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

About

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.

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.

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

Company data: In 2023, leading companies such as Dekalb Farmers Market (158), Emser Tile (21), and Fyffes (14) were at the forefront of exporting goods from Oman to the United States. Conversely, Frutas Tropicales Ibarra Spr De Rl (157), Other (31), and Productos Agropecuarios Ramamy S. D (4) were notable for importing products to Oman from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $157M and imported $96M from Oman, resulting in a positive trade balance of $60.7M. Between November 2023 and November 2024 the exports of United States have increased by $17.4M (12.5%) from $139M to $157M, while imports decreased by $-148M (-60.7%) from $244M to $96M.

Trade In November 2024, the top exports of United States to Oman were Cars ($40.6M), Gold ($8.38M), Other Construction Vehicles ($6.61M), Commodities not elsewhere specified ($5.22M), and Ethylene Polymers ($4.07M). In November 2024 the top imports of United States from Oman were Raw Plastic Sheeting ($23.5M), Aluminium Plating ($20.7M), Polyacetals ($17.8M), Cyclic Hydrocarbons ($12.4M), and Jewellery ($10.9M).

Origins In November 2024 the exports of United States were mainly from Texas ($38.7M), Florida ($22.8M), New York ($15.5M), Michigan ($13.1M), and California ($9.18M), while imports destinations were mainly New York ($12.5M), Georgia ($11.3M), Indiana ($7.4M), New Jersey ($6.19M), and Tennessee ($5.85M).

Growth In November 2024, the increase in United States's year-by-year exports to Oman was explained primarily by an increase in product exports in Cars ($17.4M or 74.9%), Gold ($6.09M or 267%), and Gas Turbines ($2.49M or 817%). In November 2024, the decrease in United States's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Iron Nails ($-12.1M or -95.2%), Other Small Iron Pipes ($-10.9M or -86%), and Raw Plastic Sheeting ($-9.24M or -28.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$17.4M(12.5%)
IMPORT GROWTH (November 2023 - November 2024)$-148M(-60.7%)
MAIN EXPORTER (November 2024)Texas$38.7M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Oman and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.42B in 2023.

In 2018, 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 2023 to $1.86B in 2018.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage United States - Oman

Flow
Scale

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

During 2023, United States had a large net trade with Oman in the exports of Transportation ($573M), Mineral Products ($197M), and Machines ($189M).

During 2018, Oman had a large net trade with United States in the exports of Plastics and Rubbers ($438M), Metals ($398M), and Mineral Products ($359M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Oman+$113MRefined Petroleum
Top Product Potential Oman United States+$166MRefined 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 United States and Oman. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over United States.

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

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