What Are Oman’s Main Exports?
Short Answer
Oman’s main exports are crude petroleum, refined petroleum products, and liquefied natural gas, which together account for the majority of export earnings. Non-oil exports include petrochemicals, metals, minerals, fish and seafood, and dates. The government is actively promoting export diversification.
Detailed Answer
The export profile of Oman is dominated by hydrocarbons. Crude oil is typically the single largest export category, shipped primarily to China, India, Japan, South Korea, and other Asian markets. Liquefied natural gas exports have become increasingly important following the development of the Qalhat LNG facility, with long-term supply contracts providing a stable revenue stream.
Refined petroleum products from the Sohar and Duqm refineries add value beyond raw crude exports. Petrochemical products including methanol, polyethylene, and polypropylene from the Sohar industrial complex contribute to manufactured exports.
Among non-hydrocarbon exports, minerals including chromite, gypsum, limestone, and marble are shipped to regional and international markets. Fish and seafood exports are significant, with Oman’s waters yielding tuna, sardines, shrimp, and lobster for markets in Asia and Europe. Agricultural exports are modest but include dates, frankincense, and limes.
The government’s export diversification strategy focuses on expanding manufacturing capacity, developing logistics services, and promoting Oman as a re-export hub leveraging its strategic location and free zone infrastructure. Trade agreements and membership in international trade organisations support market access for Omani goods.