Mention any 4 items that the merchants of Oman traded from India.
Answers
The history of seafaring in Oman began during the 3rd millennium BC. Oman’s early and active engagement in maritime trade was due to its strategic position between Southeast Asia and Africa, its long coastline and its safe natural harbours. The Omanis were known for building and exporting very good ships, and they traded with precious goods such as frankincense. In the 9th century AD, Oman’s military and merchant fleet was considerably reinforced. This led to an expansion of the country’s maritime trade and to a dissemination of its culture and religion, Islam, for instance in South China where considerable numbers of Arab merchants settled. The port city of Sohar became an important entrepot on the sea route between East and West. Omani merchants also traded with Africa and settled there. Even though the role of the entrepots in Oman declined from the late 15th century onwards, the country continues to play a significant role for maritime trade.
Answer:
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Flag Oman (OMN) Exports, Imports, and Trade Partners
Flag Oman
ECON COMPLEXITY (2018)
:
-0.046,
RANK 68 OF 137
PRODUCT EXPORTS (2018)
:
$41.1B,
RANK 56 OF 222
EXPORTS PER CAPITA (2018)
:
$8.51k,
RANK 65 OF 219
PRODUCT IMPORTS (2018)
:
$33.5B,
RANK 66 OF 221
IMPORTS PER CAPITA (2018)
:
$6.93k,
RANK 68 OF 219
SERVICE EXPORTS (2018)
:
$4.46B,
RANK 45 OF 88
SERVICE IMPORTS (2018)
:
$11.7B,
RANK 30 OF 88
GDP (2018)
:
$79.3B,
CURRENT US$
RANK 68 OF 196
GDP GROWTH (2008 - 2018)
:
30.2%,
CURRENT US$
RANK 111 OF 196
GDP PC (2018)
:
$16,415,
CURRENT US$
RANK 57 OF 196
GDP PC GROWTH (2008 - 2018)
:
-25.9%,
CURRENT US$
RANK 190 OF 196
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Overview: In 2018 Oman was the number 68 economy in the world in terms of GDP (current US$), the number 56 in total exports, the number 66 in total imports, and the number 68 most complex economy according to the Economic Complexity Index (ECI). In 2018, Oman exported $41.1B and imported $33.5B, resulting in a positive trade balance of $7.66B. In 2018, Oman's exports per capita were $8.51k and its imports per capita were $6.93k.
Trade: The top exports of Oman are Crude Petroleum ($20B), Petroleum Gas ($3.29B), Refined Petroleum ($2.8B), Iron Ore ($841M), and Cyclic Hydrocarbons ($832M). The top imports of Oman are Cars ($2.19B), Refined Petroleum ($1.92B), Iron Ore ($818M), Broadcasting Equipment ($691M), and Planes, Helicopters, and/or Spacecraft ($624M).
Destinations: Oman exports mostly to China ($16.7B), India ($3.31B), United Arab Emirates ($2.84B), South Korea ($2.49B), and Saudi Arabia ($2.14B), and imports mostly from United Arab Emirates ($11.7B), China ($2.42B), India ($1.88B), Japan ($1.54B), and United States ($1.38B).
Location: Oman borders Saudi Arabia, United Arab Emirates, and Yemen by land and Iran and Pakistan by sea.
Explanation:
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