Oman recorded a trade surplus of 465.20 OMR Million in December of 2019.

Balance of Trade in Oman averaged 482.65 OMR Million from 1982 until 2019, reaching an all time high of 2379 OMR Million in June of 2000 and a record low of -117.60 OMR Million in June of 1998. This page provides - Oman Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Balance of Trade - values, historical data and charts - was last updated on October of 2020.

Balance of Trade in Oman is expected to be 380.00 OMR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Oman to stand at 560.00 in 12 months time. In the long-term, the Oman Balance of Trade is projected to trend around 11350.00 OMR Million in 2021 and 450.00 OMR Million in 2022, according to our econometric models.

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Oman Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
418.80 555.80 2379.00 -117.60 1982 - 2020 OMR Million Monthly

Oman Trade Last Previous Highest Lowest Unit
Balance of Trade 418.80 555.80 2379.00 -117.60 OMR Million [+]
Current Account -1592.00 -1671.00 3403.00 -4737.00 OMR Million [+]
Current Account to GDP -5.20 -5.50 17.84 -22.47 percent [+]
Imports 691.00 641.70 1392.10 242.50 OMR Million [+]
Exports 1109.80 1197.50 1992.00 423.00 OMR Million [+]
Capital Flows 1345.00 2949.00 4741.00 -2411.00 OMR Million [+]
Gold Reserves 0.02 0.02 9.05 0.02 Tonnes [+]
Crude Oil Production 894.00 838.00 1108.00 693.00 BBL/D/1K [+]
Foreign Direct Investment 2439.00 1122.00 2439.00 -835.00 OMR Million [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Tourist Arrivals 102.00 339.00 466.00 102.00 thousand [+]


Oman Balance of Trade
Oman has been recording large trade surpluses on a consistent basis due to oil and gas production. Shipments of oil and gas account for 70 percent of total exports. Main imports are: transport equipment; electrical machinery and mechanical appliances and mineral products. Main trading partners are: United Arab Emirates (11 percent of total exports and 27 percent of imports) and Japan (10.5 percent of exports and 13 percent of imports). Others include: China, India and United States.