What is the value of US trade with Oman?
Updates published annually
$1.55 billion in imports and $2.72 billion in exports in 2024. That means that the US exported $1.16 billion more to Oman than we imported from it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$1.55B
Value of imports from Oman to the US (2024)
$2.72B
Value of exports from the US to Oman (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Oman as the US’ 65th top trading partner: In 2024, the US traded $4.27 billion in goods and services with Oman. Countries with similar trade values include Bahrain ($4.32B) and Bulgaria ($3.46B).
In 2024, the US traded $4.27 billion in goods and services with Oman.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US had a trade surplus with Oman in 2024. The 2024 surplus was $1.16 billion, an increase from 2023's surplus of $618 million.
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The trade surplus with Oman increased to $1.16B in 2024.
Annual trade balance with Oman, not adjusted for inflation
In 2024, 85.3% of imports from Oman to the US were goods. The largest category was industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), accounting for $928 million. The top three imports were industrial supplies and materials, consumer goods (goods and services purchased by individuals for personal use, like clothing and cellphones), and other merchandise. These categories accounted for $1.29 billion of total imports.
The other 14.6% were services, with government goods and services being the largest service category. Government goods and services accounted for $89 million.
Industrial supplies and materials made up 59.8% of US imports from Oman in 2024.
US imports from Oman by category (2024)
In 2024, more US exports to Oman were goods — 71.6%. The largest export was automotive vehicles and parts, which accounted for a value of $692 million. The top three exports were automotive vehicles and parts, capital goods (tools used for the production process, like machinery and equipment), and industrial supplies and materials. These categories accounted for $1.55 billion of exports to Oman.
The other 28.4% were services, with financial services being the largest service category. Financial services (services normally provided by banks and other financial institutions) accounted for $210 million.
Automotive vehicles and parts made up 25.5% of US exports to Oman in 2024.
US exports to Oman by category (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
