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OMAN
GENERAL INFORMATION:
Member Trade Bloc: GCC, I.O.RIM
Location: Middle East, bordering the Arabian Sea, Gulf of Oman, and Persian Gulf, between Yemen and UAE
Capital: Muscat Surface area: 212 thousand sq km Official language: Arabic
Population: 3.2 million (July 2007est.) -- Ibadhi Muslim 75%, Sunni Muslim, Shi'a Muslim, Hindu
Port & Harbors: Matrah, Mina' al Fahl, Mina' Raysut
KEY ECONOMIC INDICATORS 2001 2002 2003 2004 2005 2006 2007
GDP (US$ bn): 19.9 20.3 21.8 24.8 30.7 38.5 40.5
GDP per capita (US$) 8,795 8,839 9344 10415 12664 15526 15,412
Real GDP growth (% change YOY) 7.5 2.6 2.0 5.6 6.7 7.1 6.0
Goods & services exports (%GDP) 57.9 51.5 56.5 57.2 63.3 n.a. n.a.
Inflation (% change YOY) -0.8 -0.2 0.3 0.8 3.2 3.0 3.8
Unemployment rate (%) n.a. n.a. n.a. 15 n.a. n.a. n.a.
Total Exports (US$ bn) 11.074 11.172 11.669 13.342 17.119 22.340 23.050
Total Imports (US$ bn) 5.798 6.005 6.572 8.865 9.000 10.730 14.300
GDP – COMPOSITION: Agriculture: 2.2%Industry: 38.3%, Services: 59.5% (2007 est.)
MAJOR INDUSTRIES crude oil production and refining, natural and liquefied natural gas (LNG) production, construction, cement, copper, steel,
chemicals, optic fiber
MAJOR TRADING PARTNERS OF OMAN
Oman’s principal export destinations 2006: Oman’s principal import sources 2006:
1- China 23.6% 1- United Arab Emirates 22.4%
2- South Korea 17.9% 2- Japan 16.5%
3- Japan 10.9% 3- US 8.1%
4- Thailand 10.7% 4- Germany 5.4%
5- South Africa 7.7% 5- India 4.3%
Pakistan 0.34% Pakistan 0.44%
OMAN’S MAIN ITEM OF EXPORTS: petroleum, fish, metals, textiles
OMAN’S MAIN ITEM OF IMPORTS: machinery and transport equipment, manufactured goods, food, livestock, lubricants
TRADE BETWEEN PAKISTAN & OMAN
(Million US$)
YEAR EXPORT IMPORT Balance of TOTAL EXPORT % SHARE IN TOTAL IMPORTS % SHARE IN
Trade OF PAKISTAN TOTAL EXP. OF PAKISTAN TOTAL IMPORTS
2000-01 43.720 25.550 18.17 9201.595 0.48 10728.918 0.24
2001-02 48.380 6.821 41.56 9202.218 0.53 10342.865 0.07
2002-03 42.436 10.936 31.500 11160.246 0.38 12220.253 0.08
2003-04 49.974 15.430 34.544 12313.000 0.40 15592.000 0.09
2004-05 49.444 38.592 10.852 14,391.081 0.34 20,598.114 0.187
2005-06 55.838 70.311 (14.473) 16,452.398 0.34 28,586.007 0.246
2006-07 63.636 79.326 (15.690) 16,976.243 0.37 30,539.709 0.25
100
80
60
Exports
40
20 Imports
0
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07
Share of Pakistan Exports in Oman’s Imports (2006) = 0.44 % Share of Pakistan Imports in Oman’s Exports (2006) = 0.34%
Major items of export from Pakistan to Oman Major Items of Import from Oman to Pakistan
(US$ Million) (US$ Million)
Commodity Description 02-03 03-04 04-05 05-06 06-07 Commodity Description 02-03 03-04 04-05 05-06 06-07
Rice 21.797 33.076 34.273 38.779 44.09 Copper & articles 6.759 7.585 24.156 24.911 28.08
Cotton Yarn & woven
4.656 4.271 2.000 1.525 1.72 Iron, steel & articles 0.270 1.368 4.686 5.118 5.71
fabrics
Plastic & articles there
Ed. Fruits, nuts etc. 1.494 2.353 1.966 3.92 4.45 1.736 2.145 2.928 4.817 5.39
of
Man made filament &
3.784 2.006 1.706 1.182 1.34 Organic chemicals 0.307 2.033 0.705 2.048 2.379
yarns
Article of apparel/cloth
1.824 0.503 1.455 1.598 1.591 Soap, waxes etc. 0.140 0.112 3.184 1.298 1.42
access.
Source: WTO Trade data base, World Development Indicators, Federal Bureau of Statistics
