Oman world map

Trade in Oman

Oman was the world’s 55th largest exporter of goods in 2021. Export values were $44.6  million USD. Oman’s top export category was fuels and mining products, followed by manufactures, and agricultural products. In 2020, Oman’s main export destination markets for goods and services trade were to the United Arab Emirates, Qatar and Saudi Arabia, with trade representing 91.88 per cent of GDP. In terms of imports, Oman’s import values were $31 million USD in 2021. Oman’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were the United Arab Emirates, China and India. Oman is part of 5 different Regional Trade Agreements, such as EFTA – Gulf Cooperation Council (GCC), Gulf Cooperation Council (GCC) and Gulf Cooperation Council (GCC) – Singapore.

 

Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Sultanate of Oman

Abbreviation

OM

Capital

Muscat

WTO Membership Date

9 November 2000

Legal System

mixed legal system of Anglo-Saxon law and Islamic law

Language

Arabic

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Omani rial

Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • Bank Muscat SAOG - Muscat, Oman - SWIFT: BMUSOMRX

  • Bank of Beirut Oman - Muscat, Oman - SWIFT: BABEOMRX

  • National Bank of Abu Dhabi - Oman - SWIFT: NBADOMRX

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

  • The Public Authority for Investment Promotion and Export Development

    Trade and investment promotion agency

    [email protected]

Government MSME Agency

  • Credit Oman SAOC

  • Ministry of Commerce: Public Authority for the Development of Small and Medium Enterprises (PASMED)

  • Public Authority for the Development of Small and Medium Enterprises (Riyada)

Copyright Offices

  • #N/A

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • National Enquiry Point and Information Centre (NEPIC)
    Ministry of Commerce and Industry
    Phone: +(968) 2481 7252
    Website: www.mocioman.gov.om

    P.O. Box 550, P.C. 113

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • National Enquiry Point and Information Centre (NEPIC)
    Mr. Mohammed AL Balushi
    National Enquiry Point and information Center
    Ministry of Commerce & Industry
    Phone: +(968) 2481 7252
    Website: http://www.moci.gov.om

    P.O. Box 550
    Muscat

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

https://www.customs.gov.om/esw/jsf/secure/esw/common/DutyCalculator.xhtml?locale=en

Last Reviewed: June, 2023

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