Oman Trade Balance

1975 - 2020 | Monthly | USD mn | CEIC Data

Oman Trade Balance recorded a surplus of 941.5 USD mn in Dec 2020, compared with a surplus of 583.9 USD mn in the previous month. Oman Trade Balance data is updated monthly, available from Jan 1975 to Dec 2020, with an averaged value of 804.2 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 Total Exports reached 2.9 USD bn in Dec 2020, a decrease of 12.1 % year on year. Total Imports recorded 2.0 USD bn in Dec 2020, a decrease of 6.4 % year on year.

View Oman's Trade Balance from Jan 1975 to Dec 2020 in the chart:

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What was Oman's Trade Balance in Dec 2020?

Last	Previous	Min	Max	Unit	Frequency	Range
941.5 Dec 2020	583.9 Nov 2020	-64.8 Dec 2015	2,533.7 Sep 2014	USD mn	monthly	Jan 1975 - Dec 2020

Trade Balance by Country Comparison

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country/region	Last	Frequency	Range
Albania (USD mn)	-316.4 Mar 2021	monthly	Oct 1998 - Mar 2021
Algeria (USD mn)	-791.7 Jan 2020	monthly	Jan 2000 - Jan 2020
Argentina (USD mn)	704.9 Mar 2021	monthly	Jan 1991 - Mar 2021
Armenia (USD mn)	-146.3 Mar 2021	monthly	Nov 1995 - Mar 2021
Australia (USD mn)	4,297.6 Mar 2021	monthly	Jul 1971 - Mar 2021
Austria (USD mn)	-383.1 Feb 2021	monthly	Jan 1957 - Feb 2021
Azerbaijan (USD mn)	341.3 Feb 2021	monthly	Jan 2000 - Feb 2021
Bahrain (USD mn)	-127.1 2020	yearly	1966 - 2020
Bangladesh (USD mn)	-1,679.6 Jan 2021	monthly	Jul 1986 - Jan 2021
Belarus (USD mn)	327.8 Feb 2021	monthly	Jan 2000 - Feb 2021
Belgium (USD mn)	1,317.5 Feb 2021	monthly	Jan 1993 - Feb 2021
Bolivia (USD mn)	99.1 Mar 2021	monthly	Oct 1994 - Mar 2021
Bosnia and Herzegovina (USD mn)	-310.7 Mar 2021	monthly	Jan 2000 - Mar 2021
Botswana (USD mn)	1.3 Feb 2021	monthly	Jan 2001 - Feb 2021
Brazil (USD mn)	10,349.1 Apr 2021	monthly	Jan 1959 - Apr 2021
Brunei (USD mn)	-39.8 Jan 2021	monthly	Jan 2003 - Jan 2021
Bulgaria (USD mn)	-265.8 Feb 2021	monthly	Jan 1995 - Feb 2021
Cambodia (USD mn)	-939.9 Jan 2021	monthly	Jan 1981 - Jan 2021
Canada (USD mn)	-907.2 Mar 2021	monthly	Jan 1988 - Mar 2021
Chile (USD mn)	535.3 Mar 2021	monthly	Jan 1968 - Mar 2021
China (USD mn)	13,798.0 Mar 2021	monthly	Jan 1981 - Mar 2021
Colombia (USD mn)	-959.6 Feb 2021	monthly	Jan 1958 - Feb 2021
Croatia (USD mn)	-693.8 Jan 2021	monthly	Jan 1993 - Jan 2021
Cyprus (USD mn)	-671.6 Feb 2021	monthly	Jan 1957 - Feb 2021
Czech Republic (USD mn)	2,289.2 Feb 2021	monthly	Jan 1996 - Feb 2021
Denmark (USD mn)	716.0 Feb 2021	monthly	Jan 1997 - Feb 2021
Ecuador (USD mn)	343.6 Feb 2021	monthly	Jan 1965 - Feb 2021
Egypt (USD mn)	-3,340.0 Feb 2021	monthly	Jan 1957 - Feb 2021
Estonia (USD mn)	-88.2 Feb 2021	monthly	Jan 1993 - Feb 2021
European Union (USD mn)	26,255.6 Feb 2021	monthly	Jan 2002 - Feb 2021
Finland (USD mn)	-411.2 Feb 2021	monthly	Jan 1992 - Feb 2021
France (USD mn)	-6,348.1 Feb 2021	monthly	Jan 2000 - Feb 2021
Georgia (USD mn)	-442.4 Mar 2021	monthly	Jan 1995 - Mar 2021
Germany (USD mn)	23,184.2 Feb 2021	monthly	Jan 1957 - Feb 2021
Ghana (USD mn)	392.3 Dec 2020	monthly	Mar 2005 - Dec 2020
Greece (USD mn)	-1,380.7 Feb 2021	monthly	Jan 2002 - Feb 2021
Hong Kong SAR, China (USD mn)	-3,472.9 Mar 2021	monthly	Jan 1957 - Mar 2021
Hungary (USD mn)	900.4 Feb 2021	monthly	Jan 1976 - Feb 2021
Iceland (USD mn)	-116.9 Mar 2021	monthly	Jan 1957 - Mar 2021
India (USD mn)	-15,240.0 Apr 2021	monthly	Jan 1957 - Apr 2021
Indonesia (USD mn)	1,567.4 Mar 2021	monthly	Jan 1967 - Mar 2021
Iran (USD mn)	594,735,573.2 2015	yearly	1950 - 2015
