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Oman Trade (% GDP)

Oman's trade (% GDP) rose to 105.92% in 2023, up from 105.75% in 2022, according to World Bank. This represents an increase of 0.17% from the previous year. Oman has trade (% GDP) higher than the global median (105.92% vs median 84.49%). Compared with the median in Asia, Oman is higher (105.92% vs regional median 82.69%) and ranks 15th out of 45 countries in Asia.

Yearly Historical Data (1967-2023)

(in %)
Year Trade (% GDP)
2023 105.92%
2022 105.75%
2021 95.95%
2020 91.88%
2019 86.48%
2018 89.28%
2017 88.95%
2016 82.86%
2015 96.38%
2014 102.28%
2013 112.54%
2012 102.07%
2011 101.64%
2010 96.39%
2009 91.63%
2008 94.76%
2007 94.87%
2006 86.15%
2005 86.76%
2004 88.61%
2003 84.85%
2002 83.65%
2001 84.53%
2000 81.41%
1999 76.61%
1998 80.48%
1997 71.59%
1996 69.39%
1995 64.15%
1994 62.69%
1993 65.08%
1992 64.73%
1991 62.71%
1990 61.24%
1988 71.36%
1987 77.94%
1986 80.17%
1985 87.01%
1984 87.86%
1983 91.72%
1982 101.7%
1981 102.78%
1980 100.31%
1979 101.78%
1978 107.05%
1977 102.34%
1976 108.3%
1975 118.24%
1974 121.48%
1973 123.02%
1972 103.12%
1971 97.92%
1970 93.35%
1969 86.5%
1968 84.88%
1967 56.19%
Oman Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Oman divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $59.01B $66.06B 2023
Annual Imports $38.78B $38.57B 2023
Balance of Trade OMR 364M OMR 467M Aug'25
Exports OMR 1.8B OMR 2B Aug'25
Exports (% GDP) 61.14% 63.25% 2023
FDI Inflows (% GDP) 11.79% 6.34% 2023
Imports OMR 1.5B OMR 1.5B Aug'25
Imports (% GDP) 44.77% 42.49% 2023
Net Trade (Goods & Services, BoP) $17.34B $22.8B 2023
Tariff Rate 3.18% 3.12% 2022