2022
Exports
$32.8BWorld Rnk 14 / 149
Flag Rnk 1 / 1042
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$142kWorld Rnk 104 / 158
Flag Rnk 978 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $32.8B in Crude Petroleum, making it the 14th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Oman. The main destination of Crude Petroleum exports from Oman are: China ($25.2B), India ($3.64B), Chinese Taipei ($2.03B), Japan ($1.04B), and South Korea ($357M).

The fastest growing export markets for Crude Petroleum of Oman between 2021 and 2022 were China ($5.53B), Chinese Taipei ($939M), and India ($817M).

Imports In 2022, Oman imported $142k in Crude Petroleum, becoming the 104th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 978th most imported product in Oman. Oman imports Crude Petroleum primarily from: United Arab Emirates ($140k), Netherlands ($1.05k), and Qatar ($984).

The fastest growing import markets in Crude Petroleum for Oman between 2021 and 2022 were United Arab Emirates ($30.6k), Netherlands ($1.05k), and Qatar ($790).

Historical Data

Trade Balance

Color
EXPORTS (2022)$32.8B
IMPORTS (2022)$142k
NET TRADE (2022)$32.8B

In 2022, Oman exported $32.8B in Crude Petroleum. The main destinations of Oman exports on Crude Petroleum were China ($25.2B), India ($3.64B), Chinese Taipei ($2.03B), Japan ($1.04B), and South Korea ($357M).

In 2022, Oman imported $142k in Crude Petroleum, mainly from United Arab Emirates ($140k), Netherlands ($1.05k), and Qatar ($984).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Oman WERE (2021 - 2022):
China$5.53B (28.1%)
Chinese Taipei$939M (85.8%)
India$817M (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Oman WERE (2021 - 2022):
Singapore-$83M (-68.7%)
Philippines-$60.7M (-100%)
South Korea-$58.9M (-14.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Crude Petroleum were:
In 2022, Oman's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.64B
TOP IMPORT POTENTIALUnited Arab Emirates+ $376k

Crude Petroleum’s highest export potential is India. With an export gap of $1.64B.   Crude Petroleum’s highest import potential is United Arab Emirates with an import gap of $376k.

See methodology.

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