Armenia (ARM) and Oman (OMN) Trade

About

Armenia-Oman: In 2018, Armenia exported $197k to Oman. The main products that Armenia exported to Oman are Wood Carpentry ($98.2k), Electric Batteries ($63.1k), and Hard Liquor ($31.5k). During the last 23 years the exports of Armenia to Oman have increased at an annualized rate of 6.78%, from $43.6k in 1995 to $197k in 2018.

In 2018, Armenia did not exported services to Oman.

Oman-Armenia: In 2018, Oman exported $97.3k to Armenia . The main products that Oman exported to Armenia were Building Stone ($60.8k), Polyacetals ($31.5k), and Sauces and Seasonings ($5.01k). During the last 23 years the exports of Armenia to Oman have increased at an annualized rate of 6.78%, from $43.6k in 1995 to $197k in 2018.

In 2018, Oman did not exported services to Armenia.

Comparison: In 2018, Armenia ranked 78 in the Economic Complexity Index (ECI -0.24), and 126 in total exports ($2.85B). That same year, Oman ranked 68 in the Economic Complexity Index (ECI -0.046), and 56 in total exports ($41.1B).

Product Trade

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Bilateral Trade by Products

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In 2018, Armenia exported $197k to Oman. The main products exported from Armenia to Oman were Wood Carpentry ($98.2k), Electric Batteries ($63.1k), and Hard Liquor ($31.5k). During the last 23 years the exports of Armenia to Oman have increased at an annualized rate of 6.78%, from $43.6k in 1995 to $197k in 2018.

In 2018, Oman exported $97.3k to Armenia. The main products exported from Oman to Armenia were Building Stone ($60.8k), Polyacetals ($31.5k), and Sauces and Seasonings ($5.01k). During the last 23 years the exports of Oman to Armenia have decreased at an annualized rate of 5.02%, from $318k in 1995 to $97.3k in 2018.

Latest Data

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Market Competitiveness

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Measure

SectionYear

Armenia
Top Destination: Russia, $661M

Oman
Top Destination: China, $16.7B

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 2018, countries that imported more from Armenia than Oman were Russia ($661M), Switzerland ($506M), and Bulgaria ($215M).

In 2018, countries that imported more from Oman than Armenia were China ($16.7B), India ($3.31B), and United Arab Emirates ($2.84B).

Comparative Advantage Armenia - Oman

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Depth

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

During 2018, Armenia had a large net trade with Oman in the exports of Wood Products ($98.2k), Machines ($63.1k), and Foodstuffs ($32.7k).

During 2018, Oman had a large net trade with Armenia in the exports of Stone And Glass ($60.8k), Plastics and Rubbers ($31.5k), and Foodstuffs ($5.01k).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Armenia and Oman (using the HS6 product classification and the last year reported).

In 2018, the products from Armenia that paid the highest import tariffs to enter Oman were Meat and edible offal: of geese, not cut in pieces, frozen (80%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (41.3%).

In 2018, the products from Oman that paid the highest import tariffs to enter Armenia were Swine carcasses and half carcasses, fresh or chilled (100%) and Swine hams, shoulders & cuts bone in, fresh or chille (100%).

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*The tariffs present between Armenia and Oman are:
136: Most Favoured Nation duty rate treatement
155: Preferential tariff among Developing Countries

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Oman. Similarly, the more red a dot/product is, the more Oman has comparative advantage over Armenia.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Armenia - Oman

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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