Ireland (USD mn)	7,517.1 Feb 2021	monthly	Jan 1970 - Feb 2021
Israel (USD mn)	-2,934.9 Mar 2021	monthly	Jan 1988 - Mar 2021
Italy (USD mn)	7,048.4 Feb 2021	monthly	Jan 1993 - Feb 2021
Ivory Coast (USD mn)	288.7 Jan 2021	monthly	Jan 1981 - Jan 2021
Japan (USD mn)	2,739.8 Mar 2021	monthly	Apr 1995 - Mar 2021
Jordan (USD mn)	-911.7 Jan 2021	monthly	Jan 1972 - Jan 2021
Kazakhstan (USD mn)	1,520.5 Feb 2021	monthly	Sep 1995 - Feb 2021
Kenya (USD mn)	-840.9 Feb 2021	monthly	Oct 1992 - Feb 2021
South Korea (USD mn)	388.0 Apr 2021	monthly	Jan 1957 - Apr 2021
Kosovo (USD mn)	-381.7 Mar 2021	monthly	Jan 2003 - Mar 2021
Kuwait (USD mn)	1,291.5 Dec 2020	monthly	Jan 1993 - Dec 2020
Kyrgyzstan (USD mn)	-175.4 Feb 2021	monthly	Jan 2002 - Feb 2021
Laos (USD mn)	250.6 Dec 2020	quarterly	Dec 1992 - Dec 2020
Latvia (USD mn)	-59.8 Feb 2021	monthly	Jan 1995 - Feb 2021
Lebanon (USD mn)	-723.4 Nov 2020	monthly	Jan 1993 - Nov 2020
Lithuania (USD mn)	-110.4 Feb 2021	monthly	Jan 1999 - Feb 2021
Luxembourg (USD mn)	-682.4 Feb 2021	monthly	Jan 1988 - Feb 2021
Macau SAR, China (USD mn)	-1,265.7 Mar 2021	monthly	Jan 1998 - Mar 2021
North Macedonia (USD mn)	-274.3 Mar 2021	monthly	Dec 1993 - Mar 2021
Malawi (USD mn)	-135.3 Jun 2020	monthly	Jan 1964 - Jun 2020
Malaysia (USD mn)	4,910.5 Mar 2021	monthly	Jan 1990 - Mar 2021
Malta (USD mn)	-135.4 Feb 2021	monthly	Jan 1960 - Feb 2021
Mauritius (USD mn)	-215.9 Feb 2021	monthly	Jan 2006 - Feb 2021
Mexico (USD mn)	-2,905.9 Mar 2021	monthly	Jan 1993 - Mar 2021
Moldova (USD mn)	-294.5 Feb 2021	monthly	Jan 2004 - Feb 2021
Mongolia (USD mn)	64.4 Mar 2021	monthly	Jan 1997 - Mar 2021
Montenegro (USD mn)	-179.9 Mar 2021	monthly	Jan 2005 - Mar 2021
Morocco (USD mn)	-1,689.4 Mar 2021	monthly	Jan 1957 - Mar 2021
Mozambique (USD mn)	-177.1 Dec 2020	monthly	Jan 2011 - Dec 2020
Myanmar (USD mn)	8.2 Aug 2020	monthly	Jan 1957 - Aug 2020
Nepal (USD mn)	-1,110.5 Mar 2021	monthly	Aug 1974 - Mar 2021
Netherlands (USD mn)	6,222.4 Feb 2021	monthly	Jan 1996 - Feb 2021
New Zealand (USD mn)	23.3 Mar 2021	monthly	Jan 1957 - Mar 2021
Nigeria (USD mn)	-1,551.2 Dec 2020	monthly	Jan 2003 - Dec 2020
Norway (USD mn)	2,989.4 Mar 2021	monthly	Jan 1957 - Mar 2021
Oman (USD mn)	941.5 Dec 2020	monthly	Jan 1975 - Dec 2020
Pakistan (USD mn)	-2,994.0 Apr 2021	monthly	Jan 1968 - Apr 2021
Palestinian Territory (USD mn)	-352.0 Feb 2021	monthly	Jan 2011 - Feb 2021
Panama (USD mn)	-514.0 Feb 2021	monthly	Jan 1964 - Feb 2021
Paraguay (USD mn)	490.9 Mar 2021	monthly	Jan 1995 - Mar 2021
Peru (USD mn)	749.3 Feb 2021	monthly	Jan 1957 - Feb 2021
Philippines (USD mn)	-2,293.2 Feb 2021	monthly	Jan 1957 - Feb 2021
Poland (USD mn)	1,069.0 Feb 2021	monthly	Jan 1986 - Feb 2021
Portugal (USD mn)	-855.8 Feb 2021	monthly	Jan 1957 - Feb 2021
Qatar (USD mn)	3,620.9 Mar 2021	monthly	Jan 2014 - Mar 2021
Romania (USD mn)	-2,284.9 Feb 2021	monthly	Aug 1990 - Feb 2021
Russia (USD mn)	9,044.6 Feb 2021	monthly	Jan 1998 - Feb 2021
Saudi Arabia (USD mn)	35,856.4 2020	yearly	1957 - 2020
Serbia (USD mn)	-591.4 Mar 2021	monthly	Jan 2001 - Mar 2021
Singapore (USD mn)	5,899.2 Mar 2021	monthly	Jan 1976 - Mar 2021
Slovakia (USD mn)	481.9 Feb 2021	monthly	Jan 2004 - Feb 2021
Slovenia (USD mn)	318.9 Feb 2021	monthly	Nov 1991 - Feb 2021
South Africa (USD mn)	1,959.5 Feb 2021	monthly	Oct 2004 - Feb 2021
Spain (USD mn)	-1,438.7 Feb 2021	monthly	Jan 1985 - Feb 2021
Sri Lanka (USD mn)	-571.9 Feb 2021	monthly	Jan 1982 - Feb 2021
Sudan (USD mn)	-555.5 Sep 2020	monthly	Jan 2003 - Sep 2020
Sweden (USD mn)	479.9 Mar 2021	monthly	Jan 1957 - Mar 2021
Switzerland (USD mn)	2,725.2 Mar 2021	monthly	Jan 1957 - Mar 2021

