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%).