• Analysis and Studies
• Oman: a look at the market

Overview
In 2023, Oman ranked as the 66th largest economy in the world by GDP (current US$). It was the
48th largest exporter, the 63rd largest importer, and ranked 62nd in GDP per capita (current US$).
According to the Economic Complexity Index (ECI), Oman was the 76th most complex economy
globally.

Exports

Oman’s top export products in 2023 included:

Crude Petroleum – $29.3 billion
Refined Petroleum – $10.3 billion
Petroleum Gas – $6.53 billion
Semi-Finished Iron – $3.27 billion
Nitrogenous Fertilizers – $2.61 billion

Its main export destinations were:

China – $30.2 billion
India – $4.5 billion
Saudi Arabia – $3.64 billion
United Arab Emirates – $3.49 billion
South Africa – $2.57 billion

Imports

Oman’s top imported products in 2023 were:

Refined Petroleum – $7.07 billion
Cars – $2.33 billion
Crude Petroleum – $1.57 billion
Iron Ore – $1.3 billion
Broadcasting Equipment – $802 million

The country’s main import partners were:

United Arab Emirates – $10.1 billion
Saudi Arabia – $4.99 billion
India – $3.23 billion
China – $2.84 billion
Qatar – $2.17 billion

Notably, in 2023, Oman was the world's largest importer of Cyclic Alcohols, with total imports
valued at $326 million.

Geographical Location
Oman shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen.
It also has maritime borders with Iran and Pakistan.

Source: https://oec.world/