Oman Trade Balance

1975 - 2023 | Monthly | USD mn | CEIC Data

Key information about Oman's Trade Balance

  • Oman's Trade Balance recorded a surplus of 1.9 USD bn in Jun 2023, compared with a surplus of 1.4 USD bn in the previous month
  • Oman's Trade Balance data is updated monthly, available from Jan 1975 to Jun 2023, with an averaged value of 875.4 USD mn
  • The data reached an all-time high of 3.1 USD bn in May 2022 and a record low of -64.8 USD mn in Dec 2015
CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. The Royal Oman Police provides Total Exports and Total Imports in local currency. The Central Bank of Oman average market exchange rate is used for currency conversions.

Further information about Oman's Trade Balance

  • In the latest reports, Oman's Total Exports reached 4.5 USD bn in Jun 2023, a decrease of 0.7% YoY (year-on-year)
  • Total Imports recorded 3.6 USD bn in May 2023, an increase of 0.7% YoY (year-on-year)

View Oman's Trade Balance from Jan 1975 to Jun 2023 in the chart:

Oman Trade Balance

What was Oman's Trade Balance in Jun 2023?

Oman's Trade Balance recorded a surplus of 1.9 USD bn in Jun 2023, compared with a surplus of 1.4 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
1,870.2 Jun 2023 1,394.0 May 2023 -64.8 Dec 2015 3,133.7 May 2022 USD mn monthly Jan 1975 - Jun 2023

