Oman Trade Balance

1975 - 2021 | Monthly | USD mn | CEIC Data

Key information about Oman's Trade Balance

  • Oman's Trade Balance recorded a surplus of 1.7 USD bn in May 2021, compared with a surplus of 1.6 USD bn in the previous month.
  • Oman's Trade Balance data is updated monthly, available from Jan 1975 to May 2021, with an averaged value of 801.4 USD mn.
  • The data reached an all-time high of 2.5 USD bn in Sep 2014 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 Directorate General of Customs provides Total Exports and Total Imports in local currency. The Central Bank of Oman average market exchange rate is used for currency conversions.
  • In the latest reports, Oman's Total Exports reached 3.2 USD bn in May 2021, an increase of 17.8% YoY (year-on-year).
  • Total Imports recorded 1.5 USD bn in May 2021, an increase of 17.8% YoY (year-on-year).

View Oman's Trade Balance from Jan 1975 to May 2021 in the chart:

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Oman Trade Balance
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Oman Trade Balance

What was Oman's Trade Balance in May 2021?

Oman's Trade Balance recorded a surplus of 1.7 USD bn in May 2021, compared with a surplus of 1.6 USD bn in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1,702.2 May 2021 1,602.9 Apr 2021 -64.8 Dec 2015 2,533.7 Sep 2014 USD mn monthly Jan 1975 - May 2021

