2023
Exports
$10.3BWorld Rnk 21 / 214
Flag Rnk 2 / 1051
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$7.07BWorld Rnk 34 / 226
Flag Rnk 1 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $10.3B in Refined Petroleum, making it the 21st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Oman. The main destination of Refined Petroleum exports from Oman are: South Africa ($2.45B), Saudi Arabia ($921M), Madagascar ($629M), China ($546M), and Indonesia ($539M).

The fastest growing export markets for Refined Petroleum of Oman between 2022 and 2023 were Indonesia ($539M), China ($311M), and Egypt ($305M).

Imports In 2023, Oman imported $7.07B in Refined Petroleum, becoming the 34th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Oman. Oman imports Refined Petroleum primarily from: Saudi Arabia ($3B), Qatar ($1.2B), United Arab Emirates ($769M), India ($726M), and Russia ($192M).

The fastest growing import markets in Refined Petroleum for Oman between 2022 and 2023 were Greece ($145M), Malta ($91M), and Italy ($88.5M).

Latest Trends

Dec 2024

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 Refined 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

Trade Balance

Color
EXPORTS (2023)$10.3B
IMPORTS (2023)$7.07B
NET TRADE (2023)$3.27B

In 2023, Oman exported $10.3B in Refined Petroleum. The main destinations of Oman exports on Refined Petroleum were South Africa ($2.45B), Saudi Arabia ($921M), Madagascar ($629M), China ($546M), and Indonesia ($539M).

In 2023, Oman imported $7.07B in Refined Petroleum, mainly from Saudi Arabia ($3B), Qatar ($1.2B), United Arab Emirates ($769M), India ($726M), and Russia ($192M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Indonesia$539M (1%)
China$311M (133%)
Egypt$305M (9.08k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Oman WERE (2022 - 2023):
Malaysia-$511M (-86.9%)
Mauritius-$383M (-75.8%)
Saudi Arabia-$238M (-20.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Refined Petroleum were:
In 2023, Oman's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $306M
TOP IMPORT POTENTIALUnited Arab Emirates+ $301M

Refined Petroleum’s highest export potential is India. With an export gap of $306M.   Refined Petroleum’s highest import potential is United Arab Emirates with an import gap of $301M.

See methodology.

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