Trade Balance by Country Comparison

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Includes Trade Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -417.6 Aug 2023 monthly Oct 1998 - Aug 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) -989.0 Sep 2023 monthly Jan 1991 - Sep 2023
Armenia (USD mn) -160.8 Sep 2023 monthly Nov 1995 - Sep 2023
Australia (USD mn) 4,360.6 Sep 2023 monthly Jul 1971 - Sep 2023
Austria (USD mn) -54.2 Jul 2023 monthly Jan 1957 - Jul 2023
Azerbaijan (USD mn) 1,983.2 Aug 2023 monthly Jan 2000 - Aug 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -1,846.7 Aug 2023 monthly Jul 1986 - Aug 2023
Belarus (USD mn) 370.7 Sep 2023 monthly Jan 2000 - Sep 2023
Belgium (USD mn) 1,867.8 Aug 2023 monthly Jan 1993 - Aug 2023
Bolivia (USD mn) 24.0 Aug 2023 monthly Oct 1994 - Aug 2023
Bosnia and Herzegovina (USD mn) -595.8 Aug 2023 monthly Jan 2000 - Aug 2023
Botswana (USD mn) -26.7 Aug 2023 monthly Jan 2001 - Aug 2023
Brazil (USD mn) 8,958.4 Oct 2023 monthly Jan 1959 - Oct 2023
Brunei (USD mn) -13.1 Jun 2023 monthly Jan 2010 - Jun 2023
Bulgaria (USD mn) -437.4 Jul 2023 monthly Jan 1995 - Jul 2023
Cambodia (USD mn) -279.0 Oct 2023 monthly Jun 2013 - Oct 2023
Canada (USD mn) 1,506.2 Sep 2023 monthly Jan 1988 - Sep 2023
Chile (USD mn) 945.8 Oct 2023 monthly Jan 1968 - Oct 2023
China (USD mn) 56,528.1 Oct 2023 monthly Jan 1992 - Oct 2023
Colombia (USD mn) -1,341.3 Aug 2023 monthly Jan 1958 - Aug 2023
Croatia (USD mn) -1,528.9 Jul 2023 monthly Jan 1993 - Jul 2023
Cyprus (USD mn) -730.2 Aug 2023 monthly Jan 1957 - Aug 2023
Czech Republic (USD mn) 993.2 Aug 2023 monthly Jan 1996 - Aug 2023
Denmark (USD mn) -57.3 Sep 2023 monthly Jan 1997 - Sep 2023
Ecuador (USD mn) 525.4 Sep 2023 monthly Mar 1992 - Sep 2023
Egypt (USD mn) -3,883.7 Aug 2023 monthly Jan 1957 - Aug 2023
Estonia (USD mn) -320.0 Aug 2023 monthly Jan 1993 - Aug 2023
European Union (USD mn) 10,942.3 Aug 2023 monthly Jan 2002 - Aug 2023
Finland (USD mn) 389.5 Sep 2023 monthly Jan 1992 - Sep 2023
France (USD mn) -9,516.2 Sep 2023 monthly Jan 2000 - Sep 2023
Georgia (USD mn) -713.3 Sep 2023 monthly Jan 1995 - Sep 2023
Germany (USD mn) 17,832.9 Sep 2023 monthly Jan 1957 - Sep 2023
Ghana (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Greece (USD mn) -2,856.3 Sep 2023 monthly Jan 2002 - Sep 2023
Hong Kong SAR, China (USD mn) -8,249.3 Sep 2023 monthly Jan 1957 - Sep 2023
Hungary (USD mn) 725.1 Aug 2023 monthly Jan 1976 - Aug 2023
Iceland (USD mn) -107.2 Sep 2023 monthly Jan 1957 - Sep 2023
India (USD mn) -19,370.0 Sep 2023 monthly Jan 1957 - Sep 2023
Indonesia (USD mn) 3,475.6 Oct 2023 monthly Jan 1967 - Oct 2023
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 6,486.6 Aug 2023 monthly Jan 1970 - Aug 2023
Israel (USD mn) -1,945.5 Oct 2023 monthly Jan 1988 - Oct 2023
Italy (USD mn) 4,434.9 Aug 2023 monthly Jan 1993 - Aug 2023
Ivory Coast (USD mn) -3.6 Jul 2023 monthly Jan 1981 - Jul 2023
Japan (USD mn) -2,936.5 Sep 2023 monthly Apr 1995 - Sep 2023
Jordan (USD mn) 3,138.8 Sep 2023 monthly Jan 1972 - Sep 2023
Kazakhstan (USD mn) 1,592.6 Sep 2023 monthly Sep 1995 - Sep 2023
