Oman's balance of payments account is dominated by crude oil export earnings, consumer and capital goods and services, imports payments, and by large outgoing remittances by foreign workers.
The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Oman's exports was $10.9 billion while imports totaled $5.4 billion resulting in a trade surplus of $5.5 billion.
The International Monetary Fund (IMF) reports that in 2001 Oman had exports of goods totaling $11.1 billion and imports totaling $5.31 billion. The services credit totaled $349 million and debit $1.68 billion. The following table summarizes Oman's balance of payments as reported by the IMF for 2001 in millions of US dollars.
|Balance on goods||5,763|
|Balance on services||-1,329|
|Balance on income||-588|
|Direct investment abroad||…|
|Direct investment in Oman||42|
|Portfolio investment assets||…|
|Portfolio investment liabilities||13|
|Other investment assets||229|
|Other investment liabilities||-1,170|
|Net Errors and Omissions||-384|
|Reserves and Related Items||-1,034|