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Oman

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

Powering Mutually Beneficial Global Trade.

 

Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
2.1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
1.95
1.32
0.63

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Sunday, April 20, 2025, here's the latest update on tariffs related to Oman: General Tariff Rates in Oman: Oman generally imposes low tariff rates, typically not exceeding 10%, on imports from non-American and non-GCC (Gulf Cooperation Council) countries. US-Oman Free Trade Agreement (FTA): The US-Oman FTA has been in effect since January 1, 2009.   Under this agreement, virtually all products originating from the United States enjoy duty-free access to Oman. Oman has phased out nearly all tariffs on the remaining handful of US-origin products. This phase-out was completed by 2019.   Similarly, the United States provides immediate duty-free access for 100% of Oman's current exports of agricultural products to the U.S. Most industrial and consumer goods also became duty-free upon the FTA's entry into force, with the remaining tariffs phased out within 10 years (by January 1, 2019).   Recent Developments and Considerations: GCC Unified Tariff (Effective January 1, 2025): Oman Customs implemented a new version of the GCC Unified Tariff on January 1, 2025. This changed Oman's Harmonized System (HS) code structure from 8 to 12 digits to improve the accuracy of import and export data. Crucially, the customs duty rates assigned to the initial 8-digit tariff codes did not change. Therefore, the existing tariff rates, including the duty-free access for most U.S. goods under the FTA, should remain the same.   Implementation Challenges: Despite the FTA, some U.S. firms have reported occasional difficulties importing goods duty-free. This can include instances where the Royal Oman Police Directorate General of Customs (ROP Customs) incorrectly collects duties on bonded items transshipped via the UAE or due to issues with marking goods as "Made in the USA". Rules of Origin: To benefit from the FTA's preferential treatment, goods must meet specific rules of origin. Generally, this means they must be wholly grown, produced, or manufactured in the U.S. or Oman, or undergo substantial transformation with a certain percentage of domestic content.   Excise Tax and VAT: Oman also levies excise taxes on specific goods like alcoholic beverages, carbonated drinks, energy drinks, pork products, and tobacco (ranging from 50% to 100%). Additionally, a 5% Value Added Tax (VAT) is applied to most goods and services, consistent with the GCC Unified Agreement.   In summary, the most significant recent update regarding tariffs on Oman is the implementation of the new GCC Unified Tariff in January 2025, which changed the HS code structure but did not alter the existing duty rates. The US-Oman Free Trade Agreement continues to provide duty-free access for the vast majority of goods traded between the two countries. Businesses should be aware of the specific rules of origin and potential implementation challenges when importing under the FTA

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the United States from Oman by value are: Plastics ($391.36 Million) Aluminum ($244.43 Million) Pearls, precious stones, metals, coins ($217.69 Million) Articles of iron or steel ($141.02 Million) Commodities not specified according to kind ($128.51 Million) Here's a look at which states in the US have manufacturing capabilities for similar products, along with examples of companies: Plastics: Texas: Has a large petrochemical industry and numerous companies producing various plastic resins and products (e.g., Dow Chemical, ExxonMobil Chemical).   Louisiana: Another major hub for chemical and polymer manufacturing (e.g., Westlake Chemical, Shintech).   Michigan: Has a significant presence in plastics manufacturing, particularly for the automotive industry (e.g., LyondellBasell, Cascade Engineering).   Other states with substantial plastics manufacturing include California, Ohio, Illinois, and Pennsylvania.   Aluminum: Kentucky: Home to significant aluminum production facilities (e.g., Century Aluminum, Logan Aluminum). Washington: Has hydroelectric power, which is crucial for energy-intensive aluminum smelting (though primary smelting has decreased, fabrication remains). Alabama: Has aluminum production and processing plants (e.g., Wise Alloys).   Other states with aluminum manufacturing include Indiana, Tennessee, and South Carolina.   Pearls, precious stones, metals, coins (Jewelry and Precious Metals): New York: Specifically, the Diamond District in New York City is a major center for jewelry manufacturing and trading.   Rhode Island: Has a history of jewelry manufacturing.   California: Has a significant jewelry industry, particularly in the Los Angeles area. Articles of iron or steel: Pennsylvania: Has a long history of steel production and manufacturing of iron and steel articles (e.g., U.S. Steel, Nucor).   Ohio: Another major steel-producing state with fabrication facilities.   Indiana: Has a significant steel industry (e.g., Steel Dynamics, ArcelorMittal).   Other states with iron and steel manufacturing include Illinois, Michigan, and Alabama.   Commodities not specified according to kind: This is a broad category and difficult to pinpoint specific manufacturing states or companies without more specific product details. It could include a wide array of goods. It's important to note that while these states have the capacity to manufacture similar types of goods, the specific grades, qualities, and applications might differ from the products imported from Oman. Additionally, the US and Oman may have specific trade relationships or agreements that influence the import of these commodities. For instance, the U.S.-Oman Free Trade Agreement (OUSFTA) has eliminated tariffs on most U.S. goods and provides significant duty-free access for Omani products meeting the rules of origin. This can make imports competitive even when domestic manufacturing exists

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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