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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 (%)	4.0 2019	yearly	1996 - 2019
National Government Debt (USD mn)	42,581.5 2019	yearly	1990 - 2019
Government Debt: % of GDP (%)	55.2 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 Revenue (OMR mn)	423.300 Nov 2020	monthly	Jun 2003 - Nov 2020
Government Expenditure: Current (OMR mn)	627.100 Nov 2020	monthly	Jun 2003 - Nov 2020
Government Expenditure: Investment (OMR mn)	126.600 Nov 2020	monthly	Jun 2003 - Nov 2020
Government Financing (OMR mn)	724.500 Nov 2020	monthly	Jan 2006 - Nov 2020
Government Surplus or Deficit: Fiscal (OMR mn)	-339.700 Nov 2020	monthly	Jun 2003 - Nov 2020
Government Surplus or Deficit: Remaining (OMR mn)	384.800 Nov 2020	monthly	Jan 2006 - Nov 2020
Government Revenue: Corporate Income Tax (OMR mn)	7.600 Nov 2020	monthly	Jan 2006 - Nov 2020
Government Expenditure (OMR mn)	733.000 Nov 2020	monthly	Jun 2003 - Nov 2020
Government Revenue: Non Oil (OMR mn)	2,589.681 2019	yearly	1990 - 2019
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)	941.5 Dec 2020	monthly	Jan 1975 - Dec 2020
Total Exports (USD mn)	2,937.3 Dec 2020	monthly	Jan 1974 - Dec 2020
Total Exports Growth (%)	-12.1 Dec 2020	monthly	Jan 1975 - Dec 2020
Aluminum: Exports (USD th)	832,020.613 2019	yearly	1995 - 2019
Exports: Medicament (USD th)	105,158.321 2019	yearly	1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th)	6,126.895 2019	yearly	1995 - 2019
Total Imports (USD mn)	1,995.8 Dec 2020	monthly	Jan 1975 - Dec 2020
Total Imports Growth (%)	-6.4 Dec 2020	monthly	Jan 1976 - Dec 2020
Imports: Medicament (USD th)	243,724.070 2019	yearly	1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th)	80,574.644 2019	yearly	1995 - 2019
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: Non Oil: China (OMR mn)	21.100 Dec 2019	monthly	Oct 2006 - Dec 2019
Imports: Japan (OMR mn)	35.200 Dec 2017	monthly	Jan 2006 - Dec 2017
Imports: United States (OMR mn)	18.700 Mar 2020	monthly	Jan 2006 - Mar 2020
Imports (OMR mn)	767.400 Dec 2020	monthly	Jan 1975 - Dec 2020
Exports: Crude Oil (Barrel th)	24,081.500 Mar 2021	monthly	Feb 2006 - Mar 2021
Exports: Crude Oil: Japan (Barrel th)	0.000 Mar 2021	monthly	Feb 2006 - Mar 2021
Exports: Crude Oil: China (Barrel th)	20,411.400 Mar 2021	monthly	Feb 2006 - Mar 2021
Exports: Crude Oil: India (Barrel th)	2,669.800 Mar 2021	monthly	Nov 2010 - Mar 2021