Trade Balance by Country Comparison

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country/region Last Frequency Range
Albania (USD mn) -381.8 Jul 2021 monthly Oct 1998 - Jul 2021
Algeria (USD mn) -791.7 Jan 2020 monthly Jan 2000 - Jan 2020
Argentina (USD mn) 1,576.3 Jul 2021 monthly Jan 1991 - Jul 2021
Armenia (USD mn) -198.9 Jul 2021 monthly Nov 1995 - Jul 2021
Australia (USD mn) 8,729.8 Jul 2021 monthly Jul 1971 - Jul 2021
Austria (USD mn) -1,875.0 Jun 2021 monthly Jan 1957 - Jun 2021
Azerbaijan (USD mn) 386.7 Jun 2021 monthly Jan 2000 - Jun 2021
Bahrain (USD mn) -127.1 2020 yearly 1966 - 2020
Bangladesh (USD mn) -2,575.5 Jun 2021 monthly Jul 1986 - Jun 2021
Belarus (USD mn) 303.1 Jul 2021 monthly Jan 2000 - Jul 2021
Belgium (USD mn) 2,078.3 May 2021 monthly Jan 1993 - May 2021
Bolivia (USD mn) 194.8 Jul 2021 monthly Oct 1994 - Jul 2021
Bosnia and Herzegovina (USD mn) -310.7 Mar 2021 monthly Jan 2000 - Mar 2021
Botswana (USD mn) -57.0 Jun 2021 monthly Jan 2001 - Jun 2021
Brazil (USD mn) 7,637.5 Aug 2021 monthly Jan 1959 - Aug 2021
Brunei (USD mn) -385.2 Jun 2021 monthly Jan 2003 - Jun 2021
Bulgaria (USD mn) -498.1 Jun 2021 monthly Jan 1995 - Jun 2021
Cambodia (USD mn) -973.0 Jun 2021 monthly Jun 2013 - Jun 2021
Canada (USD mn) 621.0 Jul 2021 monthly Jan 1988 - Jul 2021
Chile (USD mn) 5.6 Aug 2021 monthly Jan 1968 - Aug 2021
China (USD mn) 58,331.2 Aug 2021 monthly Jan 1981 - Aug 2021
Colombia (USD mn) -1,876.0 Jun 2021 monthly Jan 1958 - Jun 2021
Croatia (USD mn) -858.4 May 2021 monthly Jan 1993 - May 2021
Cyprus (USD mn) -538.5 Jul 2021 monthly Jan 1957 - Jul 2021
Czech Republic (USD mn) 913.0 Jul 2021 monthly Jan 1996 - Jul 2021
Denmark (USD mn) 507.3 Jul 2021 monthly Jan 1997 - Jul 2021
Ecuador (USD mn) 22.2 Jul 2021 monthly Jan 1965 - Jul 2021
Egypt (USD mn) -2,876.0 Jul 2021 monthly Jan 1957 - Jul 2021
Estonia (USD mn) -186.0 Jul 2021 monthly Jan 1993 - Jul 2021
European Union (USD mn) 10,161.4 Jun 2021 monthly Jan 2002 - Jun 2021
Finland (USD mn) -543.8 Jul 2021 monthly Jan 1992 - Jul 2021
France (USD mn) -8,223.9 Jul 2021 monthly Jan 2000 - Jul 2021
Georgia (USD mn) -462.1 Jul 2021 monthly Jan 1995 - Jul 2021
Germany (USD mn) 21,171.4 Jul 2021 monthly Jan 1957 - Jul 2021
Ghana (USD mn) 392.3 Dec 2020 monthly Mar 2005 - Dec 2020
Greece (USD mn) -2,507.3 Jul 2021 monthly Jan 2002 - Jul 2021
Hong Kong SAR, China (USD mn) -4,501.8 Jul 2021 monthly Jan 1957 - Jul 2021
Hungary (USD mn) -235.4 Jul 2021 monthly Jan 1976 - Jul 2021
Iceland (USD mn) -85.4 Jul 2021 monthly Jan 1957 - Jul 2021
India (USD mn) -13,870.0 Aug 2021 monthly Jan 1957 - Aug 2021
Indonesia (USD mn) 2,598.6 Jul 2021 monthly Jan 1967 - Jul 2021
Iran (USD mn) 594,735,573.2 2015 yearly 1950 - 2015
Ireland (USD mn) 6,096.2 May 2021 monthly Jan 1970 - May 2021
Israel (USD mn) -3,117.5 Jul 2021 monthly Jan 1988 - Jul 2021
Italy (USD mn) 5,613.2 Jun 2021 monthly Jan 1993 - Jun 2021
Ivory Coast (USD mn) -32.3 May 2021 monthly Jan 1981 - May 2021
Japan (USD mn) 478.3 Jul 2021 monthly Apr 1995 - Jul 2021
Jordan (USD mn) -842.1 Jun 2021 monthly Jan 1972 - Jun 2021
Kazakhstan (USD mn) 1,655.9 May 2021 monthly Sep 1995 - May 2021
