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Oman
| Economy Overview |
| Oman is a middle-income economy in the Middle East with notable oil and gas resources, a substantial trade surplus, and low inflation. The government is privatizing its utilities and diversifying its economy to attract foreign investment. Oman continues to liberalize its markets and joined the World Trade Organization (WTO) in November 2000. To reduce unemployment and limit dependence on foreign countries, the government is encouraging the replacement of expatriate workers with local people, i.e., Omanization. Training in information technology, business management, and English support this objective. Industrial development plans focus on gas resources, metal manufacturing, petrochemicals, and international transshipment ports. |
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| Economy Statistics |
| Exports: |
$13.14 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
petroleum, reexports, fish, metals, textiles [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
China 29.5%, South Korea 17.5%, Japan 11.5%, Thailand 10.6%, UAE 7.2% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$6.373 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
machinery and transport equipment, manufactured goods, food, livestock, lubricants [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
UAE 21.2%, Japan 16.6%, UK 8.4%, Italy 6%, Germany 5.1%, US 4.7% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Oman Chamber of Commerce and Industry |
| Address: |
P.O Box 1400
Postal Code 112, Ruwi
Sultanate Of Oman |
| Phone: |
24707674 |
| Fax: |
24708497 |
| Website: |
http://www.chamberoman.com/ |
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