Sign In
Pricing

2022
Economic Complexity
Trade -0.19Rank 75 of 133
2021
Economic Complexity
Technology -1.38Rank 89 of 96
2022
Economic Complexity
Research -0.79Rank 108 of 135
2022
Product
Exports | Imports $76.4B | $40.4B50 of 226 |  66 of 226
2022
Per Capita Product
Exports | Imports $16.7k | $8.83k25 of 220 |  61 of 220

About

Overview In 2022, Oman was the number 63 economy in the world in terms of GDP (current US$), the number 50 in total exports, the number 66 in total imports, the number 43 economy in terms of GDP per capita (current US$) and the number 75 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Oman are Crude Petroleum ($32.8B), Petroleum Gas ($12.7B), Refined Petroleum ($4.24B), Nitrogenous Fertilizers ($4.14B), and Semi-Finished Iron ($3.44B), exporting mostly to China ($30.4B), India ($8.15B), South Korea ($4.64B), United Arab Emirates ($3.13B), and United States ($2.71B).

Imports The top imports of Oman are Refined Petroleum ($7.87B), Cars ($1.88B), Iron Ore ($1.28B), Gold ($766M), and Broadcasting Equipment ($704M), importing mostly from United Arab Emirates ($10.9B), Saudi Arabia ($4.31B), India ($4.22B), China ($3.66B), and Qatar ($1.93B).

Location Oman borders Saudi Arabia, United Arab Emirates, and Yemen by land and Iran and Pakistan by sea.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Oman.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Crude Petroleum$32.8B
Top Destination (2022)China$30.4B

In 2022, Oman exported a total of $76.4B, making it the number 50 exporter in the world. During the last five reported years the exports of Oman have changed by $43.8B from $32.5B in 2017 to $76.4B in 2022.

The most recent exports are led by Crude Petroleum ($32.8B), Petroleum Gas ($12.7B), Refined Petroleum ($4.24B), Nitrogenous Fertilizers ($4.14B), and Semi-Finished Iron ($3.44B). The most common destination for the exports of Oman are China ($30.4B), India ($8.15B), South Korea ($4.64B), United Arab Emirates ($3.13B), and United States ($2.71B).

Explore Visualizations

Exports (2022)
[Click to Select a Product]

Destinations (2022)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2021 - 2022)
China$6.41B (+ 26.8%)
India$2.53B (+ 44.9%)
South Korea$1.97B (+ 73.6%)
Fastest Growing Import Markets (2021 - 2022)
Saudi Arabia$2.7B (+ 168%)
India$1.88B (+ 80.3%)
China$587M (+ 19.1%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Service Trade

Service Trade

Oman Exports Services (2020)$2.22B
Oman Imports Services (2020)$8.33B

In 2020, Oman exported $2.22B worth of services. The top services exported by Oman in 2020 were Transportation ($1.1B), Travel ($441M), Other business services ($423M), Computer and information services ($222M), and Insurance services ($40M).

The top services imported by Oman in 2020 were Other business services ($3.23B), Transportation ($2.75B), Insurance services ($1.06B), Travel ($1.04B), and Computer and information services ($256M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)-0.19Rank 75 of 133
Economic Complexity (Technology)-1.38Rank 89 of 96
Economic Complexity (Research)-0.79Rank 108 of 135

Most Specialized Products by RCA Index

Oman has a high level of specialization in Semi-Finished Iron (32.2), Gypsum (31.6), Other Sea Vessels (29.7), Antimony (28.2), and Coin (22). Specialization is measured using RCA, an index that takes the ratio between Oman observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Oman according to the product complexity index (PCI) are Reciprocating or rotary internal combustion piston engines (0.96), Stationery; fittings for loose-leaf binders or files, letter clips, letter corners, paper... (0.9), Alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives (0.74), Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins,... (0.73), and Cyclic hydrocarbons (0.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Oman according to the relatedness index, were Gold (0.1), Crustaceans (0.1), Tropical Fruits (0.099), Cotton Waste (0.099), and Raw Cotton (0.096). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Oman is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Oman. These are products that tend to be co-exported with the products that Oman exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Oman's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨69th to the 75th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms