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Country intelligence · OMN · 2024

Oman trade profile

In 2024, Oman recorded $69.5B in merchandise exports and $43.3B in imports, producing a $26.2B trade surplus. Exports changed +1.5% from the previous year, while imports changed +6.5%.[1]

Exports

$69.5B

+1.5%

Imports

$43.3B

+6.5%

Trade balance

$26.2B

surplus

Active partners

270

17 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$69.5B$43.3B$26.2B+1.5%
2023$68.5B$40.7B$27.8B-14.2%
2022$79.8B$40.3B$39.5B+41.2%
2021$56.5B$31.8B$24.7B+55.6%
2020$36.3B$28.7B$7.6B-13.6%
2019$42.0B$28.0B$14.0B-0.2%
2018$42.2B$30.8B$11.4B+33.0%
2017$31.7B$31.5B$139.7M+9.7%
2016$28.9B$24.4B$4.4B-16.8%
2015$34.7B$28.4B$6.3B-31.6%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 27 · Mineral fuels and oils

42 active HS6 lines · 95 export partners

$47.9B
2

HS 72 · HS chapter

166 active HS6 lines · 83 export partners

$3.5B
3

HS 39 · HS chapter

129 active HS6 lines · 144 export partners

$2.4B
4

HS 26 · HS chapter

32 active HS6 lines · 46 export partners

$2.4B
5

HS 31 · HS chapter

24 active HS6 lines · 55 export partners

$2.0B
6

HS 29 · Organic chemicals

331 active HS6 lines · 70 export partners

$2.0B
7

HS 76 · HS chapter

35 active HS6 lines · 92 export partners

$1.2B
8

HS 25 · HS chapter

65 active HS6 lines · 76 export partners

$756.6M

Leading export markets

Destinations rank bilateral export flows from Oman; growth describes each corridor rather than the whole economy.

1

China

Annual change +5.8% · 3-year CAGR 7.0%

$28.4B
2

South Korea

Annual change +1.1% · 3-year CAGR 12.2%

$4.6B
3

India

Annual change +5.8% · 3-year CAGR -6.7%

$4.0B
4

Saudi Arabia

Annual change -4.0% · 3-year CAGR 20.8%

$3.8B
5

United Arab Emirates

Annual change -11.1% · 3-year CAGR -3.9%

$3.6B
6

South Africa

Annual change +10.9% · 3-year CAGR 12.7%

$2.6B
7

Taiwan

Annual change +0.2% · 3-year CAGR 11.0%

$2.2B
8

Japan

Annual change -2.3% · 3-year CAGR 13.3%

$2.1B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.

Data sourcesMethodologyOpen country workspace