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Oman trade in 2024

In 2024, Oman exported $69.7 billion and imported $24.6 billion, a trade surplus of $45 billion. It was the world's 49th-largest exporter, with 0.31% of world exports. Its top export was crude petroleum (41.6% of the total) and its main trading partner was China (38.9% of its trade).

Summary

Exports
$69.7billion
Imports
$24.6billion
Trade balance
+$45billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Crude petroleum (41.6%) and refined petroleum (18.5%) together make up 60% of its exports.

  1. Crude petroleum$28.9 billion · 41.6%
    Main partner: China
  2. Refined petroleum$12.9 billion · 18.5%
    Main partner: South Africa
  3. Natural gas and LPG$9.6 billion · 13.7%
    Main partner: South Korea
  4. Nitrogen fertilizers$2.7 billion · 3.9%
    Main partner: India
  5. Semi-finished steel$1.9 billion · 2.8%
    Main partner: Indonesia
  6. Iron ore$1.8 billion · 2.6%
    Main partner: China
  7. Alcohols$1.8 billion · 2.5%
    Main partner: China
  8. Direct-reduced iron$791 million · 1.1%
    Main partner: Saudi Arabia
  9. Unwrought aluminum$723 million · 1%
    Main partner: Italy
  10. Cyclic hydrocarbons$700 million · 1%
    Main partner: India

What it imports

Refined petroleum (9.5%) and cars (8.7%) together make up 18.2% of its imports.

