In 2024, Oman's total exports were valued at $59.0B and total imports at $38.8B, leading to a trade surplus of $20.2B.
The country ranked 134th globally for total trade, exports, and imports.
Oman's top export destination is the United Arab Emirates, receiving 6.4% of exports valued at $3.8B.
The largest import partner for Oman is also the United Arab Emirates, accounting for 26.3% of imports at a value of $10.2B.
Mineral fuels (HS2 27) constitute the majority of Oman's trade, being the top export at $41.1B (69.7%) and the top import at $9.3B (23.9%).
Plastics and articles thereof (HS2 39) are the second-largest export category, valued at $2.4B.
Oman's Trade Performance in 2024
In 2024, Oman recorded total exports of $59.0B and imports of $38.8B, culminating in a total trade volume of $97.8B. This resulted in a substantial trade surplus of $20.2B. The country's global trade ranking was 134 for exports, imports, and total trade.
Key Trading Partners
Oman's primary trading partners are concentrated in the Middle East and Asia. The top export destination was the United Arab Emirates, with exports valued at $3.8B (6.4%). Other key export markets include Saudi Arabia ($2.9B) and India ($2.2B). On the import side, the United Arab Emirates is the most significant partner, supplying goods worth $10.2B, which represents 26.3% of total imports. Saudi Arabia and China follow as major sources of imports.
Oman's trade is heavily dominated by petroleum products. The top export category is Mineral fuels, mineral oils and products of their distillation (HS2 27), accounting for 69.7% of all exports with a value of $41.1B. The second most significant export is Plastics and articles thereof (HS2 39) at $2.4B. Mineral fuels are also the largest import category at $9.3B, followed by Machinery and mechanical appliances (HS2 84), with imports valued at $3.6B.