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2022
Flag → Flag
Exports $1.09BRnk 78 / 219
2022
Flag → Flag
Top Product $292MCars
2022
Flag → Flag
Exports $2.71BRnk 5 / 171
2022
Flag → Flag
Top Product $503MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
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GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

United States-Oman Trade: In 2022, United States exported $1.09B to Oman. The main products that United States exported to Oman were Cars ($292M), Petroleum Coke ($75.2M), and Reaction and Catalytic Products ($52.6M). Over the past 5 years the exports of United States to Oman have decreased at an annualized rate of 3.33%, from $1.3B in 2017 to $1.09B in 2022.

In 2017, United States exported services to Oman worth $483M, with Financial services ($151M), Travel ($134M), and Other business services ($52M) being the largest in terms of value.

Oman-United States Trade: In 2022, Oman exported $2.71B to United States. The main products that Oman exported to United States were Nitrogenous Fertilizers ($503M), Aluminium Plating ($450M), and Raw Plastic Sheeting ($410M). Over the past 5 years the exports of Oman to United States have increased at an annualized rate of 25.2%,  from $882M in 2017 to $2.71B in 2022.

In 2022, Oman did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Company data: In 2023, leading companies such as Dekalb Farmers Market (158), Emser Tile (21), and Fyffes (14) were at the forefront of exporting goods from Oman to the United States. Conversely, Frutas Tropicales Ibarra Spr De Rl (157), Other (31), and Productos Agropecuarios Ramamy S. D (4) were notable for importing products to Oman from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $319M and imported $102M from Oman, resulting in a positive trade balance of $217M. Between August 2023 and August 2024 the exports of United States have increased by $179M (128%) from $140M to $319M, while imports decreased by $-47.4M (-31.7%) from $149M to $102M.

Trade In August 2024, the top exports of United States to Oman were Cars ($40.6M), Gold ($8.38M), Other Construction Vehicles ($6.61M), Commodities not elsewhere specified ($5.22M), and Ethylene Polymers ($4.07M). In August 2024 the top imports of United States from Oman were Raw Plastic Sheeting ($23.5M), Aluminium Plating ($20.7M), Polyacetals ($17.8M), Cyclic Hydrocarbons ($12.4M), and Jewellery ($10.9M).

Origins In August 2024 the exports of United States were mainly from Washington ($175M), Texas ($31.9M), Florida ($23.5M), New York ($21.1M), and New Jersey ($13.7M), while imports destinations were mainly New York ($24.2M), Texas ($10.5M), Virginia ($6.63M), Georgia ($6.39M), and Connecticut ($6.23M).

Growth In August 2024, the increase in United States's year-by-year exports to Oman was explained primarily by an increase in product exports in Cars ($17.4M or 74.9%), Gold ($6.09M or 267%), and Gas Turbines ($2.49M or 817%). In August 2024, the decrease in United States's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Iron Nails ($-12.1M or -95.2%), Other Small Iron Pipes ($-10.9M or -86%), and Raw Plastic Sheeting ($-9.24M or -28.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$179M(128%)
IMPORT GROWTH (August 2023 - August 2024)$-47.4M(-31.7%)
MAIN EXPORTER (August 2024)Washington$175M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Oman and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $1.09B to Oman. The main products exported from United States to Oman were Cars ($292M), Petroleum Coke ($75.2M), and Reaction and Catalytic Products ($52.6M). During the last 5 years the exports of United States to Oman have decreased at an annualized rate of 3.33%, from $1.3B in 2017 to $1.09B in 2022.

In 2017, Oman exported $2.71B to United States. The main products exported from Oman to United States were Nitrogenous Fertilizers ($503M), Aluminium Plating ($450M), and Raw Plastic Sheeting ($410M). During the last 5 years the exports of Oman to United States have increased at an annualized rate of 25.2%, from $882M in 2022 to $2.71B in 2017.

Exports from United States (Flag) to Oman (Flag) (2022)

Exports from Oman (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Oman
Top DestinationChina$30.4B

This map shows whether countries import more from United States or Oman. Each country is colored based on the difference in imports they receive from United States and Oman or the difference in the growth in imports.

In 2022, countries that imported more from United States than Oman included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Oman than United States included Iran ($539M), Mauritius ($544M), and Madagascar ($337M).

Difference in imports from Oman (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Oman

Flow
Scale

This chart compares trade between United States and Oman by product, considering products traded by both, United States and Oman.

During 2022, United States had a large net trade with Oman in the exports of Transportation ($374M), Machines ($166M), and Mineral Products ($122M).

During 2017, Oman had a large net trade with United States in the exports of Metals ($869M), Plastics and Rubbers ($818M), and Chemical Products ($556M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Oman+$113MRefined Petroleum
Top Product Potential Oman United States+$166MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Oman. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Oman (Flag) (2022)

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