 13 percent of imports). Others include: China, India and United States.