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Oman

Oman ranked No. 74 in total trade value through August with a total of $1.94 billion. Exports totaled $1.14 billion and Imports totaled $805.35 million, a surplus of $333.26 million.

January – August 2019

Top Trading Ports

Total Trade: $1.94 billion

RankPortTotal YTD
1Port of Houston $276,908,409
2Port of Newark $257,120,784
3John F. Kennedy International Airport $146,080,558
4Port of Everett, Wash. $145,344,814
5Port of Savannah, Ga. $135,698,031
6Houston’s George Bush Intercontinental Airport, Texas $81,415,849
7Chicago O’Hare International Airport $78,870,655
8Port of Charleston $66,855,933
9Port of New Orleans $60,821,787
10Port of Jacksonville, Fla. $60,066,418

U.S. trade with Oman rose to $1.94 billion through August

Oman’s trade with the United States rose to $1.94 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.52 percent below its total trade during the same time period last year. U.S. exports to Oman decreased 26.45 percent while U.S. imports from Oman fell 7.15 percent. The U.S. surplus with Oman was $333.26 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Newark; No. 3 John F. Kennedy International Airport; No. 4 Port of Everett, Wash.; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port of Savannah, Ga. No. 3 Port of Everett, Wash. No. 4 Seattle-Tacoma International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 49.44 percent of Oman’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 4.76 percent to $276.91 million.
    Exports rose 25.63 percent to $186.08 million. Imports fell 36.32 percent to $90.83 million.
  • Trade with No. 2 Port of Newark rose 42.53 percent to $257.12 million.
    Exports rose 74.56 percent to $57.41 million. Imports rose 35.39 percent to $199.71 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 7.63 percent to $146.08 million.
    Exports rose 7.75 percent to $47.48 million. Imports rose 7.57 percent to $98.6 million.
  • Trade with No. 4 Port of Everett, Wash. fell 21.41 percent to $145.34 million.
    Exports fell 21.41 percent to $145.34 million. There were no imports.
  • Trade with No. 5 Port of Savannah, Ga. fell 28.47 percent to $135.7 million.
    Exports rose 35.64 percent to $65.08 million. Imports fell 50.18 percent to $70.62 million.

Oman ranked No. 74 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 67.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Oman by value through August were the categories of Motor vehicles for transporting people; Civilian aircraft, parts; Gasoline, other fuels; Ethyl alcohol; and Low value shipments, respectively. They accounted for 47.76 percent of total exports to Oman.

The value of the top five categories of U.S. imports from Oman –– Plastic plates, sheet, film; Aluminum plates, sheets, strip more than 0.2mm thi; Jewelry, parts; Iron or steel nails, tacks, drawing pins; and Value added to a returned import –– accounted for 77.2 percent of all inbound shipments.

Looking more closely at U.S. exports to Oman:

  • Motor vehicles for transporting people rose 41.6 percent compared to last year to $259.3 million.
  • Civilian aircraft, parts fell 68.64 percent compared to last year to $152.53 million.
  • Gasoline, other fuels rose 3902.48 percent compared to last year to $48.54 million.
  • Ethyl alcohol rose 34.32 percent compared to last year to $48.12 million.
  • Low value shipments fell 19.07 percent compared to last year to $35.35 million.

Looking more closely at U.S. imports from Oman:

  • Plastic plates, sheet, film rose 38.26 percent compared to last year to $206.31 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 54.11 percent compared to last year to $148.77 million.
  • Jewelry, parts rose 5.46 percent compared to last year to $147.25 million.
  • Iron or steel nails, tacks, drawing pins rose 41.11 percent compared to last year to $72.14 million.
  • Value added to a returned import rose 18.9 percent compared to last year to $47.26 million.

In the latest annual figures available, Oman recorded $3.16 billion in trade with the United States. At year’s end, its were New York City; Houston; Charleston; Seattle; and Philadelphia. Total U.S. exports to Oman were $ 2.1 billion and imports from Oman were $1.07 billion. The U.S. surplus with Oman was $1.03 billion.