2023
Exports
$210MWorld Rnk 89 / 167
Flag Rnk 29 / 1051
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$781MWorld Rnk 31 / 174
Flag Rnk 6 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $210M in Gold, making it the 89th largest exporter of Gold in the world. At the same year, Gold was the 29th most exported product in Oman. The main destination of Gold exports from Oman are: United Arab Emirates ($166M), United States ($23.3M), India ($7.76M), Iran ($4.72M), and Bahrain ($3.91M).

The fastest growing export markets for Gold of Oman between 2022 and 2023 were United Arab Emirates ($124M), United States ($17.4M), and Iran ($4.72M).

Imports In 2023, Oman imported $781M in Gold, becoming the 31st largest importer of Gold in the world. At the same year, Gold was the 6th most imported product in Oman. Oman imports Gold primarily from: United Arab Emirates ($676M), Russia ($51.2M), United States ($40.1M), Turkey ($11.5M), and Hong Kong ($1.23M).

The fastest growing import markets in Gold for Oman between 2022 and 2023 were Russia ($51.2M), Turkey ($9.36M), and United States ($2.9M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$210M
IMPORTS (2023)$781M
NET TRADE (2023)-$572M

In 2023, Oman exported $210M in Gold. The main destinations of Oman exports on Gold were United Arab Emirates ($166M), United States ($23.3M), India ($7.76M), Iran ($4.72M), and Bahrain ($3.91M).

In 2023, Oman imported $781M in Gold, mainly from United Arab Emirates ($676M), Russia ($51.2M), United States ($40.1M), Turkey ($11.5M), and Hong Kong ($1.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Oman WERE (2022 - 2023):
United States$17.4M (290%)
Iran$4.72M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Oman WERE (2022 - 2023):
Hong Kong-$2.66M (-100%)
Switzerland-$633k (-100%)
Pakistan-$132k (-71.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Gold were:
In 2023, Oman's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $23.7M
TOP IMPORT POTENTIALUnited States+ $20.1M

Gold’s highest export potential is United Arab Emirates. With an export gap of $23.7M.   Gold’s highest import potential is United States with an import gap of $20.1M.

See methodology.

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