Oman: Trade balance, in dollars

The latest value from 2023 is 17.34 billion U.S. dollars, a decline from 22.8 billion U.S. dollars in 2022. In comparison, the world average is 4.81 billion U.S. dollars, based on data from 148 countries. Historically, the average for Oman from 1974 to 2023 is 5.19 billion U.S. dollars. The minimum value, -1.2 billion U.S. dollars, was reached in 1998 while the maximum of 22.8 billion U.S. dollars was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.