Oman Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Oman's trade balance was $26.6B in 2025, ranked 23rd globally. This represents a 43.8% increase from 2024. Data from World Bank, covering 1967–2025.
Overview
Oman's trade balance stood at $26.6B in 2025, a rise of +$8.1B from 2024. Based on recent trends, this figure is projected to reach $26.6B by 2025. Oman ranked 23rd globally.
Oman's trade balance has experienced significant fluctuations over the 58-year period from 1967 to 2025. The country's trade balance reached an all-time peak of 26,645,253,576.07 in 2025, indicating a substantial trade surplus. Conversely, the trade balance hit an all-time trough of -1,094,928,478.54 in 1998, resulting in a trade deficit. This drastic change in trade balance is reflective of Oman's economic diversification efforts, particularly in the petrochemical and manufacturing sectors. Compared to its peer countries, Oman's trade balance in 2025 ranked 23rd globally, trailing behind countries like Brazil, which boasted a trade balance of 27,239,932,695.00 in the same year. The latest trade balance figure suggests that Oman's economy continues to rely heavily on exports, which could potentially be impacted by fluctuations in global commodity prices or shifts in regional trade agreements, potentially altering the trajectory of Oman's trade balance in the future.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $35.1B | - | - |
| 2026* trend | $30.9B | - | - |
| 2025* trend | $26.6B | - | - |
| 2025 | $26.6B | +$8.1B | #23 |
| 2024 | $18.5B | +$772.2M | #136 |
| 2023 | $17.8B | −$5.0B | #146 |
| 2022 | $22.8B | +$13.4B | #158 |
| 2021 | $9.4B | +$7.7B | #146 |
| 2020 | $1.7B | −$9.3B | #130 |
| 2019 | $11.0B | +$65.0M | #150 |
| 2018 | $10.9B | +$8.9B | #152 |
| 2017 | $2.0B | +$2.2B | #131 |
| 2016 | $-169.1M | −$2.5B | #94 |
| 2015 | $2.3B | −$16.8B | #148 |
| 2014 | $19.1B | +$1.5B | #157 |
| 2013 | $17.6B | −$2.9B | #155 |
| 2012 | $20.4B | +$127.4M | #154 |
| 2011 | $20.3B | +$6.1B | #153 |
Detected Pattern
Analysis
Oman matched the Export Boom Cycle pattern in 2013. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Oman's trade balance was $26.6B in 2025. Ranked 23rd globally. This represents a 43.8% increase from the previous year.
Oman's trade balance peaked at $26.6B in 2025.
The lowest trade balance in Oman was $-1.1B in 1998.
Oman ranks 23rd globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Oman's trade balance is projected to reach $26.6B by 2025 based on trend extrapolation.
Oman's trade balance was approximately 26.65 billion ($26.6B) in 2025.
The trade balance of Oman in 2025 was $26.6B. This ranks 23rd in the world.
Cite this page
@misc{historysaid_oman_trade-balance,
title = {Oman Trade Balance},
url = {https://historysaid.com/oman/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}