2022
Exports
$199MWorld Rnk 107 / 220
Flag Rnk 12 / 21
2022
PRODUCT COMPLEXITY IN Precious Metals
0.58Rnk 328 / 1025
2022
Imports
$950MWorld Rnk 43 / 225
Flag Rnk 10 / 21
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $199M in Precious Metals, making it the 107th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 12th most exported product in Oman. The main destination of Precious Metals exports from Oman are: United States ($75.4M), Spain ($55.8M), United Arab Emirates ($41.9M), India ($15.3M), and Hong Kong ($3.1M).

The fastest growing export markets for Precious Metals of Oman between 2021 and 2022 were Spain ($55.8M), United Arab Emirates ($22.1M), and India ($1.2M).

Imports In 2022, Oman imported $950M in Precious Metals, becoming the 43rd largest importer of Precious Metals in the world. At the same year, Precious Metals was the 10th most imported product in Oman. Oman imports Precious Metals primarily from: United Arab Emirates ($873M), United States ($44M), Singapore ($6.98M), Bahrain ($5.31M), and Turkey ($5.04M).

The fastest growing import markets in Precious Metals for Oman between 2021 and 2022 were United Arab Emirates ($130M), United States ($30.4M), and Turkey ($4.07M).

COMPANIES In 2023, leading companies such as Emser Tile (1) were at the forefront of shipping Precious Metals from Oman to the United States.

Latest Trends

Aug 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 Precious Metals. 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 (2022)$199M
IMPORTS (2022)$950M
NET TRADE (2022)-$751M

In 2022, Oman exported $199M in Precious Metals. The main destinations of Oman exports on Precious Metals were United States ($75.4M), Spain ($55.8M), United Arab Emirates ($41.9M), India ($15.3M), and Hong Kong ($3.1M).

In 2022, Oman imported $950M in Precious Metals, mainly from United Arab Emirates ($873M), United States ($44M), Singapore ($6.98M), Bahrain ($5.31M), and Turkey ($5.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Spain$55.8M (16.5M%)
India$1.2M (8.53%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Oman WERE (2021 - 2022):
United States-$24.1M (-24.2%)
Hong Kong-$10.5M (-77.2%)
Qatar-$4.14M (-65.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Precious Metals were:
In 2022, Oman's main importing competitors in Precious Metals were:

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Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Arab Emirates+ $34.2M
TOP IMPORT POTENTIALUnited States+ $22.9M

Precious Metals’s highest export potential is United Arab Emirates. With an export gap of $34.2M.   Precious Metals’s highest import potential is United States with an import gap of $22.9M.

See methodology.

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