  1. Refined petroleum$2.3 billion · 9.5%
    Main partner: India
  2. Cars$2.1 billion · 8.7%
    Main partner: Japan
  3. Iron ore$1 billion · 4.2%
    Main partner: Brazil
  4. Aluminum oxide and hydroxide$672 million · 2.7%
    Main partner: Australia
  5. Seamless steel pipes$576 million · 2.3%
    Main partner: China
  6. Turbojets and gas turbines$475 million · 1.9%
    Main partner: France
  7. Gold$433 million · 1.8%
    Main partner: Hong Kong
  8. Polycarboxylic acids$409 million · 1.7%
    Main partner: China
  9. Valves and taps$384 million · 1.6%
    Main partner: China
  10. Trucks$365 million · 1.5%
    Main partner: Japan
By Harmonized System chapter (96)
ChapterExportsImports
27 · Oil, gas and coal$51.9 billion$2.8 billion
72 · Iron and steel$3 billion$643 million
31 · Fertilizers$2.8 billion$22 million
29 · Organic chemicals$2.6 billion$816 million
26 · Ores and slag$2 billion$1.1 billion
39 · Plastics$1.7 billion$686 million
76 · Aluminum$1.1 billion$161 million
25 · Salt, stone and cement$635 million$41 million
28 · Inorganic chemicals$589 million$727 million
03 · Fish and seafood$355 million$26 million
73 · Iron and steel products$350 million$1.2 billion
85 · Electrical and electronic equipment$318 million$1.8 billion
71 · Gems and precious metals$304 million$633 million
84 · Mechanical machinery$280 million$3.5 billion
88 · Aircraft and spacecraft$204 million$305 million
15 · Fats and oils$184 million$284 million
04 · Dairy, eggs and honey$110 million$581 million
68 · Stone, plaster and cement articles$107 million$68 million
23 · Animal feed and food waste$100 million$103 million
19 · Baked goods and cereal products$99 million$233 million
21 · Food preparations$97 million$129 million
30 · Pharmaceuticals$76 million$422 million
91 · Watches and clocks$67 million$111 million
87 · Vehicles$59 million$2.9 billion
07 · Vegetables$56 million$111 million
33 · Perfumes and cosmetics$54 million$275 million
08 · Fruit and nuts$44 million$189 million
02 · Meat and offal$35 million$375 million
78 · Lead$27 million$8 million
34 · Soap and cleaning products$26 million$119 million
70 · Glass$25 million$80 million
48 · Paper and paperboard$24 million$177 million
94 · Furniture and lighting$24 million$344 million
40 · Rubber$21 million$242 million
32 · Dyes, paints and tanning agents$18 million$84 million
01 · Live animals$15 million$13 million
83 · Miscellaneous metal goods$14 million$70 million
69 · Ceramics$12 million$175 million
20 · Preserved fruit and vegetables$12 million$164 million
11 · Milling products and malt$11 million$30 million
38 · Miscellaneous chemicals$10 million$240 million
63 · Home textiles and used clothing$9 million$55 million
90 · Precision and medical instruments$9 million$481 million
81 · Other base metals$9 million$3 million
16 · Prepared meat and fish$8 million$40 million
89 · Ships and boats$6 million$310 million
74 · Copper$6 million$41 million
22 · Beverages and spirits$5 million$144 million
55 · Synthetic staple fibers$4 million$25 million
61 · Knitted clothing$4 million$86 million
09 · Coffee, tea and spices$3 million$61 million
64 · Footwear$3 million$57 million
54 · Synthetic filaments$3 million$32 million
10 · Cereals$2 million$444 million
47 · Wood pulp$2 million$4 million
62 · Woven clothing$2 million$102 million
49 · Books and printed matter$1 million$14 million
13 · Gums and plant extracts$1 million$3 million
75 · Nickel$1 million$32 million
24 · Tobacco$1 million$10 million
79 · Zinc$967 thousand$20 million
82 · Tools and cutlery$803 thousand$62 million
41 · Hides and leather$790 thousand$2 million
93 · Weapons and ammunition$731 thousand$25 million
57 · Carpets and rugs$668 thousand$31 million
44 · Wood$439 thousand$141 million
86 · Railway equipment$431 thousand$8 million
17 · Sugar and sweets$322 thousand$70 million
18 · Cocoa and chocolate$272 thousand$43 million
52 · Cotton$242 thousand$8 million
96 · Other manufactured goods$242 thousand$34 million
42 · Leather goods and bags$228 thousand$36 million
35 · Glues, starches and enzymes$224 thousand$35 million
97 · Art and antiques$192 thousand$13 million
12 · Oilseeds and grains$165 thousand$32 million
05 · Other animal products$163 thousand$943 thousand
06 · Live plants and flowers$147 thousand$9 million
45 · Cork$63 thousand$255 thousand
36 · Explosives and matches$58 thousand$16 million
56 · Felt, nonwovens and rope$55 thousand$28 million
95 · Toys and sports gear$38 thousand$72 million
80 · Tin$35 thousand$2 million
67 · Feathers and artificial flowers$27 thousand$14 million
65 · Hats$27 thousand$6 million
37 · Photographic goods$27 thousand$3 million
46 · Wicker and basketware$26 thousand$458 thousand
58 · Special fabrics and lace$18 thousand$4 million
14 · Other plant products$13 thousand$432 thousand
59 · Coated and technical textiles$12 thousand$11 million
51 · Wool$6 thousand$517 thousand
60 · Knitted fabric$5 thousand$17 million
92 · Musical instruments$2 thousand$1 million
43 · Fur and fur goods$2 thousand$109 thousand
66 · Umbrellas and canes$1 thousand$1 million
53 · Other plant fibers$756$1 million
50 · Silk$358$382 thousand

Trading partners

China is its main destination (44.4% of exports) and source (23.4% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
China30.944.4%Sea
South Korea5.78.1%Sea
India4.56.5%Sea
Saudi Arabia3.65.2%Sea
South Africa34.3%Sea
Japan2.53.7%Sea
Taiwan2.33.3%Sea
Indonesia1.31.9%Sea
United States1.31.9%Sea
Pakistan1.21.7%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
China5.723.4%Sea
India416.1%Sea
United States1.76.8%Sea
Japan1.35.4%Sea
Saudi Arabia1.35.4%Land
Brazil1.24.9%Sea
Germany0.93.7%Sea
South Korea0.632.5%Sea
United Kingdom0.562.3%Air
Australia0.512.1%Sea

Overview 1995–2024

In 2024, Oman accounted for 0.31% of world exports, compared with 0.12% in 1995.

