Oman recorded a trade surplus of 151.40 OMR Million in February of 2021. source: National Center for Statistics & Information - Oman

Balance of Trade in Oman averaged 470.86 OMR Million from 1982 until 2021, 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 July of 2021.

Balance of Trade in Oman is expected to be 390.00 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 650.00 in 12 months time. In the long-term, the Oman Balance of Trade is projected to trend around 11350.00 OMR Million in 2022 and 450.00 OMR Million in 2023, according to our econometric models.

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Oman Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
151.40 171.80 2379.00 -117.60 1982 - 2021 OMR Million Monthly

Oman Trade Last Previous Highest Lowest Unit
Balance of Trade 151.40 171.80 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 of GDP [+]
Imports 872.50 852.80 1392.10 242.50 OMR Million [+]
Exports 1023.90 1024.60 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 952.00 949.00 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 6.04 13.36 466.00 1.10 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.