HS Icon Crude Petroleum in  Flag Oman

2021
Exports | Imports
: $24.2B | $18.4M, World Rnk 13 / 147
Flag Rnk 1 / 1077 | World Rnk 86 / 163
Flag Rnk 277 / 1177

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $8.28B | $18.3M, China |  Kuwait

2021
ECONOMIC COMPLEXITY of Oman
: -0.2, Rnk 73 / 131

2021
PRODUCT COMPLEXITY IN Crude Petroleum
: -2.38, Rnk 1024 / 1029

Exports In 2021, Oman exported $24.2B in Crude Petroleum, making it the 13th 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 ($19.7B), India ($2.51B), Chinese Taipei ($956M), South Korea ($415M), and Japan ($273M).

The fastest growing export markets for Crude Petroleum of Oman between 2020 and 2021 were China ($8.28B), India ($1.66B), and Chinese Taipei ($487M).

Imports In 2021, Oman imported $18.4M in Crude Petroleum, becoming the 86th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 277th most imported product in Oman. Oman imports Crude Petroleum primarily from: Kuwait ($18.3M), United Arab Emirates ($112k), Tanzania ($219), and Qatar ($194).

The fastest growing import markets in Crude Petroleum for Oman between 2020 and 2021 were Kuwait ($18.3M), United Arab Emirates ($64.3k), and Tanzania ($219).

Tariffs In 2018, the average tariff for Oman in Crude Petroleum was 4.79%. The countries with the highest import tariffs for Crude Petroleum were Angola (Most Favoured Nation duty rate treatment, 5%), Burundi (Most Favoured Nation duty rate treatment, 5%), Benin (Most Favoured Nation duty rate treatment, 5%), Burkina Faso (Most Favoured Nation duty rate treatment, 5%), and Botswana (Most Favoured Nation duty rate treatment, 5%).

Apr 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2021): $24.2B

IMPORTS (2021): $18.4M

NET TRADE (2021): $24.2B

In 2021, Oman exported $24.2B in Crude Petroleum. The main destinations of Oman exports on Crude Petroleum were China ($19.7B), India ($2.51B), Chinese Taipei ($956M), South Korea ($415M), and Japan ($273M).

In 2021, Oman imported $18.4M in Crude Petroleum, mainly from Kuwait ($18.3M), United Arab Emirates ($112k), Tanzania ($219), and Qatar ($194).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Oman WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Oman WERE (2020 - 2021):

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Market Concentration

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In 2021, Oman's main exporting competitors in Crude Petroleum were:

In 2021, Oman's main importing competitors in Crude Petroleum were:

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