Flag China / Oman Flag

Exports Flag β†’ Flag  (2018): $2.42B, Rnk 76 / 206

Top Product Flag β†’ Flag (2018): $203M, Polycarboxylic Acids

Exports Flag β†’ Flag (2018): $16.7B, Rnk 1 / 162

Top Product Flag β†’ Flag (2018): $15.4B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI -0.046, Rnk 68 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP Flag (2018): $79.3B, CURRENT US$
Rnk 68 / 196

GDP GROWTH Flag (2008-2018): 30.2%, CURRENT US$
Rnk 111 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

GDP PC Flag (2018): $16,415, CURRENT US$
Rnk 57 / 196

GDP PC GROWTH Flag (2008-2018): -25.9%, CURRENT US$
Rnk 190 / 196

China-Oman: In 2018, China exported $2.42B to Oman. The main products exported from China to Oman were Polycarboxylic Acids ($203M), Iron Pipes ($140M), and Refined Petroleum ($130M). During the last 23 years the exports of China to Oman have increased at an annualized rate of 18.5%, from $48.4M in 1995 to $2.42B in 2018.

Oman-China: In 2018, Oman exported $16.7B to China. The main products exported from Oman to China were Crude Petroleum ($15.4B), Cyclic Hydrocarbons ($443M), and Petroleum Gas ($249M). During the last 23 years the exports of Oman to China have increased at an annualized rate of 16.2%, from $524M in 1995 to $16.7B in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Oman ranked 68 in the Economic Complexity Index (ECI -0.046), and 56 in total exports ($41.1B). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and Oman was ranked 57 with a GDP Per Capita of $16,415.

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $2.42B to Oman. The main products exported from China to Oman were Polycarboxylic Acids ($203M), Iron Pipes ($140M), and Refined Petroleum ($130M). During the last 23 years the exports of China to Oman have increased at an annualized rate of 18.5%, from $48.4M in 1995 to $2.42B in 2018.

In 2018, Oman exported $16.7B to China. The main products exported from Oman to China were Crude Petroleum ($15.4B), Cyclic Hydrocarbons ($443M), and Petroleum Gas ($249M). During the last 23 years the exports of Oman to China have increased at an annualized rate of 16.2%, from $524M in 1995 to $16.7B in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

Oman
Top Destination
: China, $16.7B

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

In 2018, countries that imported more from China than Oman were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, no countries were registered that imported more from Oman than from China.

Comparative Advantage China - Oman

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Depth

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

During 2018, China had a large net trade with Oman in the exports of Machines ($749M), Metals ($459M), and Chemical Products ($302M).

During 2018, Oman had a large net trade with China in the exports of Mineral Products ($15.9B), Chemical Products ($689M), and Transportation ($67.1M).

Tariff Section

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

In 2018, the products from China that paid the highest import tariffs to enter Oman were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

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

Explore Tariff Data

*The tariffs present between China and Oman are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between China and Oman. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 China has comparative advantage over Oman. Similarly, the more red a dot/product is, the more Oman has comparative advantage over China.