Armenia (ARM) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Armenia-Oman Trade: In 2023, Armenia exported $97.1k to Oman. The main products that Armenia exported to Oman were Granite ($66.2k), Audio Alarms ($16.2k), and Stranded Iron Wire ($14.2k). Over the past 6 years the exports of Armenia to Oman have increased at an annualized rate of 12.2%, from $48.7k in 2017 to $97.1k in 2023.

In 2023, Armenia did not export any services to Oman.

Oman-Armenia Trade: In 2023, Oman exported $452k to Armenia. The main products that Oman exported to Armenia were Perfumes ($309k), Delivery Trucks ($57.2k), and Building Stone ($40.6k). Over the past 6 years the exports of Oman to Armenia have increased at an annualized rate of 10.1%, from $106k in 2017 to $452k in 2023.

In 2023, Oman did not export any services to Armenia.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $97.1k to Oman. The main products exported from Armenia to Oman were Granite ($66.2k), Audio Alarms ($16.2k), and Stranded Iron Wire ($14.2k). During the last 6 years the exports of Armenia to Oman have increased at an annualized rate of 12.2%, from $48.7k in 2017 to $97.1k in 2023.

In 2018, Oman exported $452k to Armenia. The main products exported from Oman to Armenia were Perfumes ($309k), Delivery Trucks ($57.2k), and Building Stone ($40.6k). During the last 5 years the exports of Oman to Armenia have increased at an annualized rate of 10.1%, from $106k in 2023 to $452k in 2018.

Exports from Armenia () to Oman () (2023)

Exports from Oman () to Armenia () (2023)

Latest Data

Trade between Armenia () and Oman ()

Armenia Exports

Date

Oman Exports

Date

Nov 2018

Oct 2018

May 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Oman
Top DestinationChina$30.2B

This map shows whether countries import more from Armenia or Oman. Each country is colored based on the difference in imports they receive from Armenia and Oman or the difference in the growth in imports.

In 2023, countries that imported more from Armenia than Oman included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

In 2023, countries that imported more from Oman than Armenia included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

Difference in imports from Oman () and Armenia () (2023)

Comparative Advantage Armenia - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Oman by product, considering products traded by both, Armenia and Oman.

During 2023, Armenia had a large net trade with Oman in the exports of Mineral Products ($66.2k), Machines ($16.2k), and Metals ($14.2k).

During 2018, Oman had a large net trade with Armenia in the exports of Chemical Products ($309k), Transportation ($57.2k), and Stone And Glass ($40.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Oman+$25.3kOther Fruits

Top Product Potential Oman Armenia+$143kPolyacetals

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Oman. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Oman () (2023)

Exports from Oman () to Armenia () (2023)

Latest Data

Trade between Armenia () and Oman ()

Armenia Exports

Oman Exports

Market Competitiveness

Difference in imports from Oman () and Armenia () (2023)

Comparative Advantage Armenia - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Oman () (2023)

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