Kenya (USD mn) -770.9 Jul 2023 monthly Oct 1992 - Jul 2023
South Korea (USD mn) 1,627.2 Oct 2023 monthly Jan 1966 - Oct 2023
Kosovo (USD mn) -492.2 Jul 2023 monthly Jan 2003 - Jul 2023
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -772.6 Aug 2023 monthly Jan 2002 - Aug 2023
Laos (USD mn) 200.4 Jun 2023 quarterly Dec 1992 - Jun 2023
Latvia (USD mn) -552.3 Sep 2023 monthly Jan 1995 - Sep 2023
Lebanon (USD mn) -397.4 Aug 2023 monthly Jan 1993 - Aug 2023
Lithuania (USD mn) -404.5 Sep 2023 monthly Jan 1999 - Sep 2023
Luxembourg (USD mn) -778.9 Aug 2023 monthly Jan 1988 - Aug 2023
Macau SAR, China (USD mn) -1,326.7 Sep 2023 monthly Jan 1998 - Sep 2023
North Macedonia (USD mn) -222.8 Sep 2023 monthly Dec 1993 - Sep 2023
Malawi (USD mn) -42.8 Feb 2023 monthly Jan 1964 - Feb 2023
Malaysia (USD mn) 3,930.5 Sep 2023 monthly Jan 1990 - Sep 2023
Malta (USD mn) -247.2 Sep 2023 monthly Jan 1960 - Sep 2023
Mauritius (USD mn) -378.2 Aug 2023 monthly Jan 2006 - Aug 2023
Mexico (USD mn) -822.1 Sep 2023 monthly Jan 1993 - Sep 2023
Moldova (USD mn) -377.0 Aug 2023 monthly Jan 1992 - Aug 2023
Mongolia (USD mn) 482.4 Sep 2023 monthly Jan 1997 - Sep 2023
Montenegro (USD mn) -326.1 Sep 2023 monthly Jan 2005 - Sep 2023
Morocco (USD mn) -2,251.3 Aug 2023 monthly Jan 1957 - Aug 2023
Mozambique (USD mn) -60.6 Sep 2023 monthly Jan 2011 - Sep 2023
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -1,003.8 Oct 2023 monthly Aug 1974 - Oct 2023
Netherlands (USD mn) 14,201.2 Sep 2023 monthly Jan 1996 - Sep 2023
New Zealand (USD mn) -1,381.4 Sep 2023 monthly Jan 1960 - Sep 2023
Nigeria (USD mn) 2,864.8 Jun 2023 monthly Jan 2003 - Jun 2023
Norway (USD mn) 4,249.9 Sep 2023 monthly Jan 1957 - Sep 2023
Oman (USD mn) 1,870.2 Jun 2023 monthly Jan 1975 - Jun 2023
Pakistan (USD mn) -1,489.0 Sep 2023 monthly Jan 1968 - Sep 2023
Palestinian Territory (USD mn) -558.5 Jul 2023 monthly Jan 2011 - Jul 2023
Panama (USD mn) -753.6 Jul 2023 monthly Jan 1964 - Jul 2023
Paraguay (USD mn) 137.9 Oct 2023 monthly Jan 1994 - Oct 2023
Peru (USD mn) 1,200.1 Sep 2023 monthly Jan 1985 - Sep 2023
Philippines (USD mn) -3,511.0 Sep 2023 monthly Jan 1957 - Sep 2023
Poland (USD mn) 1,135.5 Aug 2023 monthly Jan 1986 - Aug 2023
Portugal (USD mn) -2,317.3 Sep 2023 monthly Jan 1957 - Sep 2023
Qatar (USD mn) 5,458.2 Sep 2023 monthly Jan 2014 - Sep 2023
Romania (USD mn) -2,295.9 Sep 2023 monthly Aug 1990 - Sep 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 221,307.4 2022 yearly 1957 - 2022
Serbia (USD mn) -612.4 Sep 2023 monthly Jan 2001 - Sep 2023
Singapore (USD mn) 3,624.6 Sep 2023 monthly Jan 1976 - Sep 2023
Slovakia (USD mn) 526.6 Aug 2023 monthly Jan 2004 - Aug 2023
Slovenia (USD mn) -1,277.8 Aug 2023 monthly Nov 1991 - Aug 2023
South Africa (USD mn) 692.9 Sep 2023 monthly Oct 2004 - Sep 2023
Spain (USD mn) -3,304.6 Aug 2023 monthly Sep 1973 - Aug 2023
Sri Lanka (USD mn) -377.5 Sep 2023 monthly Jan 1982 - Sep 2023
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 198.5 Sep 2023 monthly Jan 1957 - Sep 2023
Switzerland (USD mn) 7,446.3 Sep 2023 monthly Jan 1957 - Sep 2023