Kenya (USD mn) -959.3 Jun 2021 monthly Oct 1992 - Jun 2021
South Korea (USD mn) 1,646.2 Aug 2021 monthly Jan 1957 - Aug 2021
Kosovo (USD mn) -434.7 Jul 2021 monthly Jan 2003 - Jul 2021
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -331.5 Jun 2021 monthly Jan 2002 - Jun 2021
Laos (USD mn) 250.6 Dec 2020 quarterly Dec 1992 - Dec 2020
Latvia (USD mn) -472.3 Jul 2021 monthly Jan 1995 - Jul 2021
Lebanon (USD mn) -723.4 Nov 2020 monthly Jan 1993 - Nov 2020
Lithuania (USD mn) -333.8 Jun 2021 monthly Jan 1999 - Jun 2021
Luxembourg (USD mn) -699.0 Jun 2021 monthly Jan 1988 - Jun 2021
Macau SAR, China (USD mn) -1,783.1 Jul 2021 monthly Jan 1998 - Jul 2021
North Macedonia (USD mn) -252.9 Jul 2021 monthly Dec 1993 - Jul 2021
Malawi (USD mn) -112.8 Jan 2021 monthly Jan 1964 - Jan 2021
Malaysia (USD mn) 2,895.9 Jul 2021 monthly Jan 1990 - Jul 2021
Malta (USD mn) -616.7 Jul 2021 monthly Jan 1960 - Jul 2021
Mauritius (USD mn) -247.2 Jun 2021 monthly Jan 2006 - Jun 2021
Mexico (USD mn) -2,905.9 Mar 2021 monthly Jan 1993 - Mar 2021
Moldova (USD mn) -362.9 Jun 2021 monthly Jan 2004 - Jun 2021
Mongolia (USD mn) 53.3 Jul 2021 monthly Jan 1997 - Jul 2021
Montenegro (USD mn) -278.3 Jul 2021 monthly Jan 2005 - Jul 2021
Morocco (USD mn) -2,228.9 Jul 2021 monthly Jan 1957 - Jul 2021
Mozambique (USD mn) -177.1 Dec 2020 monthly Jan 2011 - Dec 2020
Myanmar (USD mn) 80.3 Mar 2021 monthly Jan 1957 - Mar 2021
Nepal (USD mn) -1,149.5 Jul 2021 monthly Aug 1974 - Jul 2021
Netherlands (USD mn) 6,898.7 Jul 2021 monthly Jan 1996 - Jul 2021
New Zealand (USD mn) -280.5 Jul 2021 monthly Jan 1957 - Jul 2021
Nigeria (USD mn) -1,658.6 Jun 2021 monthly Jan 2003 - Jun 2021
Norway (USD mn) 4,803.3 Jul 2021 monthly Jan 1957 - Jul 2021
Oman (USD mn) 1,702.2 May 2021 monthly Jan 1975 - May 2021
Pakistan (USD mn) -4,229.0 Aug 2021 monthly Jan 1968 - Aug 2021
Palestinian Territory (USD mn) -352.0 Feb 2021 monthly Jan 2011 - Feb 2021
Panama (USD mn) -476.0 Jun 2021 monthly Jan 1964 - Jun 2021
Paraguay (USD mn) 34.2 Aug 2021 monthly Jan 1994 - Aug 2021
Peru (USD mn) 916.3 Jul 2021 monthly Jan 1957 - Jul 2021
Philippines (USD mn) -3,290.9 Jul 2021 monthly Jan 1957 - Jul 2021
Poland (USD mn) 711.1 Jun 2021 monthly Jan 1986 - Jun 2021
Portugal (USD mn) -1,765.0 Jul 2021 monthly Jan 1957 - Jul 2021
Qatar (USD mn) 3,620.9 Mar 2021 monthly Jan 2014 - Mar 2021
Romania (USD mn) -2,583.6 Jul 2021 monthly Aug 1990 - Jul 2021
Russia (USD mn) 23,516.8 Jul 2021 monthly Jan 1998 - Jul 2021
Saudi Arabia (USD mn) 35,856.4 2020 yearly 1957 - 2020
Serbia (USD mn) -728.2 Jul 2021 monthly Jan 2001 - Jul 2021
Singapore (USD mn) 2,931.5 Jul 2021 monthly Jan 1976 - Jul 2021
Slovakia (USD mn) -12.7 Jul 2021 monthly Jan 2004 - Jul 2021
Slovenia (USD mn) -44.3 Jul 2021 monthly Nov 1991 - Jul 2021
South Africa (USD mn) 2,542.9 Jul 2021 monthly Oct 2004 - Jul 2021
Spain (USD mn) -2,396.8 Jun 2021 monthly Jan 1985 - Jun 2021
Sri Lanka (USD mn) -606.6 Jul 2021 monthly Jan 1982 - Jul 2021
Sudan (USD mn) -223.4 Mar 2021 monthly Jan 2003 - Mar 2021
Sweden (USD mn) 823.1 Jul 2021 monthly Jan 1957 - Jul 2021
Switzerland (USD mn) 6,736.5 Jul 2021 monthly Jan 1957 - Jul 2021

