Crude Petroleum in Oman

EXPORTS (2018): $20B, World Rnk 17 / 120
Flag Rnk 1 / 993

TOP DESTINATION (2018): $15.4B, China

FASTEST GROWING MARKET (2017 - 2018): $4.26B, China

IMPORTS (2018): $290k, World Rnk 106 / 148
Flag Rnk 937 / 1156

TOP ORIGIN (2018): $288k, United Arab Emirates

FASTEST GROWING ORIGIN (2016 - 2018): $1.57k, United Kingdom

ECONOMIC COMPLEXITY of Oman (2018): -0.046, Rnk 68 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Overview: This page contains the latest trade data of Crude Petroleum in Oman.

Exports: In 2018, Oman exported $20B in Crude Petroleum, making it the 17th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Oman. The main destination of Crude Petroleum exports from Oman are: China ($15.4B), India ($1.49B), Chinese Taipei ($1.44B), Japan ($1.22B), and Malaysia ($129M).

The fastest growing export markets for Crude Petroleum of Oman between 2017 and 2018 were China ($4.26B), Chinese Taipei ($1.44B), and Japan ($679M).

Imports: In 2018, Oman imported $290k in Crude Petroleum, becoming the 106th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 937th most imported product in Oman. Oman imports Crude Petroleum primarily from: United Arab Emirates ($288k) and United Kingdom ($1.57k).

The fastest growing import markets in Crude Petroleum for Oman between 2016 and 2018 were United Kingdom ($1.57k).

Tariffs: In 2018, the average tariff for Oman in Crude Petroleum was 4.48%. The countries with the highest import tariffs for Crude Petroleum were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Value

EXPORTS (2018): $20B

IMPORTS (2018): $290k

NET TRADE (2018): $20B

In 2018, Oman exported $20B in Crude Petroleum. The main destinations of Oman exports on Crude Petroleum were China ($15.4B), India ($1.49B), Chinese Taipei ($1.44B), Japan ($1.22B), and Malaysia ($129M).

In 2018, Oman imported $290k in Crude Petroleum, mainly from United Arab Emirates ($288k) and United Kingdom ($1.57k).

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IN 2018, Oman HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • China, $15.4B ($15.4B - $0)
  • India, $1.49B ($1.49B - $0)
  • Chinese Taipei, $1.44B ($1.44B - $0)

IN 2018, Oman HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • United Arab Emirates, -$288k ($0 - $288k)
  • United Kingdom, -$1.57k ($0 - $1.57k)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Oman WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Oman WERE (2017 - 2018):

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Market Concentration

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In 2018, Oman's main exporting competitors in Crude Petroleum were:

In 2018, Oman's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in Oman. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Oman in Crude Petroleum was 4.48%.

The countries with the highest tariffs for Crude Petroleum in Oman were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

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