Oman

In 2013, the value of merchandise exports of Oman increased moderately by 6.4 percent to reach 55.5 bln US$, while its merchandise imports increased substantially by 22.1 percent to reach 34.3 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate surplus of 21.2 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Western Asia at -5.7 bln US$ (see graph 4). Merchandise exports in Oman were highly concentrated amongst partners; imports were diversified. The top 6 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Oman increased substantially by 33.8 percent, reaching 2.9 bln US$, while its imports of services increased substantially by 22.9 percent and reached 8.7 bln US$ (see graph 2). There was a large trade in services deficit of 5.8 bln US$.

Related Subject(s): International Trade and Finance

Countries: Oman