Net trade in goods and services in Oman
Oman: Net trade in goods and services was 18.53 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Oman, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Oman is 18.53 billion BoP, current US$, measured in 2024.
The figure is up 4.3% on the previous year and down 1.6% over ten years.
Over the whole period, net trade in goods and services in Oman peaked at 22.46 billion BoP, current US$ in 2022 and was at its lowest, -1.20 billion BoP, current US$, in 1998.
Oman ranks 25th of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 457.01 million BoP, current US$ | 255.65 million BoP, current US$ | 767.23 million BoP, current US$ | 6 |
| 1980s | 1.15 billion BoP, current US$ | -123.04 million BoP, current US$ | 1.79 billion BoP, current US$ | 10 |
| 1990s | 1.08 billion BoP, current US$ | -1.20 billion BoP, current US$ | 2.23 billion BoP, current US$ | 10 |
| 2000s | 6.61 billion BoP, current US$ | 3.09 billion BoP, current US$ | 12.96 billion BoP, current US$ | 10 |
| 2010s | 11.70 billion BoP, current US$ | -124.40 million BoP, current US$ | 20.41 billion BoP, current US$ | 10 |
| 2020s | 13.99 billion BoP, current US$ | 1.86 billion BoP, current US$ | 22.46 billion BoP, current US$ | 5 |
Countries ranked near Oman
- 22 Saudi Arabia 22.16 billion BoP, current US$ compare
- 23 Macao 20.92 billion BoP, current US$ compare
- 24 Sweden 20.27 billion BoP, current US$ compare
- 26 Hong Kong 16.59 billion BoP, current US$ compare
- 27 Kuwait 16.28 billion BoP, current US$ compare
- 28 Chile 14.91 billion BoP, current US$ compare
More economy & growth data for Oman
- External balance on goods and services as a percent of GDP 17.3% (2024)
- Inflation of consumer prices 1.0% (2025)
- GDP per capita 17,074 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 9.4% (2025)
- Gross domestic product (GDP) 93.82 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,074 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.3845 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -3.57 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -9.29 billion current US$ (2024)
- Taxes less subsidies on products -228.64 million current LCU (2025)
Frequently asked questions
- What is net trade in goods and services in Oman?
- Net trade in goods and services in Oman was 18.53 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Oman?
- The highest recorded value was 22.46 billion BoP, current US$ in 2022.
- What is the lowest net trade in goods and services recorded in Oman?
- The lowest recorded value was -1.20 billion BoP, current US$ in 1998.
- How does Oman rank for net trade in goods and services?
- Oman ranks 25th out of 198 countries with data for 2024.
- Is net trade in goods and services rising or falling in Oman?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.