2023
Exports
$29.3BWorld Rnk 15 / 150
Flag Rnk 1 / 1051
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$1.57BWorld Rnk 49 / 159
Flag Rnk 3 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $29.3B in Crude Petroleum, making it the 15th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Oman. The main destination of Crude Petroleum exports from Oman are: China ($25B), Chinese Taipei ($1.98B), Japan ($935M), India ($453M), and Germany ($320M).

The fastest growing export markets for Crude Petroleum of Oman between 2022 and 2023 were Germany ($320M), Malaysia ($122M), and Slovakia ($96.4M).

Imports In 2023, Oman imported $1.57B in Crude Petroleum, becoming the 49th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Oman. Oman imports Crude Petroleum primarily from: Kuwait ($1.51B), Russia ($63.1M), United Arab Emirates ($158k), Germany ($3.48k), and Japan ($55).

The fastest growing import markets in Crude Petroleum for Oman between 2022 and 2023 were Kuwait ($1.51B), Russia ($63.1M), and United Arab Emirates ($20.8k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$29.3B
IMPORTS (2023)$1.57B
NET TRADE (2023)$27.7B

In 2023, Oman exported $29.3B in Crude Petroleum. The main destinations of Oman exports on Crude Petroleum were China ($25B), Chinese Taipei ($1.98B), Japan ($935M), India ($453M), and Germany ($320M).

In 2023, Oman imported $1.57B in Crude Petroleum, mainly from Kuwait ($1.51B), Russia ($63.1M), United Arab Emirates ($158k), Germany ($3.48k), and Japan ($55).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Germany$320M (1%)
Malaysia$122M (111%)
Slovakia$96.4M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Oman WERE (2022 - 2023):
China-$4.12B (-14.1%)
India-$3.19B (-87.6%)
South Korea-$413M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.64B
TOP IMPORT POTENTIALUnited Arab Emirates+ $376k

Crude Petroleum’s highest export potential is India. With an export gap of $1.64B.   Crude Petroleum’s highest import potential is United Arab Emirates with an import gap of $376k.

See methodology.

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