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2022
Flag → Flag
Exports $410MRnk 71 / 222
2022
Flag → Flag
Top Product $112MConcentrated Milk
2022
Flag → Flag
Exports $223MRnk 34 / 171
2022
Flag → Flag
Top Product $155MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Belgium-Oman Trade: In 2022, Belgium exported $410M to Oman. The main products that Belgium exported to Oman were Concentrated Milk ($112M), Gas Turbines ($64.8M), and High-voltage Protection Equipment ($45.6M). Over the past 5 years the exports of Belgium to Oman have increased at an annualized rate of 18.5%, from $175M in 2017 to $410M in 2022.

In 2022, Belgium did not export any services to Oman.

Oman-Belgium Trade: In 2022, Oman exported $223M to Belgium. The main products that Oman exported to Belgium were Refined Petroleum ($155M), Fish oil ($16M), and Antimony ($10.4M). Over the past 5 years the exports of Oman to Belgium have increased at an annualized rate of 82%,  from $11.1M in 2017 to $223M in 2022.

In 2022, Oman did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €9.57M and imported €310k from Oman, resulting in a positive trade balance of €9.26M. Between July 2023 and July 2024 the exports of Belgium have increased by €513k (5.66%) from €9.06M to €9.57M, while imports increased by €238k (328%) from €72.5k to €310k.

Trade In July 2024, the top exports of Belgium to Oman were Cars, tractors, trucks & parts thereof. (€1.97M), Machinery, mechanical appliances, & parts (€1.54M), Pharmaceutical products (€1.24M), Optical, photo, & film equipment; medical... (€696k), and Preparations of vegetables, fruit, nuts or... (€579k). In July 2024 the top imports of Belgium from Oman were Plastics & articles thereof (€202k), Electrical machinery and electronics (€54.2k), Fish, crustaceans, & molluscs (€5.11k), Optical, photo, & film equipment; medical... (€1.66k), and Miscellaneous metal products (€370).

Growth In July 2024, the increase in Belgium's year-by-year exports to Oman was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€1.83M or 1.37k%), Machinery, mechanical appliances, & parts (€1.12M or 265%), and Pharmaceutical products (€456k or 58%). In July 2024, the increase in Belgium's year-by-year imports  from Oman was explained primarily by an increase in product imports  in Plastics & articles thereof (€66.7k or 49.4%), Optical, photo, & film equipment; medical... (€1.41k or 547%), and Pharmaceutical products (€131 or 468%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€513k(5.66%)
IMPORT GROWTH (July 2023 - July 2024)€238k(328%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Oman and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $410M to Oman. The main products exported from Belgium to Oman were Concentrated Milk ($112M), Gas Turbines ($64.8M), and High-voltage Protection Equipment ($45.6M). During the last 5 years the exports of Belgium to Oman have increased at an annualized rate of 18.5%, from $175M in 2017 to $410M in 2022.

In 2017, Oman exported $223M to Belgium. The main products exported from Oman to Belgium were Refined Petroleum ($155M), Fish oil ($16M), and Antimony ($10.4M). During the last 5 years the exports of Oman to Belgium have increased at an annualized rate of 82%, from $11.1M in 2022 to $223M in 2017.

Exports from Belgium (Flag) to Oman (Flag) (2022)

Exports from Oman (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Belgium than Oman included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Oman than Belgium included China ($30.4B), South Korea ($4.64B), and Chinese Taipei ($2.69B).

Difference in imports from Oman (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Oman

Flow
Scale

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

During 2022, Belgium had a large net trade with Oman in the exports of Machines ($140M), Animal Products ($113M), and Chemical Products ($45.8M).

During 2017, Oman had a large net trade with Belgium in the exports of Mineral Products ($155M), Plastics and Rubbers ($23.7M), and Animal and Vegetable Bi-Products ($16M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Oman+$15.6MCars
Top Product Potential Oman Belgium+$57.3MRefined Petroleum

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

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

Product Space of Belgium (Flag) and Oman (Flag) (2022)

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