2023
Exports
$109MWorld Rnk 78 / 225
Flag Rnk 30 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$709MWorld Rnk 76 / 226
Flag Rnk 12 / 96
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $109M in Pharmaceutical products, making it the 78th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 30th most exported product in Oman. The main destination of Pharmaceutical products exports from Oman are: United Arab Emirates ($32.7M), United Kingdom ($15.5M), Saudi Arabia ($14.2M), Qatar ($10.1M), and Germany ($6.5M).

The fastest growing export markets for Pharmaceutical products of Oman between 2022 and 2023 were United Kingdom ($6.24M), Iran ($5.11M), and United Arab Emirates ($2.8M).

Imports In 2023, Oman imported $709M in Pharmaceutical products, becoming the 76th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 12th most imported product in Oman. Oman imports Pharmaceutical products primarily from: United Arab Emirates ($236M), Qatar ($124M), Switzerland ($57.9M), Saudi Arabia ($36.9M), and India ($31.1M).

The fastest growing import markets in Pharmaceutical products for Oman between 2022 and 2023 were United Arab Emirates ($57.9M), Switzerland ($39.3M), and Turkey ($11.5M).

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 Pharmaceutical products. 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)$109M
IMPORTS (2023)$709M
NET TRADE (2023)-$600M

In 2023, Oman exported $109M in Pharmaceutical products. The main destinations of Oman exports on Pharmaceutical products were United Arab Emirates ($32.7M), United Kingdom ($15.5M), Saudi Arabia ($14.2M), Qatar ($10.1M), and Germany ($6.5M).

In 2023, Oman imported $709M in Pharmaceutical products, mainly from United Arab Emirates ($236M), Qatar ($124M), Switzerland ($57.9M), Saudi Arabia ($36.9M), and India ($31.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Oman WERE (2022 - 2023):
United Kingdom$6.24M (67.3%)
Iran$5.11M (869%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Oman WERE (2022 - 2023):
France-$3.12M (-95.1%)
Malta-$1.63M (-75.5%)
Kenya-$959k (-81.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $8.9M
TOP IMPORT POTENTIALGermany+ $37.3M

Pharmaceutical products’s highest export potential is Saudi Arabia. With an export gap of $8.9M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $37.3M.

See methodology.

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