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2023
Flag → Flag
Exports $1.86BRnk 9 / 171
2023
Flag → Flag
Top Product $356MRaw Plastic Sheeting
2023
Flag → Flag
Exports $1.42BRnk 71 / 220
2023
Flag → Flag
Top Product $515MCars
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $21,550CURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Oman-United States Trade: In 2023, Oman exported $1.86B to United States. The main products that Oman exported to United States were Raw Plastic Sheeting ($356M), Refined Petroleum ($341M), and Jewellery ($224M). Over the past 5 years the exports of Oman to United States have increased at an annualized rate of 6.93%, from $1.33B in 2018 to $1.86B in 2023.

In 2023, Oman did not export any services to United States.

United States-Oman Trade: In 2023, United States exported $1.42B to Oman. The main products that United States exported to Oman were Cars ($515M), Petroleum Coke ($114M), and Ethylene Polymers ($86M). Over the past 5 years the exports of United States to Oman have increased at an annualized rate of 5.93%,  from $1.07B in 2018 to $1.42B in 2023.

In 2017, United States exported services to Oman worth $483M, with Financial services ($151M), Travel ($134M), and Other business services ($52M) being the largest in terms of value.

Comparison: In 2023,  Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Oman exported $1.86B to United States. The main products exported from Oman to United States were Raw Plastic Sheeting ($356M), Refined Petroleum ($341M), and Jewellery ($224M). During the last 5 years the exports of Oman to United States have increased at an annualized rate of 6.93%, from $1.33B in 2018 to $1.86B in 2023.

In 2018, United States exported $1.42B to Oman. The main products exported from United States to Oman were Cars ($515M), Petroleum Coke ($114M), and Ethylene Polymers ($86M). During the last 5 years the exports of United States to Oman have increased at an annualized rate of 5.93%, from $1.07B in 2023 to $1.42B in 2018.

Exports from Oman (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Oman (Flag) (2023)

Latest Data

Trade between Oman (Flag) and United States (Flag)

Oman Exports

United States Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.2B
United States
Top DestinationCanada$269B

This map shows whether countries import more from Oman or United States. Each country is colored based on the difference in imports they receive from Oman and United States or the difference in the growth in imports.

In 2023, countries that imported more from Oman than United States included Madagascar ($647M), Iran ($554M), and Maldives ($529M).

In 2023, countries that imported more from United States than Oman included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Oman (Flag) (2023)

Comparative Advantage Oman - United States

Flow
Scale

This chart compares trade between Oman and United States by product, considering products traded by both, Oman and United States.

During 2023, Oman had a large net trade with United States in the exports of Plastics and Rubbers ($438M), Metals ($398M), and Mineral Products ($359M).

During 2018, United States had a large net trade with Oman in the exports of Transportation ($573M), Mineral Products ($197M), and Machines ($189M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman United States+$166MRefined Petroleum
Top Product Potential United States Oman+$113MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Oman and United States. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Oman.

Product Space of Oman (Flag) and United States (Flag) (2023)

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