Oman recorded a trade surplus of 709.10 OMR Million in November of 2018. Balance of Trade in Oman averaged 481.55 OMR Million from 1982 until 2018, 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.

Balance of Trade in Oman is expected to be 540.00 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 620.00 in 12 months time. In the long-term, the Oman Balance of Trade is projected to trend around 650.00 OMR Million in 2020, according to our econometric models.

Oman Balance of Trade
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Oman Trade Last Previous Highest Lowest Unit
Balance of Trade 709.10 686.50 2379.00 -117.60 OMR Million [+]
Current Account -4137.00 -4737.00 3403.00 -4737.00 OMR Million [+]
Current Account to GDP -14.80 -18.50 17.84 -22.47 percent [+]
Imports 765.00 691.90 1392.10 242.50 OMR Million [+]
Exports 1197.30 1193.10 1992.00 423.00 OMR Million [+]
Capital Flows 3481.00 1700.00 4741.00 -2411.00 OMR Million [+]
Gold Reserves 0.02 0.02 9.05 0.02 Tonnes [+]
Crude Oil Production 970.00 970.00 1057.00 693.00 BBL/D/1K [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Tourist Arrivals 297.00 282.00 466.00 123.00 thousand [+]
Foreign Direct Investment 1122.00 871.00 1281.00 -835.00 OMR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Oman Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
709.10 686.50 2379.00 -117.60 1982 - 2018 OMR Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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