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Oman Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -13.8 Sep 2020 quarterly Dec 2005 - Sep 2020
Consolidated Fiscal Balance (USD mn) -883.485 Nov 2020 monthly Jun 2003 - Nov 2020
Tax Revenue (USD mn) 3,121.711 2019 yearly 1996 - 2019
Tax Revenue: % of GDP (%) 4.1 2019 yearly 1996 - 2019
National Government Debt (USD mn) 42,581.5 2019 yearly 1990 - 2019
Government Debt: % of GDP (%) 55.8 2019 yearly 1990 - 2019
Forecast: Government Expenditure (OMR bn) 11.882 2026 yearly 1990 - 2026
Forecast: Government Net Debt (OMR bn) 19.727 2026 yearly 1990 - 2026
Forecast: Government Revenue (OMR bn) 11.967 2026 yearly 1990 - 2026
Government Expenditure: Current (OMR mn) 712.900 Jun 2021 monthly Jun 2003 - Jun 2021
Government Expenditure (OMR mn) 1,028.200 Jun 2021 monthly Jun 2003 - Jun 2021
Government Revenue (OMR mn) 810.300 Jun 2021 monthly Jun 2003 - Jun 2021
Government Revenue: Corporate Income Tax (OMR mn) 14.000 Jun 2021 monthly Jan 2006 - Jun 2021
Government Expenditure: Investment (OMR mn) 95.300 Jun 2021 monthly Jun 2003 - Jun 2021
Government Surplus or Deficit: Fiscal (OMR mn) -217.900 Jun 2021 monthly Jun 2003 - Jun 2021
Government Financing (OMR mn) 724.500 Nov 2020 monthly Jan 2006 - Nov 2020
Government Surplus or Deficit: Remaining (OMR mn) 384.800 Nov 2020 monthly Jan 2006 - Nov 2020
Government Debt (OMR mn) 16,372.600 2019 yearly 2001 - 2019
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.986 2026 yearly 1980 - 2026
Trade Balance (USD mn) 1,702.2 May 2021 monthly Jan 1975 - May 2021
Total Exports (USD mn) 3,246.8 May 2021 monthly Mar 2003 - May 2021
Total Exports Growth (%) 72.2 May 2021 monthly Mar 2004 - May 2021
Aluminum: Exports (USD th) 608,968.066 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 80,253.436 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 4,663.564 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,544.6 May 2021 monthly Jan 1975 - May 2021
Total Imports Growth (%) 17.8 May 2021 monthly Jan 1976 - May 2021
Imports: Medicament (USD th) 223,623.077 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 76,158.372 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 35.497 Oct 2020 monthly Oct 1986 - Oct 2020
Total Imports from USA (USD mn) 24.467 Jan 2021 monthly Jan 1981 - Jan 2021
Total Exports to China (USD mn) 47.074 Jun 2017 monthly Nov 2009 - Jun 2017
Total Imports from China (USD mn) 227.568 Dec 2020 monthly Jun 1984 - Dec 2020
Exports: Crude Oil (Barrel th) 24,165.000 Jul 2021 monthly Feb 2006 - Jul 2021
Exports: Crude Oil: India (Barrel th) 1,979.100 Jul 2021 monthly Nov 2010 - Jul 2021
Exports: Crude Oil: Japan (Barrel th) 1,001.900 Jul 2021 monthly Feb 2006 - Jul 2021
Exports: Crude Oil: China (Barrel th) 19,185.000 Jul 2021 monthly Feb 2006 - Jul 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 535.8 2020 yearly 2001 - 2020
Current Account Balance (USD mn) -8,660.6 2020 yearly 1974 - 2020
Current Account Balance: % of GDP (%) -12.0 2020 yearly 1980 - 2020
Foreign Direct Investment (USD mn) 2,860.9 2020 yearly 1970 - 2020
Foreign Direct Investment: % of GDP (%) 4.0 2020 yearly 1970 - 2020
Foreign Portfolio Investment (USD mn) 3,274.382 2020 yearly 1996 - 2020
Foreign Portfolio Investment: % of GDP (%) 4.0 2019 yearly 1996 - 2019
Foreign Portfolio Investment: Equity Securities (USD mn) 59.8 2019 yearly 1974 - 2019
Foreign Portfolio Investment: Debt Securities (USD mn) 0.000 2019 yearly 1974 - 2019
Forecast: Current Account Balance (USD bn) -1.564 2026 yearly 1980 - 2026
BoP: Current Account: Transfers (OMR mn) -3,774.000 2017 yearly 1996 - 2017
BoP: Current Account: GI: GS: Services: Debit (OMR mn) -3,204.000 2020 yearly 1996 - 2020
BoP: Current Account: GI: GS: Services (OMR mn) -2,350.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Foreign Direct Investment (OMR mn) 894.000 2020 yearly 1996 - 2020
BoP: Current Account: GI: GS: Goods: Exports (OMR mn) 11,730.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Other Investment: Liabilities (OMR mn) 324.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Other Investment: Assets (OMR mn) 520.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Portfolio Investment (OMR mn) 862.000 2020 yearly 1996 - 2020
