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Oman

Oman ranked No. 75 in total trade value through February with a total of $431.14 million. Exports totaled $253.67 million and Imports totaled $177.47 million, a surplus of $76.2 million.

January – February 2019

Top Trading Ports

Total Trade: $431.14 million

RankPortTotal YTD
1Port of Houston $72,939,509
2Port of Newark $68,755,001
3Port of Savannah, Ga. $37,047,036
4John F. Kennedy International Airport $28,113,107
5Port of Jacksonville, Fla. $19,843,010
6Port of Galveston, Texas $18,055,990
7Houston’s George Bush Intercontinental Airport, Texas $17,072,011
8Port of Charleston $17,001,935
9Port of Long Beach $13,645,064
10Port of Kalama, Wash. $13,127,999

U.S. trade with Oman rose to $431.14 million through February

Oman’s trade with the United States rose to $431.14 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 29.5 percent below its total trade during the same time period last year. Oman’s exports decreased 40.97 percent while imports fell 2.36 percent. The U.S. surplus with Oman was $76.2 million.

Through February, 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 Port of Savannah, Ga.; No. 4 John F. Kennedy International Airport; and No. 5 Port of Jacksonville, Fla.. During the same period the previous year, the top five were No. 1 Port of Wilmington, Dela. No. 2 Chicago O’Hare International Airport No. 3 Seattle-Tacoma International Airport No. 4 Port of Newark and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 52.58 percent of Oman’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 75.17 percent to $72.94 million.
    Exports rose 105.27 percent to $49.72 million. Imports rose 33.31 percent to $23.22 million.
  • Trade with No. 2 Port of Newark rose 24.61 percent to $68.76 million.
    Exports rose 264.97 percent to $17.29 million. Imports rose 2.04 percent to $51.47 million.
  • Trade with No. 3 Port of Savannah, Ga. fell 16.45 percent to $37.05 million.
    Exports rose 99.99 percent to $16.99 million. Imports fell 44.04 percent to $20.06 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 6.89 percent to $28.11 million.
    Exports rose 33.26 percent to $10.14 million. Imports fell 3.85 percent to $17.97 million.
  • Trade with No. 5 Port of Jacksonville, Fla. rose 73.48 percent to $19.84 million.
    Exports rose 34.33 percent to $15.2 million. Imports rose 3755.7 percent to $4.64 million.

Oman ranked No. 75 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 $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Oman by value through February were the categories of Motor vehicles for transporting people; Gasoline, other fuels; Wheat; Ethyl alcohol; and Low value shipments, respectively. They accounted for 48.74 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 83.39 percent of all inbound shipments.

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

  • Motor vehicles for transporting people rose 41.94 percent compared to last year to $52.72 million.
  • Gasoline, other fuels rose 16217 percent compared to last year to $24.34 million.
  • Wheat totaled $19.04 million. The previous year, there were no exports in this category.
  • Ethyl alcohol rose 407.3 percent compared to last year to $18.18 million.
  • Low value shipments fell 33.1 percent compared to last year to $9.36 million.

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

  • Plastic plates, sheet, film rose 43.74 percent compared to last year to $53.27 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 210.58 percent compared to last year to $38.53 million.
  • Jewelry, parts fell 7.19 percent compared to last year to $24.76 million.
  • Iron or steel nails, tacks, drawing pins rose 135.41 percent compared to last year to $20.8 million.
  • Value added to a returned import rose 46.57 percent compared to last year to $10.64 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.