Balance of Payments	Last	Frequency	Range
Direct Investment Abroad (USD mn)	626.8 2019	yearly	2001 - 2019
Current Account Balance (USD mn)	-4,140.4 2019	yearly	1974 - 2019
Current Account Balance: % of GDP (%)	-5.4 2019	yearly	1980 - 2019
Foreign Direct Investment (USD mn)	3,420.0 2019	yearly	1970 - 2019
Foreign Direct Investment: % of GDP (%)	4.4 2019	yearly	1970 - 2019
Foreign Portfolio Investment (USD mn)	3,058.518 2019	yearly	1996 - 2019
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: CF: Financial Account: Portfolio Investment (OMR mn)	454.000 2019	yearly	1996 - 2019
BoP: Current Account (OMR mn)	-1,592.000 2019	yearly	1996 - 2019
Balance of Payments (BoP) (OMR mn)	-540.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: GS: Services: Credit (OMR mn)	1,923.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: GS: Services (OMR mn)	-2,727.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: GS: Services: Debit (OMR mn)	-4,650.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: GS: Goods: Imports (OMR mn)	-7,866.000 2019	yearly	1996 - 2019
BoP: CF: Capital Account: Grants: Credit (OMR mn)	55.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: Income (OMR mn)	-2,362.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: Income: Debit (OMR mn)	-2,819.000 2019	yearly	1996 - 2019
BoP: CF: Financial Account: Other Investment (OMR mn)	-225.000 2019	yearly	1996 - 2019
BoP: CF: Financial Account: Portfolio Investment: Assets (OMR mn)	-723.000 2019	yearly	2001 - 2019
BoP: CF: Financial Account: Portfolio Investment: Liabilities (OMR mn)	1,176.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: Income: Credit (OMR mn)	457.000 2019	yearly	1996 - 2019
BoP: CF: Capital Account: Grants: Debit (OMR mn)	-11.000 2019	yearly	1996 - 2019
BoP: Capital and Financial Account (CF) (OMR mn)	1,346.000 2019	yearly	1996 - 2019
BoP: CF: Financial Account (OMR mn)	1,302.000 2019	yearly	1996 - 2019
BoP: CF: Financial Account: Foreign Direct Investment: Liabilities (OMR mn)	1,315.000 2019	yearly	1996 - 2019
BoP: CF: Capital Account (OMR mn)	44.000 2019	yearly	1996 - 2019
BoP: CF: Financial Account: Foreign Direct Investment (OMR mn)	1,074.000 2019	yearly	1996 - 2019
BoP: CF: Financial Account: Foreign Direct Investment: Assets (OMR mn)	-241.000 2019	yearly	2001 - 2019
BoP: CF: Financial Account: Other Investment: Assets (OMR mn)	-1,510.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: GS: Goods (OMR mn)	7,009.000 2019	yearly	1996 - 2019
BoP: CF: Financial Account: Other Investment: Liabilities (OMR mn)	1,285.000 2019	yearly	1996 - 2019
BoP: Current Account: GI: GS: Goods: Exports (OMR mn)	14,875.000 2019	yearly	1996 - 2019
BoP: Net Errors and Omissions (OMR mn)	-294.000 2019	yearly	1996 - 2019
BoP: Reserve Assets (OMR mn)	540.000 2019	yearly	1996 - 2019
Foreign Direct Investment: Oil and Gas (OMR mn)	8,540.100 2018	yearly	2005 - 2018
Foreign Direct Investment: Manufacturing (OMR mn)	1,149.400 2018	yearly	2005 - 2018
Foreign Direct Investment: Financial Intermediation (OMR mn)	1,451.900 2018	yearly	2005 - 2018
Foreign Direct Investment: Real Estate, Renting and Business Activities (OMR mn)	621.300 2018	yearly	2005 - 2018
Foreign Direct Investment: Construction (OMR mn)	125.700 2018	yearly	2005 - 2018
Foreign Direct Investment: United Kingdom (OMR mn)	6,624.600 2018	yearly	2005 - 2018
Foreign Direct Investment: United Arab Emirates (OMR mn)	1,033.900 2018	yearly	2005 - 2018
Foreign Direct Investment: United States of America (OMR mn)	1,553.300 2018	yearly	2005 - 2018
Foreign Direct Investment: India (OMR mn)	251.400 2018	yearly	2005 - 2018
Foreign Direct Investment: Kuwait (OMR mn)	387.100 2018	yearly	2005 - 2018
No of Registered Enterprises (Unit)	312,720.000 2019	yearly	1999 - 2019

