Net trade in goods in Oman
Oman: Net trade in goods was 25.66 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods in Oman, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Oman recorded 25.66 billion BoP, current US$ for net trade in goods in 2024.
Compared with earlier readings it is up 5.3% on the previous year and down 0.1% over ten years.
Over the whole period, net trade in goods in Oman peaked at 30.98 billion BoP, current US$ in 2022 and was at its lowest, 307.00 million BoP, current US$, in 1998.
That places Oman 23rd out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 629.32 million BoP, current US$ | 440.94 million BoP, current US$ | 994.50 million BoP, current US$ | 6 |
| 1980s | 1.75 billion BoP, current US$ | 552.38 million BoP, current US$ | 2.40 billion BoP, current US$ | 10 |
| 1990s | 2.12 billion BoP, current US$ | 307.00 million BoP, current US$ | 3.14 billion BoP, current US$ | 10 |
| 2000s | 9.04 billion BoP, current US$ | 5.51 billion BoP, current US$ | 17.01 billion BoP, current US$ | 10 |
| 2010s | 18.13 billion BoP, current US$ | 6.26 billion BoP, current US$ | 26.51 billion BoP, current US$ | 10 |
| 2020s | 21.08 billion BoP, current US$ | 8.08 billion BoP, current US$ | 30.98 billion BoP, current US$ | 5 |
Countries ranked near Oman
More economy & growth data for Oman
- Exports of goods and services 9.1% (2024)
- Gross national expenditure 34.07 billion current LCU (2024)
- Gross national expenditure 82.64 billion constant 2015 US$ (2024)
- Industry (including construction), value added 52.7% (2025)
- Gross national expenditure 82.7% (2024)
- Exports of goods and services 70.79 billion current US$ (2024)
- Exports of goods and services 27.22 billion current LCU (2024)
- Exports of goods and services 50.11 billion constant 2015 US$ (2024)
- Gross fixed capital formation 10.52 billion current LCU (2024)
- Gross fixed capital formation 27.36 billion current US$ (2024)
Frequently asked questions
- What is net trade in goods in Oman?
- Net trade in goods in Oman was 25.66 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 recorded in Oman?
- The highest recorded value was 30.98 billion BoP, current US$ in 2022.
- What is the lowest net trade in goods recorded in Oman?
- The lowest recorded value was 307.00 million BoP, current US$ in 1998.
- How does Oman rank for net trade in goods?
- Oman ranks 23rd out of 199 countries with data for 2024.
- Is net trade in goods rising or falling in Oman?
- Over the last ten years it is down 0.1%. 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 (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 is the difference between the exports and imports of goods. 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.