2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC 
$10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC
$21,550CURRENT US$
Rnk 62 / 196
2013-2023
Flag
GDP PC GROWTH
-8.13%CURRENT US$
Rnk 164 / 195

About

Brazil-Oman Trade: In 2023, Brazil exported $1.31B to Oman. The main products that Brazil exported to Oman were Iron Ore ($964M), Poultry Meat ($161M), and Soybeans ($64M). Over the past 5 years the exports of Brazil to Oman have increased at an annualized rate of 16.2%, from $618M in 2018 to $1.31B in 2023.

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

Oman-Brazil Trade: In 2023, Oman exported $719M to Brazil. The main products that Oman exported to Brazil were Nitrogenous Fertilizers ($605M), Refined Petroleum ($76.8M), and Polyacetals ($13M). Over the past 5 years the exports of Oman to Brazil have increased at an annualized rate of 34.9%,  from $161M in 2018 to $719M in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). 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
Value

In 2023, Brazil exported $1.31B to Oman. The main products exported from Brazil to Oman were Iron Ore ($964M), Poultry Meat ($161M), and Soybeans ($64M). During the last 5 years the exports of Brazil to Oman have increased at an annualized rate of 16.2%, from $618M in 2018 to $1.31B in 2023.

In 2018, Oman exported $719M to Brazil. The main products exported from Oman to Brazil were Nitrogenous Fertilizers ($605M), Refined Petroleum ($76.8M), and Polyacetals ($13M). During the last 5 years the exports of Oman to Brazil have increased at an annualized rate of 34.9%, from $161M in 2023 to $719M in 2018.

Exports from Brazil (Flag) to Oman (Flag) (2023)

Exports from Oman (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top Destination
China$106B
Oman
Top Destination
China$30.2B

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

In 2023, countries that imported more from Brazil than Oman included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Oman than Brazil included South Africa ($2.57B), Madagascar ($647M), and Croatia ($562M).

Difference in imports from Oman (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Oman

Flow
Scale

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

During 2023, Brazil had a large net trade with Oman in the exports of Mineral Products ($988M), Animal Products ($163M), and Vegetable Products ($85.4M).

During 2018, Oman had a large net trade with Brazil in the exports of Chemical Products ($607M), Mineral Products ($82M), and Plastics and Rubbers ($23.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Oman+$6.1MCorn
Top Product Potential Oman Brazil+$93.5MRefined 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 Brazil and Oman. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Oman (Flag) (2023)

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