2023
Exports
$60.9MWorld Rnk 19 / 180
Flag Rnk 63 / 1051
2023
PRODUCT COMPLEXITY IN Precious Metal Watches
0.62Rnk 321 / 1025
2023
Imports
$73MWorld Rnk 31 / 210
Flag Rnk 93 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $60.9M in Precious Metal Watches, making it the 19th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 63rd most exported product in Oman. The main destination of Precious Metal Watches exports from Oman are: Hong Kong ($46.9M), Switzerland ($13.6M), Iran ($142k), United Arab Emirates ($120k), and United Kingdom ($78.4k).

The fastest growing export markets for Precious Metal Watches of Oman between 2022 and 2023 were Switzerland ($6.55M), Hong Kong ($3.4M), and United Kingdom ($78.4k).

Imports In 2023, Oman imported $73M in Precious Metal Watches, becoming the 31st largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 93rd most imported product in Oman. Oman imports Precious Metal Watches primarily from: United Arab Emirates ($59.1M), Switzerland ($8.62M), Netherlands ($4.25M), United States ($158k), and China ($154k).

The fastest growing import markets in Precious Metal Watches for Oman between 2022 and 2023 were United Arab Emirates ($13.1M), Netherlands ($3.8M), and United States ($121k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Precious Metal Watches. 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

Trade Balance

Color
EXPORTS (2023)$60.9M
IMPORTS (2023)$73M
NET TRADE (2023)-$12.1M

In 2023, Oman exported $60.9M in Precious Metal Watches. The main destinations of Oman exports on Precious Metal Watches were Hong Kong ($46.9M), Switzerland ($13.6M), Iran ($142k), United Arab Emirates ($120k), and United Kingdom ($78.4k).

In 2023, Oman imported $73M in Precious Metal Watches, mainly from United Arab Emirates ($59.1M), Switzerland ($8.62M), Netherlands ($4.25M), United States ($158k), and China ($154k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Switzerland$6.55M (93.3%)
Hong Kong$3.4M (7.82%)
United Kingdom$78.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Oman WERE (2022 - 2023):
Malaysia-$217k (-88.4%)
Turkey-$116k (-80.7%)
Iran-$51.6k (-26.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Precious Metal Watches were:
In 2023, Oman's main importing competitors in Precious Metal Watches were:

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Arab Emirates+ $1.1M
TOP IMPORT POTENTIALFrance+ $504k

Precious Metal Watches’s highest export potential is United Arab Emirates. With an export gap of $1.1M.   Precious Metal Watches’s highest import potential is France with an import gap of $504k.

See methodology.

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