Oman: Net trade in goods (current US$, BoP)

Key figures

What the numbers say

In 2025, Oman's net trade in goods (current US$, BoP) fell 22.4% on 2024 (from US$25.93 billion to US$20.11 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +44.5% and a typical year strayed about 162.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 857% in 1999 and the biggest yearly fall was 89.8% in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$1.96 billion a year. A straight line explains 53% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Oman had the 25th highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Oman in the 2025 ranking

• Malaysia — 22nd of 136: US$24.58 billion
• Chile — 23rd of 136: US$23.85 billion
• Iraq — 24th of 136: US$20.97 billion
• Czechia — 26th of 136: US$18.05 billion
• Argentina — 27th of 136: US$15.36 billion
• Angola — 28th of 136: US$15.1 billion

What this measures

The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 52 values

Net trade in goods (current US$, BoP) in nearby economies

• Afghanistan — −US$5.1 billion (2020)
• Algeria — −US$17.41 billion (2025)
• Bahrain — US$3.08 billion (2025)
• Djibouti — US$41.45 million (2024)
• Egypt, Arab Rep. — −US$43.08 billion (2025)
• Iraq — US$20.97 billion (2025)
• Israel — −US$17.9 billion (2025)
• Jordan — −US$10.66 billion (2024)
• Kuwait — US$33.18 billion (2025)
• Lebanon — −US$12.84 billion (2023)
• Libya

More economic policy & debt data for Oman

• GDP (current US$) — US$109.61 billion (2025)
• GDP (current LCU) — 42.14 billion (2025)
• GDP (constant 2015 US$) — US$93.82 billion (2025)
• GDP (constant LCU) — 39.3 billion (2025)
• GDP per capita (current US$) — US$19,947 (2025)
• GDP per capita (current LCU) — 7,670 (2025)
• GDP per capita (constant 2015 US$) — US$17,074 (2025)
• GDP per capita (constant LCU) — 7,151 (2025)
• Agriculture, forestry, and fishing, value added (current US$) — US$3.08 billion (2025)
• Agriculture, forestry, and fishing, value added (current LCU) — 1.18 billion (2025)
• Agriculture, forestry, and fishing, value added (% of GDP)

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Questions people ask

What is Oman's net trade in goods (current US$, BoP)?

US$20.11 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is up 2,944% from US$660.68 million in 1974 (6.93% a year on average, compounded). The highest value was US$30.98 billion in 2022 and the lowest US$307 million in 1998.

How does Oman rank?

25th highest of 136 economies with data for 2025.

Is the latest change in net trade in goods (current US$, BoP) unusual for Oman?

In 2025, Oman's net trade in goods (current US$, BoP) fell 22.4% on 2024 (from US$25.93 billion to US$20.11 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +44.5% and a typical year strayed about 162.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BN.GSR.MRCH.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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