Non-oil & Re-export Trade

GCC and Asia are the two largest export markets for Oman and were estimated at 2,469,495 OMR and 1,630,572 OMR in 2017. The two regions together make up approximately 77.6% of Oman’s total non-oil export and re-export market.


No.1: GCC
export market for Oman estimated at 2,469,495 OMR.
No.2: Asia
export market for Oman estimated at 1,630,572 OMR.

Trading Partners

# Partners Details
1 India, China and Iran are among the 32 countries in Asia who import the most non-oil merchandise goods from Oman and together are worth nearly 8,96,072 OR.
2 The UAE and Qatar are Oman’s largest export markets among the GCC countries and together account for 17,84,813 OR in non-oil exports and re-exports.
3 United States 54.5% in America export market.
4 Australia for 87.5% in Oceania market.
5 Netherlands for 29.5% of Western Europe's market.

Trade Levels

Oman’s exports have grown year-on-year and more than quadrupled 2017. Mineral products, chemicals and Machinery and transport equipment constitute respectively 20.5%, 19.9% and 18.6% of total non-oil exports and represent Oman’s top three non-oil exports.




01
Mineral Products 20.5%
02
Chemicals 19.9%
03
Machinery and transport equipment 18.6%

Trade Liberalization

Oman’s trade tariffs are the lowest among the GCC countries, providing inward investors with a low-cost trade environment.


The Sultanate ranks in the top 30 countries worldwide in terms of non-tariff trade liberalization and
3rd in the GCC this means investors will face less barriers such as quotas, restrictions and licensing issues.