Trade with Oman - Omani businessmen active in West Asia

Omani traders

Oman is located in the southeast of the Arabian Peninsula and is bordered by the United Arab Emirates to the north, the Sea of Oman to the east, Yemen to the south, Saudi Arabia to the west, and the Persian Gulf to the northwest. The capital of this country is the city of Muscat, and the currency of this country is the Omani Rial (OMR). The official language of Oman is Arabic and the majority of people in this country speak Arabic. The majority of Omani people are Shia Muslims. Oman has a smaller market than some of its neighboring countries, but has a stable economy. The main sectors of the country's economy include oil, natural gas, trade, transportation, financial services, construction and industry.

Oman has rich natural resources including oil, natural gas, copper, non-metallic stones and precious stones. The products that the merchants of this country import and export to other countries include machinery, electronic devices, chemical products, industrial products, food and agricultural products, and textile products. Oman also exports oil and gas, precious stones, agricultural products including food products and tobacco, wooden products and textile products to other countries. The biggest trading partners of this country are mainly China, United Arab Emirates, Japan, India and South Korea. Also, Oman has strong trade relations with Arab, European and Asian countries. The biggest source of Oman's income is from oil and gas, export of agricultural and industrial products, financial services and tourism.