On this page you will find beneficial information regarding foreign direct investment in / trading with Oman. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Monarchy
Population: 4.520 million (2021)
GDP: 88.19 billion USD (2021)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 0%
Major Exports: Crude Petroleum ($24.2B), Petroleum Gas ($6.78B), Refined Petroleum ($3.93B), Nitrogenous Fertilizers ($2.19B), and Semi-Finished Iron ($2.14B), exporting mostly to China ($23.9B), India ($5.18B), United Arab Emirates ($3.9B), South Korea ($2.66B), and Saudi Arabia ($2.34B).
Major Imports: Refined Petroleum ($2.8B), Cars ($2.21B), Iron Ore ($1.72B), Broadcasting Equipment ($710M), and Gold ($624M), importing mostly from United Arab Emirates ($11.2B), China ($3.13B), India ($2.31B), Saudi Arabia ($1.6B), and Qatar ($1.6B).
Investment Agency: Public Authority for Investment Promotion and Export Development
National Chamber of Commerce: Oman Chamber of Commerce and Industry
Customs Agency: Royal Oman Police Directorate General of Customs