2023
Exports
$82.8kWorld Rnk 113 / 164
Flag Rnk 707 / 1051
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$161kWorld Rnk 91 / 184
Flag Rnk 979 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $82.8k in Precious Stones, making it the 113th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 707th most exported product in Oman. The main destination of Precious Stones exports from Oman are: United States ($46.6k), Bahrain ($24.8k), Saudi Arabia ($4.04k), United Arab Emirates ($3.59k), and Thailand ($1.36k).

The fastest growing export markets for Precious Stones of Oman between 2022 and 2023 were United States ($46.6k), Bahrain ($21.1k), and Saudi Arabia ($4.04k).

Imports In 2023, Oman imported $161k in Precious Stones, becoming the 91st largest importer of Precious Stones in the world. At the same year, Precious Stones was the 979th most imported product in Oman. Oman imports Precious Stones primarily from: Thailand ($65.4k), United Arab Emirates ($57.9k), India ($21.2k), Tanzania ($8.97k), and Bahrain ($3.25k).

The fastest growing import markets in Precious Stones for Oman between 2022 and 2023 were Thailand ($56.2k), India ($16.8k), and United Arab Emirates ($7.5k).

Latest Trends

Jan 2025

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 Stones. 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)$82.8k
IMPORTS (2023)$161k
NET TRADE (2023)-$78.5k

In 2023, Oman exported $82.8k in Precious Stones. The main destinations of Oman exports on Precious Stones were United States ($46.6k), Bahrain ($24.8k), Saudi Arabia ($4.04k), United Arab Emirates ($3.59k), and Thailand ($1.36k).

In 2023, Oman imported $161k in Precious Stones, mainly from Thailand ($65.4k), United Arab Emirates ($57.9k), India ($21.2k), Tanzania ($8.97k), and Bahrain ($3.25k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Oman WERE (2022 - 2023):
United States$46.6k (1%)
Bahrain$21.1k (567%)
Saudi Arabia$4.04k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Oman WERE (2022 - 2023):
Hong Kong-$1.99k (-100%)
Egypt-$1.63k (-100%)
Iran-$260 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $3.09k
TOP IMPORT POTENTIALUnited Arab Emirates+ $44k

Precious Stones’s highest export potential is Hong Kong. With an export gap of $3.09k.   Precious Stones’s highest import potential is United Arab Emirates with an import gap of $44k.

See methodology.

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