Overview: In 2018 Oman was the number 68 economy in the world in terms of GDP (current US$), the number 56 in total exports, the number 66 in total imports, and the number 68 most complex economy according to the Economic Complexity Index (ECI). In 2018, Oman exported $41.1B and imported $33.5B, resulting in a positive trade balance of $7.66B. In 2018, Oman's exports per capita were $8.51k and its imports per capita were $6.93k.
Trade: The top exports of Oman are Crude Petroleum ($20B), Petroleum Gas ($3.29B), Refined Petroleum ($2.8B), Iron Ore ($841M), and Cyclic Hydrocarbons ($832M). The top imports of Oman are Cars ($2.19B), Refined Petroleum ($1.92B), Iron Ore ($818M), Broadcasting Equipment ($691M), and Planes, Helicopters, and/or Spacecraft ($624M).
Destinations: Oman exports mostly to China ($16.7B), India ($3.31B), United Arab Emirates ($2.84B), South Korea ($2.49B), and Saudi Arabia ($2.14B), and imports mostly from United Arab Emirates ($11.7B), China ($2.42B), India ($1.88B), Japan ($1.54B), and United States ($1.38B).
Location: Oman borders Saudi Arabia, United Arab Emirates, and Yemen by land and Iran and Pakistan by sea.