Oman''s Top Exports 2024
Oman''s top 5 most valuable exported products are crude oil, processed petroleum oils, petroleum gases, iron ores and concentrates, then nitrogenous fertilizers. Combined, those five product groups
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Oman's energy supply is entirely generated by nationally-produced natural gas and oil products and the country is a large exporter of oil and gas. The government has recently launched the “Residential PV Initiative" to foster the private use of solar PV.
Oman's top 5 most valuable exported products are crude oil, processed petroleum oils, petroleum gases, iron ores and concentrates, then nitrogenous fertilizers. Combined, those five product groups represent over three-quarters (75.8%) of Oman's total exports by value in 2024.
Year over year, revenues collected for Oman's total exports rose 6.8% compared to $59 billion for 2023. Oman's top 5 most valuable exported products are crude oil, processed petroleum oils, petroleum gases, iron ores and concentrates, then nitrogenous fertilizers.
Historically, Oman has highly positive net exports in the international trade of petroleum oils (both crude and refined) as well as petroleum gases. In turn, these cashflows indicate Oman's strong competitive advantages under the mineral fuels including oil product category.
Oman''s top 5 most valuable exported products are crude oil, processed petroleum oils, petroleum gases, iron ores and concentrates, then nitrogenous fertilizers. Combined, those five product groups
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Oil and gas remain the largest contributors to Oman''s economy, accounting for about a third of its GDP and playing a key role in employment and exports. Exploration, production and infrastructure
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Key agreements are set to be signed soon, paving the way for the establishment of the first commercial-scale energy storage project in the Sultanate of Oman. The agreements will build on
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The list of energy indices includes proven reserves of oil and gas, production-consumption ratio combined, and energy use, etc. Each of the indices has a ranked list of included member countries.
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Among these, solar energy is the most dominant segment due to Oman''s abundant sunlight, which drives the adoption of solar energy storage solutions. Wind energy is also gaining traction,
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In 2023, the top exports of Oman were Crude Petroleum ($29.3B), Refined Petroleum ($8.71B), Petroleum Gas ($6.52B), Semi-Finished Iron ($3.31B), and Nitrogenous Fertilizers ($2.61B).
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Oman renewable energy exports are taking a historic leap forward as the Sultanate signs major international agreements aimed at transforming its role in the global clean energy market.
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