Oman runs a considerable trade surplus. Since 1967, oil has been the chief export. In 2000 Oman's major export commodities were crude petroleum (80%) and motor vehicles and parts (3.4%). Other exports included tobacco (1.2%) and apparel (1.1%). In 2000 Oman's imports were distributed among the following categories: consumer goods, 18.2%; food, 13.2%; fuels, 1.7%; industrial supplies, 20.2%; machinery, 18.4%; transportation, 25.7%; and other, 2.6%. Principal trading partners in 2000 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
United Arab Emirates | 9,505 | 1,487 | 8,018 |
Sa'udi Arabia | 163 | 138 | 25 |
Iran | 152 | 61 | 91 |
Yemen | 152 | n.a. | n.a. |
United States | 107 | 270 | -163 |
United Kingdom | 74 | 293 | -219 |
China (inc. Hong Kong) | 18 | 127 | 591 |
Germany | 17 | 187 | -109 |
Korea | 8 | 174 | -166 |
Japan | 8 | 913 | -905 |
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