Exports and imports

Exports grew 11.4-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 69.7
  • Imports 24.6
  • Balance +45

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$6.1 billion$5.9 billion$209 million
1996$7.6 billion$5.9 billion$1.6 billion
1997$8.1 billion$6.3 billion$1.8 billion
1998$6 billion$7.2 billion-$1.2 billion
1999$6.8 billion$6 billion$832 million
2000$10.7 billion$4.6 billion$6.1 billion
2001$11.2 billion$6.5 billion$4.7 billion
2002$10.9 billion$8.2 billion$2.7 billion
2003$10.9 billion$8.2 billion$2.6 billion
2004$13.1 billion$9.1 billion$4 billion
2005$17.4 billion$9.5 billion$7.8 billion
2006$22.9 billion$12.1 billion$10.8 billion
2007$23.1 billion$17.3 billion$5.8 billion
2008$34.2 billion$25.1 billion$9.2 billion
2009$25.4 billion$19 billion$6.4 billion
2010$33.1 billion$21.6 billion$11.5 billion
2011$45.2 billion$25 billion$20.2 billion
2012$51.4 billion$28.8 billion$22.6 billion
2013$55.8 billion$36.2 billion$19.6 billion
2014$51.9 billion$31.4 billion$20.6 billion
2015$37.3 billion$32.5 billion$4.8 billion
2016$31.2 billion$26.7 billion$4.5 billion
2017$34.4 billion$31.6 billion$2.8 billion
2018$47.2 billion$30.1 billion$17.1 billion
2019$46.1 billion$26.5 billion$19.6 billion
2020$40.7 billion$29.9 billion$10.8 billion
2021$64.7 billion$33.3 billion$31.5 billion
2022$90.2 billion$40.3 billion$49.8 billion
2023$75.8 billion$40.3 billion$35.5 billion
2024$69.7 billion$24.6 billion$45 billion

World rank

Oman rose from 59th to 49th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 59th in 1995
  • 49th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199559th
199658th
199757th
199864th
199963rd
200059th
200158th
200259th
200362nd
200465th
200562nd
200660th
200764th
200860th
200961st
201060th
201158th
201259th
201357th
201457th
201558th
201658th
201759th
201854th
201954th
202054th
202150th
202248th
202349th
202449th

What it sells

Its top export group is still oil, gas and coal: 74% in 2024

% of exports by Harmonized System chapter.

  • Other 5%
  • Salt, stone and cement 1%
  • Aluminum 2%
  • Plastics 2%
  • Ores and slag 3%
  • Organic chemicals 4%
  • Fertilizers 4%
  • Iron and steel 4%
  • Oil, gas and coal 74%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal73.7%74.5%
Iron and steel0.18%4.4%
Fertilizers0.08%4.1%
Organic chemicals0.3%3.8%
Ores and slag0.22%2.8%
Plastics0.19%2.5%
Aluminum0.56%1.6%
Salt, stone and cement0.11%0.91%
Other24.6%5.5%

Who it trades with

China went from 4% to 39% of Oman's trade

% of total trade (exports + imports) with each partner.

  • China 39%
  • India 9%
  • South Korea 7%
  • Saudi Arabia 5%
  • Japan 4%

Source: CEPII BACI

Show the numbers
Partner19952024
China4.4%38.9%
India1.8%9%
South Korea8.1%6.7%
Saudi Arabia2.6%5.2%
Japan23.1%4.1%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Rub al Khali basin (conventional onshore)Oil and gas · 51.3 Mt CO₂e
  • Rub al Khali basin (tight gas)Oil and gas · 6.8 Mt CO₂e
  • Sohar power plantPower · 4.3 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Muscat$81.9 billion (PPP, 2021 dollars)
  • Suhar$23.7 billion (PPP, 2021 dollars)
  • Salalah$16.7 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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