Oman

In 2012, the value of merchandise exports of Oman increased substantially by 10.7 percent to reach 52.1 bln US$, while its merchandise imports increased substantially by 19.0 percent to reach 28.1 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate surplus of 24.0 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Western Asia at -4.5 bln US$ (see graph 4). Merchandise exports in Oman were highly concentrated amongst partners; imports were diversified. The top 2 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2010, the value of exports of services of Oman increased moderately by 8.7 percent, reaching 1.8 bln US$, while its imports of services increased substantially by 19.3 percent and reached 11.7 bln US$ (see graph 2). There was a large trade in services deficit of 10.0 bln US$.

Related Subject(s): International Trade and Finance

Countries: Oman