Colombia (COL) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Colombia-Oman Trade: In 2023, Colombia exported $2.7M to Oman. The main products that Colombia exported to Oman were Other Pure Vegetable Oils ($625k), Confectionery Sugar ($467k), and Coffee ($465k). Over the past 5 years the exports of Colombia to Oman have increased at an annualized rate of 31.9%, from $676k in 2018 to $2.7M in 2023.

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

Oman-Colombia Trade: In 2023, Oman exported $9.1M to Colombia. The main products that Oman exported to Colombia were Aluminium Wire ($4.88M), Raw Plastic Sheeting ($3.67M), and Insulated Wire ($261k). Over the past 5 years the exports of Oman to Colombia have increased at an annualized rate of 9.86%, from $5.69M in 2018 to $9.1M in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $2.7M to Oman. The main products exported from Colombia to Oman were Other Pure Vegetable Oils ($625k), Confectionery Sugar ($467k), and Coffee ($465k). During the last 5 years the exports of Colombia to Oman have increased at an annualized rate of 31.9%, from $676k in 2018 to $2.7M in 2023.

In 2018, Oman exported $9.1M to Colombia. The main products exported from Oman to Colombia were Aluminium Wire ($4.88M), Raw Plastic Sheeting ($3.67M), and Insulated Wire ($261k). During the last 5 years the exports of Oman to Colombia have increased at an annualized rate of 9.86%, from $5.69M in 2023 to $9.1M in 2018.

Exports from Colombia () to Oman () (2023)

Exports from Oman () to Colombia () (2023)

Latest Data

Trade between Colombia () and Oman ()

Colombia Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Colombia than Oman included United States ($14.8B), Panama ($4.66B), and Netherlands ($2.38B).

In 2023, countries that imported more from Oman than Colombia included China ($30.2B), Saudi Arabia ($3.64B), and United Arab Emirates ($3.49B).

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

Comparative Advantage Colombia - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Oman in the exports of Foodstuffs ($762k), Animal and Vegetable Bi-Products ($625k), and Machines ($497k).

During 2018, Oman had a large net trade with Colombia in the exports of Metals ($4.89M), Plastics and Rubbers ($3.71M), and Machines ($352k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Oman+$784kPackaged Medicaments

Top Product Potential Oman Colombia+$5.26MNitrogenous Fertilizers

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 Colombia and Oman. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Colombia.

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Oman () (2023)

Exports from Oman () to Colombia () (2023)

Latest Data

Trade between Colombia () and Oman ()

Colombia Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Colombia - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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