• overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

US$ 9,988.98mn
Bilateral trade in 2021-2022

US$ 549.53mn

FDI inflows from April 2001 to March 2022

624,000
Indians currently live in Oman

Energy

In 2018, India was the second largest (after China) importer of oil from Oman and imported 21,908 barrels.

Trade

Oman has made importing and exporting faster by upgrading infrastructure and introducing necessary audits.

Investment

Oman has strengthened minority investor protections by increasing shareholder rights as well as clarifying control.

Sectors

Oman offers opportunities in agriculture, healthcare, infrastructure, tourism, chemicals & fertilizers, education, oil & gas and mining.

Economy

Around 6 per cent growth expected in 2020 as Oman significantly raises investment in the Khazzan gas field (as per World Bank).

India's Exports and Imports to Oman

Dated: 06/02/2023
Values in US $ Millions

Country / Region:  OMAN

S.No. \Year 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
1. EXPORT 2,439.46 2,246.31 2,261.81 2,355.30 3,148.33
2. %Growth -7.92 0.69 4.13 33.67
3. India’s Total Export 303,526.16 330,078.09 313,361.04 291,808.48 422,004.40
4. %Growth 8.75 -5.06 -6.88 44.62
5. %Share 0.80 0.68 0.72 0.81 0.75
6. IMPORT 4,264.29 2,759.00 3,669.33 3,087.93 6,840.65
7. %Growth -35.30 33.00 -15.85 121.53
8. India’s Total Import 465,580.99 514,078.42 474,709.28 394,435.88 613,052.05
9. %Growth 10.42 -7.66 -16.91 55.43
10. %Share 0.92 0.54 0.77 0.78 1.12
11. TOTAL TRADE 6,703.76 5,005.30 5,931.14 5,443.22 9,988.98
12. %Growth -25.34 18.50 -8.23 83.51
13. India’s Total Trade 769,107.15 844,156.51 788,070.32 686,244.36 1,035,056.45
14. %Growth 9.76 -6.64 -12.92 50.83
15. %Share 0.87 0.59 0.75 0.79 0.97
16. TRADE BALANCE -1,824.83 -512.69 -1,407.52 -732.63 -3,692.32
17. India’s Trade Balance -162,054.83 -184,000.33 -161,348.24 -102,627.40 -191,047.65

Confederation of Indian Industry

+91-11-45771000, 24629994-7

Visit Website

The Mantosh Sondhi Centre 23, Institutional Area, Lodi Road, New Delhi - 110 003 (India)

FICCI

+91-11-23738760/70

Visit Website

Federation House, Tansen Marg, New Delhi, 110001

Mnistry of Commerce& Industry, Oman

+968 24858444

Visit Website

P.O. Box 550, Muscat, Oman

Indo-Arab Chamber of Commerce

,

+91-22-40606162

Visit Website

81/82, Mittal Court “C” Wing, 8th Floor, Nariman Point, Mumbai - 400 021. INDIA

Embassy of India, Muscat, Oman

+968 24684500

Visit Website

Jami’at Al – Dowal Al – Arabiya Street,
Diplomatic Area, Al Khuwair,
P.O. Box 1727, PC: 112

Opportunities

Agricultural exports

    Mixtures of juices, unfermented & not cont. added spirit, whether or not co … (200990)

    agriexchange.apeda.gov.in

    Cuts & edible offal of species Gallus domesticus, frozen (020714)
    Meat of fowls of species Gallus domesticus, not cut in pieces, frozen (020712)

    agriexchange.apeda.gov.in

    Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)

    agriexchange.apeda.gov.in

    OTHER WHEAT AND MESLIN (100199)
    Semi-milled/wholly milled rice, whether or not polished/glazed (100630)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)

    agriexchange.apeda.gov.in

    Milk & cream, concentrated (excl. in powder), unsweetened (040291)
    Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
    Yogurt (040310)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)

    agriexchange.apeda.gov.in

    Crustaceans; frozen, shrimps and prawns, excluding cold water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water (030617)
    Fish preparations; cabiar (160431)
    Fish preparations; tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) (160414)
    Fish; fresh or chilled, n.e.c. in heading 0302, excluding fillets, livers, roes, and other fish meat of heading 0304 (030289)
    Fish; frozen, n.e.c. in heading 0303, excluding fillets, livers, roes, and other fish meat of heading 0304 (030389)

    fishexchange.mpeda.gov.in
Employment Opportunities

*Information subject to changes amid the global COVID-19 pandemic.

Oman’s Ministry of manpower has provided many services for employees such as Human Recourses Management System and Salaries Sort and Classification.

In recent years, the Government of Oman has been pushing for Omanisation, limiting recruitment of expatriates. In January 2018, Oman had restricted hiring of expat workers in 87 job roles in sectors such as Information & Technology, Accounting & Finance, Marketing & Sales, Administration & Human Resources, Insurance, Information/Media Professions, Medical professions, Airport professions, Engineering professions and Technical Professions. The decision, initially imposed for six months, has since been extended for similar periods and is still in vogue.

There are about 800,000 Indians in Oman, of which about 666,000 are workers and professionals. Thousands of Indians are working as doctors, engineers, chartered accountants, teachers, lecturers, nurses, managers, among others.

Work and Employment: Oman Portal

More Info: Visa Types Information

Minerals

    Production: Chromite – 0.453 million tonnes

    Reserve: Chromite – 2.5 million tonnes

    ncsi.gov.om

    Reserves: 26 million tonnes

    ncsi.gov.om

    Production: 8.438 million tonnes

    Reserve: 1.2-1.8 billion tonnes

    ncsi.gov.om

    Production: Laterite (Iron Ore) 551,306 tonnes

    Reserve: Laterite (Iron Ore) 525 million tonnes

    NCSI.Gov.Om

    Production: 18.062 million tonnes

    Reserve: 24000 million tonnes

    ncsi.gov.om

    Manganese

    Production: 13,600 tonnes

    Reserve: 1.5 million tonnes

    ncsi.gov.om

    Production: 1.344 million tonnes

    Reserve: 1,500 million tonnes

    ncsi.gov.om

    Silica –

    Production: 34,000 tonnes

    Reserve: 19-35 million tonnes

    ncsi.gov.om

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Oman
  • Fertilizers; salt; sulphur; earths and stone; plastering materials, lime and cement
  • Mineral fuels, mineral oils and products of their distillation
  • Bituminous 3 substances
  • Mineral waxes
  • Aluminium and articles
  • Organic chemicals
  • Salt
  • Earths and stone
  • Plastering materials, lime and cement
India's top export to Oman
  • Mineral fuels
  • Mineral oils and products of their distillation
  • Boiler
  • Machinery and mechanical appliances
  • Articles of iron or steel
  • Electrical machinery and equipment
  • Textiles and garments
  • Chemicals
  • Tea, coffee, spices, cereals and meat products and seafood

Bilateral Investors

Country News

India to expand its Middle East ties by signing trade deal with Oman

May 2, 2024

India and Oman are poised to finalize a trade agreement …

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India Nears Trade Deal with Oman

February 27, 2024

India and Oman are on the verge of finalising discussions …

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India-Oman partnership to help both nations achieve Indo-Pacific vision

November 18, 2020

India’s Indo-pacific vision strengthens with the help of a long-standing …

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