Oman is the 58th largest export economy in the world and the 64th most complex economy according to the Economic Complexity Index (ECI). In 2017, Oman exported $31.2B and imported $29.8B, resulting in a positive trade balance of $1.34B. In 2017 the GDP of Oman was $72.6B and its GDP per capita was $41.7k.

The top exports of Oman are Crude Petroleum ($13.6B), Petroleum Gas ($3.29B), Refined Petroleum ($2.81B), Iron Ore ($1B) and Acyclic Alcohols ($672M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Cars ($2.21B), Planes, Helicopters, and/or Spacecraft ($1.47B), Refined Petroleum ($1.42B), Gold ($768M) and Gas Turbines ($691M).

The top export destinations of Oman are China ($12.1B), India ($2.87B), the United Arab Emirates ($2.25B), South Korea ($2.13B) and Japan ($1.71B). The top import origins are the United Arab Emirates ($10.1B), Japan ($2.2B), the United Kingdom ($2.03B), China ($1.88B) and India ($1.6B).

Oman borders the United Arab Emirates, Saudi Arabia and Yemen by land and Iran and Pakistan by sea.