Monetary	Last	Frequency	Range
Non Performing Loans Ratio (%)	4.2 Dec 2020	quarterly	Jun 2008 - Dec 2020
Non-Performing Loans (USD mn)	434.330 Dec 2020	quarterly	Mar 2008 - Dec 2020
Money Supply M1 (USD mn)	14,875.683 Feb 2021	monthly	Jan 1999 - Feb 2021
Money Supply M2 (USD mn)	51,687.906 Feb 2021	monthly	Jan 1999 - Feb 2021
M2 Growth (%)	10.4 Feb 2021	monthly	Jan 2000 - Feb 2021
Reserve Requirement Ratio (%)	5.0 Apr 2021	monthly	Jun 2006 - Apr 2021
Foreign Exchange Reserves (USD mn)	17,477.2 Feb 2021	monthly	Apr 1970 - Feb 2021
Foreign Exchange Reserves: % of GDP (%)	22.701 Dec 2020	quarterly	Dec 2005 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA)	7.4 Dec 2020	monthly	Jan 1975 - Dec 2020
Gold Reserves (USD mn)	1.821 Feb 2021	monthly	Dec 1969 - Feb 2021
Total Deposits Growth (%)	4.1 Feb 2021	monthly	Jan 2001 - Feb 2021
Total Deposits (USD mn)	54,331.867 Feb 2021	monthly	Jan 2000 - Feb 2021
Domestic Credit (USD mn)	61,803.4 Feb 2021	monthly	Dec 1999 - Feb 2021
Domestic Credit Growth (%)	11.1 Feb 2021	monthly	Dec 2000 - Feb 2021
Total Loans (USD mn)	58,585.436 Feb 2021	monthly	Dec 1998 - Feb 2021
Total Loans Growth (%)	2.86 Feb 2021	monthly	Dec 1999 - Feb 2021
Private Debt: % of Nominal GDP (%)	76.19 Dec 2020	quarterly	Dec 2005 - Dec 2020
Deposits: Private Sector (OMR mn)	14,611.100 Feb 2021	monthly	Jan 1999 - Feb 2021
Non Performing Loans (OMR mn)	167.000 Dec 2020	quarterly	Mar 2008 - Dec 2020

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Foreign Trade

Exports Exports and Re-Exports: by Commodity: Annual Exports and Re-Exports: by Country: Annual Exports: Copper Cathode Exports: fob: by Country: Annual Exports: fob: by Country: Quarterly Imports Imports: by Country Imports: by Standard International Trade Classification Imports: by Transportation Mode: Annual Imports: cif: by Country: Monthly Trade Index Trade Statistics: Annual Trade Tariffs

Crude Oil: Exports Exports and Re-Exports: by Commodity Exports and Re-Exports: by Country Exports and Re-Exports: by Standard International Trade Classification Exports: Fish: by Type and Destination Exports: fob: by Country: Monthly Exports: Non Oil Imports: by Commodity Imports: by Country: Annual Imports: by Transportation Mode Imports: cif: by Country: Annual Imports: cif: by Country: Quarterly Trade Statistics Trade Statistics: Quarterly Volume and Unit Value Index: Annual