Top Export Trading Partners of Oman - Volza

Oman's primary export trading partners in 2023 are essential to its economic activity. Top partners included China (40% of exports, $24 billion), India (15%, $9 billion), Japan (12%, $7.2 billion), South Korea (8%, $4.8 billion), and the United Arab Emirates (7%, $4.2 billion).

Key exports to these countries include petroleum products, natural gas, minerals, and chemicals. Trade agreements such as the GCC (Gulf Cooperation Council) and various bilateral trade agreements with individual countries facilitate smoother trade flows.

Oman’s strategic incentives, including favorable export tariffs and government support for the energy sector, promote robust trade relationships, making it a crucial export market for these partners. Oman's GDP growth rate is approximately 2.8%, with an inflation rate of 1.5%, influencing its export dynamics and trade policies. The country's focus on diversifying its economy and enhancing its logistical infrastructure significantly influences its export activities.