Oman

Oman ranked No. 72 in total trade value through June with a total of $1.04 billion. Exports totaled $603.25 million and Imports totaled $440.02 million, a surplus of $163.23 million.

U.S. trade with Oman rose to $1.04 billion through June

Oman’s trade with the United States rose to $1.04 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 30.25 percent below its total trade during the same time period last year. U.S. exports to Oman decreased 30.72 percent while U.S. imports from Oman fell 29.6 percent. The U.S. surplus with Oman was $163.23 million.

Through June, 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 Port of New Orleans; and No. 5 Port of Charleston. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Port of Everett, Wash.; No. 4 John F. Kennedy International Airport and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 53.54 percent of Oman’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 4.88 percent to $179.66 million.
    Exports fell 5.76 percent to $112.61 million. Imports fell 3.38 percent to $67.05 million.
  • Trade with No. 2 Port of Newark fell 18.35 percent to $164.7 million.
    Exports rose 8.16 percent to $49.64 million. Imports fell 26.15 percent to $115.06 million.
  • Trade with No. 3 Port of Savannah, Ga. fell 15.18 percent to $92.33 million.
    Exports rose 15.34 percent to $56.8 million. Imports fell 40.4 percent to $35.53 million.
  • Trade with No. 4 Port of New Orleans rose 26.85 percent to $65.49 million.
    Exports fell 27.78 percent to $16.46 million. Imports rose 70.03 percent to $49.03 million.
  • Trade with No. 5 Port of Charleston rose 11.77 percent to $56.39 million.
    Exports fell 27.2 percent to $7.68 million. Imports rose 22.07 percent to $48.72 million.

Oman ranked No. 72 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 72.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Oman by value through June were the categories of Passenger vehicles; Low value shipments; Taps, cocks and valves for pipes, tanks; Pumps for dispensing liquids; and Military weapons, excluding pistols, respectively. They accounted for 41.4 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; Nitrogenous fertilizers; Iron or steel nails, tacks, drawing pins; and Jewelry, parts –– accounted for 67.17 percent of all inbound shipments.

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

  • Passenger vehicles fell 11.71 percent compared to last year to $175.59 million.
  • Low value shipments fell 14.87 percent compared to last year to $22.26 million.
  • Taps, cocks and valves for pipes, tanks rose 74.12 percent compared to last year to $18.21 million.
  • Pumps for dispensing liquids fell 7.9 percent compared to last year to $17.13 million.
  • Military weapons, excluding pistols rose 507.08 percent compared to last year to $16.54 million.

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

  • Plastic plates, sheet, film fell 27.94 percent compared to last year to $115.05 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi fell 42.44 percent compared to last year to $71.19 million.
  • Nitrogenous fertilizers rose 259.72 percent compared to last year to $44.04 million.
  • Iron or steel nails, tacks, drawing pins fell 36.1 percent compared to last year to $36.35 million.
  • Jewelry, parts fell 74.28 percent compared to last year to $28.96 million.

In the latest annual figures available, Oman recorded $3.1 billion in trade with the United States. Total U.S. exports to Oman were $ 1.94 billion and imports from Oman were $1.16 billion. The U.S. surplus with Oman was $778.17 million.