Skyline at night in Oman

Oman Merchandise Exports (USD bn)

Exports in Oman

GDP grew 3.9% in Q4 2022, bringing growth over the whole of 2022 to 4.3%. The hydrocarbons sector expanded 12.2% in 2022, driving activity. The non-oil sector grew 1.6%, with services output growing 5.0% and industrial output contracting 4.7%. Heading into Q1 2023, the hydrocarbon sector appears to have deteriorated, with oil output in the quarter lower than in Q4. Private spending may have fared better; inflation in the quarter averaged the lowest since Q2 2021. In addition, credit growth was higher in January–February compared to Q4. In other news, the government repaid USD 2.9 billion in loans in Q1 in April. In the same month, Fitch and S&P Global upgraded the outlook on the government’s credit rating to positive, boding well for fiscal sustainability ahead.

Oman Exports Chart

This chart displays Exports (USD billion) for Oman from 2012 to 2021.

Oman Exports Data

2017 2018 2019 2020 2021
Merchandise Exports (USD bn) 33 42 39 33 45

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest