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Oman OMAN GENERAL INFORMATION Member Trade Bloc

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Oman OMAN GENERAL INFORMATION Member Trade Bloc Powered By Docstoc
					                                                                                   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

				
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