Oman recorded a trade surplus of 581.60 OMR Million in June of 2021. source: National Center for Statistics & Information - Oman

Balance of Trade in Oman averaged 471.78 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 November of 2021.

Balance of Trade in Oman is expected to be 11350.00 OMR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Balance of Trade is projected to trend around 550.00 OMR Million in 2022 and 450.00 OMR Million in 2023, according to our econometric models.

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Oman Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 581.60 654.50 OMR Million Jun/21
Imports 773.80 598.50 OMR Million Jun/21
Exports 1355.40 1294.10 OMR Million Jun/21
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.