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Oman
General Information - Oman
Country Official Name The Sultanate of Oman
Head of State Haitham bin Tariq al-Said
Population 4,829,483 (2018)
Capital City Muscat
Largest City Muscat (Ranked by population)
Official Languages Arabic
Monetary Unit Omani Rial (OMR)
Location & Geography

Oman is located on the South-eastern corner of the Arabian Peninsula. It is bordered by Saudi Arabia and the United Arab Emirates (UAE) in the West, Yemen in the South, the Strait of Hormuz in the North and the Arabian Sea in the East. Oman has three distinct topographical features. The first consists of two flat, relatively fertile coastal strips:...

Trade Information - Oman
Trade with World - 2018
Imports
25.77 USD Billion
Exports
41.76 USD Billion
Trade Balance
15.99 USD Billion
Bilateral Trade
67.53 USD Billion
Trade with UAE - 2018
Imports
11.82 USD Billion
Exports
2.9 USD Billion
Trade Balance
-8.92 USD Billion
Bilateral Trade
14.72 USD Billion
Trade with Dubai - 2018
Imports
11.04 AED Billion
Exports
5.7 AED Billion
Trade Balance
-5.34 AED Billion
Bilateral Trade
16.75 AED Billion
Main Exports Destination

Sultanate of Oman is the 62th largest export economy in the world. In 2017, Oman exported $32.90B and imported $26.43B from world, resulting in a positive trade balance of $6.47B.

Sultanate of Oman trade growth is -1.48% between 2016 and 2017.

Sultanate of Oman’s total number of export products is 3,104 products and total number of partners is 160 countries.

Sultanate of Oman’s total number of import products is 4,026 products and total number of partners is 148 countries.

Economic Indicator - Oman
79.29
Billion (2018)
GDP (USD)
8
(2018)
FDI, net Inflow (% of GDP)
78.91
Billion (2018)
GNI (USD)
0.88 %
(2018)
Inflation (CPI) (%)
3.08 %
(2019)
Unemployment rate (%)
N/A
Billion (2017)
External debt (USD)
N/A
(2017)
GNI Growth (annual %)
3.45 %
(2018)
Population Growth (annual %)

Sultanate of Oman is a middle-income country with an economy based primarily on hydrocarbon resources and is heavily dependent on oil and gas resources, which can generate between and 68% and 85% government revenue.
Sultanate of Oman is using enhanced oil recovery techniques to boost production, but it has simultaneously pursued a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector's contribution to GDP. The key components of the government's diversification strategy are tourism, shipping and logistics, mining, manufacturing, and aquaculture.

Top 5 Products - Oman
Exports (%) - 2018
Imports (Value)
Petroleum oils and (2710) Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
1.29 USD Billion
Motor cars and (8703) Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars
1.22 USD Billion
Telephone sets, including (8517) Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528
0.69 USD Billion
Iron or non-alloy (7207) Iron or non-alloy steel; semi-finished products thereof
0.58 USD Billion
Iron ores and (2601) Iron ores and concentrates; including roasted iron pyrites
0.54 USD Billion
Export (Value)
Petroleum oils and (2709) Petroleum oils and oils obtained from bituminous minerals; crude
20.1 USD Billion
Petroleum gases and (2711) Petroleum gases and other gaseous hydrocarbons
4.5 USD Billion
Petroleum oils and (2710) Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
4.36 USD Billion
Cyclic hydrocarbons (2902) Cyclic hydrocarbons
0.75 USD Billion
Fertilizers; mineral or (3102) Fertilizers; mineral or chemical, nitrogenous
0.72 USD Billion
Ease of Doing Business - Oman
Region
Middle East & North Africa
Category
High income
GNI per Capita
15,110 USD
City Covered
Muscat
68
Doing Business 2020 Rank
70
Doing Business 2020 Score
68.8
Doing Business 2019 Score
1.2
Change in Score (% points)
Useful Information - Oman
1