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Oman Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.6 Jun 2023 quarterly Dec 2005 - Jun 2023
Consolidated Fiscal Balance (USD mn) 46.814 Sep 2023 monthly Jun 2003 - Sep 2023
Tax Revenue (USD mn) 3,304.518 2021 yearly 1996 - 2021
Tax Revenue: % of GDP (%) 3.7 2021 yearly 1996 - 2021
National Government Debt (USD mn) 46,137.8 2022 yearly 1990 - 2022
Government Debt: % of GDP (%) 40.2 2022 yearly 1990 - 2022
Forecast: Government Expenditure (OMR bn) 11.499 2028 yearly 1990 - 2028
Forecast: Government Net Debt (OMR bn) 13.559 2028 yearly 1990 - 2028
Forecast: Government Revenue (OMR bn) 12.441 2028 yearly 1990 - 2028
Government Revenue: Corporate Income Tax (OMR mn) 15.000 Aug 2023 monthly Jan 2006 - Aug 2023
Government Expenditure: Current (OMR mn) 714.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Financing (OMR mn) -567.000 Sep 2023 monthly Jan 2006 - Sep 2023
Government Expenditure: Investment (OMR mn) 99.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Surplus or Deficit: Fiscal (OMR mn) 18.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Expenditure (OMR mn) 946.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Surplus or Deficit: Remaining (OMR mn) -549.000 Sep 2023 monthly Jan 2006 - Sep 2023
Government Revenue (OMR mn) 964.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Revenue: Current (OMR mn) 120.000 Sep 2023 monthly Mar 2012 - Sep 2023
Government Debt (OMR mn) 17,740.000 2022 yearly 2001 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.354 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,870.2 Jun 2023 monthly Jan 1975 - Jun 2023
Total Exports (USD mn) 4,450.2 Jun 2023 monthly Mar 2003 - Jun 2023
Total Exports Growth (%) -9.5 Sep 2023 monthly Mar 2004 - Sep 2023
Aluminum: Exports (USD th) 2,089,297.342 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 155,305.875 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 4,561.969 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,565.7 May 2023 monthly Jan 1975 - May 2023
Total Imports Growth (%) 0.7 Mar 2023 monthly Jan 1976 - Mar 2023
Imports: Medicament (USD th) 394,025.071 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 155,778.457 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 89.758 Jul 2023 monthly Oct 1986 - Jul 2023
Total Imports from USA (USD mn) 84.411 Jul 2023 monthly Jan 1981 - Jul 2023
Total Exports to China (USD mn) 47.074 Jun 2017 monthly Nov 2009 - Jun 2017
Total Imports from China (USD mn) 205.462 Jun 2023 monthly Jun 1984 - Jun 2023
Exports: Non Oil (OMR mn) 569.757 Jun 2023 monthly Jan 2006 - Jun 2023
Exports: Non Oil: United Arab Emirates (OMR mn) 77.000 Jun 2023 monthly Jan 2006 - Jun 2023
Imports: Saudi Arabia (OMR mn) 104.000 Jun 2023 monthly Jan 2011 - Jun 2023
Exports: Crude Oil: India (Barrel th) 0.000 Sep 2023 monthly Nov 2010 - Sep 2023
Exports: Crude Oil: Japan (Barrel th) 0.000 Sep 2023 monthly Feb 2006 - Sep 2023
Exports: Crude Oil (Barrel th) 25,279.400 Sep 2023 monthly Feb 2006 - Sep 2023
Exports: Crude Oil: China (Barrel th) 23,959.500 Sep 2023 monthly Feb 2006 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 944.1 2022 yearly 2001 - 2022
Current Account Balance (USD mn) 5,752.9 2022 yearly 1974 - 2022
Current Account Balance: % of GDP (%) -4.9 2021 yearly 1980 - 2021
Foreign Direct Investment (USD mn) 5,479.8 2022 yearly 1970 - 2022
Foreign Direct Investment: % of GDP (%) 4.8 2022 yearly 1970 - 2022
Foreign Portfolio Investment (USD mn) -2,101.430 2022 yearly 1996 - 2022
Foreign Portfolio Investment: % of GDP (%) -1.8 2022 yearly 1996 - 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 618.5 2021 yearly 1974 - 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 4,338.882 2021 yearly 1974 - 2021
Forecast: Current Account Balance (USD bn) 1.957 2028 yearly 1980 - 2028
OM: BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 0.000 2021 yearly 2017 - 2021
OM: BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liab... (USD mn) 0.000 2021 yearly 2017 - 2021
BoP: Current Account: Transfers (OMR mn) -3,774.000 2017 yearly 1996 - 2017
Foreign Direct Investment: United Kingdom (OMR mn) 10,150.500 2022 yearly 2005 - 2022
Foreign Direct Investment: Kuwait (OMR mn) 927.500 2022 yearly 2005 - 2022
Foreign Direct Investment: India (OMR mn) 255.200 2022 yearly 2005 - 2022
Foreign Direct Investment: United States of America (OMR mn) 2,734.500 2022 yearly 2005 - 2022
Foreign Direct Investment: United Arab Emirates (OMR mn) 1,083.400 2022 yearly 2005 - 2022
Foreign Direct Investment: Oil and Gas (OMR mn) 14,157.700 2022 yearly 2005 - 2022
Foreign Direct Investment: Manufacturing (OMR mn) 1,549.100 2022 yearly 2005 - 2022
Foreign Direct Investment: Financial Intermediation (OMR mn) 1,481.700 2022 yearly 2005 - 2022
Foreign Direct Investment: Construction (OMR mn) 154.400 2022 yearly 2005 - 2022
Foreign Direct Investment: Real Estate, Renting and Business Activities (OMR mn) 1,037.700 2022 yearly 2005 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.4 Jun 2023 quarterly Jun 2008 - Jun 2023
Non-Performing Loans (USD mn) 477.503 Jun 2023 quarterly Mar 2008 - Jun 2023
Money Supply M1 (USD mn) 14,757.607 Sep 2023 monthly Jan 1999 - Sep 2023
Money Supply M2 (USD mn) 56,390.897 Sep 2023 monthly Jan 1999 - Sep 2023
M2 Growth (%) 4.5 Sep 2023 monthly Jan 2000 - Sep 2023
Reserve Requirement Ratio (%) 5.0 Oct 2023 monthly Jun 2006 - Oct 2023
Foreign Exchange Reserves (USD mn) 14,819.5 Sep 2023 monthly Apr 1970 - Sep 2023
Foreign Exchange Reserves: % of GDP (%) 13.962 Jun 2023 quarterly Dec 2005 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 6.1 Jun 2023 monthly Jan 1975 - Jun 2023
Gold Reserves (USD mn) 179.974 Sep 2023 monthly Dec 1969 - Sep 2023
Total Deposits (USD mn) 58,367.241 Sep 2023 monthly Jan 2000 - Sep 2023
Total Deposits Growth (%) 4.1 Sep 2023 monthly Jan 2001 - Sep 2023
Domestic Credit (USD mn) 67,786.7 Sep 2023 monthly Dec 1999 - Sep 2023
Domestic Credit Growth (%) 3.2 Sep 2023 monthly Dec 2000 - Sep 2023
Total Loans (USD mn) 63,806.242 Sep 2023 monthly Dec 1998 - Sep 2023
Total Loans Growth (%) 4.42 Sep 2023 monthly Dec 1999 - Sep 2023
Private Debt: % of Nominal GDP (%) 46.84 Jun 2023 quarterly Dec 2005 - Jun 2023

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