China / Oman

Overview In December 2024, China exported $510M and imported $2.75B from Oman, resulting in a negative trade balance of $2.24B. Between December 2023 and December 2024 the exports of China have increased by $113M (28.6%) from $396M to $510M, while imports decreased by $-406M (-12.9%) from $3.16B to $2.75B.

Trade In December 2024, the top exports of China to Oman were Cranes ($54M), Polycarboxylic Acids ($39.8M), Iron Pipes ($18.8M), Hot-Rolled Iron ($15.8M), and Cars ($15.3M). In December 2024 the top imports of China from Oman were Crude Petroleum ($2.33B), Petroleum Gas ($258M), Iron Ore ($161M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($130M), and Refined Petroleum ($126M).

Origins In December 2024 the exports of China were mainly from Jiangsu Province ($96.5M), Zhejiang Province ($70.6M), Shandong Province ($54.9M), Guangdong Province ($52.7M), and Shanghai Province ($35M), while imports destinations were mainly Beijing ($1.75B), Shandong Province ($388M), Guangdong Province ($295M), Shanghai Province ($73.3M), and Zhejiang Province ($58.5M).

Growth In December 2024, the increase in China's year-by-year exports to Oman was explained primarily by an increase in product exports in Cranes ($54M or 10.7M%), Polycarboxylic Acids ($21.3M or 115%), and Hot-Rolled Iron ($13.1M or 479%). In December 2024, the decrease in China's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Petroleum Gas ($-154M or -37.3%), Sulphur ($-5.1M or -74.8%), and Propylene Polymers ($-2.73M or -62.3%).