BoP: Current Account: GI: GS: Goods: Imports (OMR mn) -7,264.000 2020 yearly 1996 - 2020
BoP: CF: Capital Account: Grants: Credit (OMR mn) 80.000 2020 yearly 1996 - 2020
BoP: Current Account: GI: GS: Goods (OMR mn) 4,466.000 2020 yearly 1996 - 2020
BoP: Current Account: GI: Income: Credit (OMR mn) 280.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Portfolio Investment: Assets (OMR mn) -397.000 2020 yearly 2001 - 2020
BoP: CF: Financial Account (OMR mn) 2,600.000 2020 yearly 1996 - 2020
BoP: Current Account: GI: Income: Debit (OMR mn) -2,353.000 2020 yearly 1996 - 2020
BoP: CF: Capital Account: Grants: Debit (OMR mn) 11.000 2020 yearly 1996 - 2020
BoP: Current Account: GI: Income (OMR mn) -2,073.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Foreign Direct Investment: Liabilities (OMR mn) 1,100.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Other Investment (OMR mn) 843.000 2020 yearly 1996 - 2020
BoP: CF: Capital Account (OMR mn) 91.000 2020 yearly 1996 - 2020
BoP: Current Account: GI: GS: Services: Credit (OMR mn) 855.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Portfolio Investment: Liabilities (OMR mn) 1,259.000 2020 yearly 1996 - 2020
Balance of Payments (BoP) (OMR mn) -878.000 2020 yearly 1996 - 2020
BoP: CF: Financial Account: Foreign Direct Investment: Assets (OMR mn) -206.000 2020 yearly 2001 - 2020
Foreign Direct Investment: Real Estate, Renting and Business Activities (OMR mn) 621.300 2018 yearly 2005 - 2018
Foreign Direct Investment: Financial Intermediation (OMR mn) 1,451.900 2018 yearly 2005 - 2018
Foreign Direct Investment: Manufacturing (OMR mn) 1,149.400 2018 yearly 2005 - 2018
Foreign Direct Investment: Construction (OMR mn) 125.700 2018 yearly 2005 - 2018
Foreign Direct Investment: Oil and Gas (OMR mn) 8,540.100 2018 yearly 2005 - 2018
Foreign Direct Investment: United Kingdom (OMR mn) 6,624.600 2018 yearly 2005 - 2018
Foreign Direct Investment: Kuwait (OMR mn) 387.100 2018 yearly 2005 - 2018
Foreign Direct Investment: United Arab Emirates (OMR mn) 1,033.900 2018 yearly 2005 - 2018
Foreign Direct Investment: India (OMR mn) 251.400 2018 yearly 2005 - 2018
Foreign Direct Investment: United States of America (OMR mn) 1,553.300 2018 yearly 2005 - 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.2 Dec 2020 quarterly Jun 2008 - Dec 2020
Non-Performing Loans (USD mn) 435.111 Jun 2021 quarterly Mar 2008 - Jun 2021
Money Supply M1 (USD mn) 15,192.198 Jun 2021 monthly Jan 1999 - Jun 2021
Money Supply M2 (USD mn) 52,304.031 Jun 2021 monthly Jan 1999 - Jun 2021
M2 Growth (%) 6.8 Jun 2021 monthly Jan 2000 - Jun 2021
Reserve Requirement Ratio (%) 5.0 Apr 2021 monthly Jun 2006 - Apr 2021
Foreign Exchange Reserves (USD mn) 17,190.9 Jun 2021 monthly Apr 1970 - Jun 2021
Foreign Exchange Reserves: % of GDP (%) 23.612 Mar 2021 quarterly Dec 2005 - Mar 2021
Foreign Exchange Reserves: Months of Import (NA) 11.5 May 2021 monthly Jan 1975 - May 2021
Gold Reserves (USD mn) 1.821 Jun 2021 monthly Dec 1969 - Jun 2021
Total Deposits (USD mn) 54,011.212 Jun 2021 monthly Jan 2000 - Jun 2021
Total Deposits Growth (%) 4.1 Feb 2021 monthly Jan 2001 - Feb 2021
Domestic Credit (USD mn) 63,899.1 Jun 2021 monthly Dec 1999 - Jun 2021
Domestic Credit Growth (%) 9.4 Jun 2021 monthly Dec 2000 - Jun 2021
Total Loans (USD mn) 58,585.436 Feb 2021 monthly Dec 1998 - Feb 2021
Total Loans Growth (%) 1.54 Mar 2021 monthly Dec 1999 - Mar 2021
Private Debt: % of Nominal GDP (%) 76.19 Dec 2020 quarterly Dec 2005 - Dec 2020
Domestic Assets (OMR mn) 15,900.800 Jun 2021 monthly Dec 1999 - Jun 2021
Money Supply (OMR mn) 20,110.900 Jun 2021 monthly Jan 1999 - Jun 2021
Money Supply: Quasi Money (OMR mn) 14,269.500 Jun 2021 monthly Jan 1999 - Jun 2021
Deposits: Private Sector (OMR mn) 14,740.200 Jun 2021 monthly Jan 1999 - Jun 2021
Non Performing Loans (OMR mn) 167.300 Jun 2021 quarterly Mar 2008 - Jun 2021

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