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2023
Flag → Flag
Exports $249MRnk 84 / 220
2023
Flag → Flag
Top Product $32.1MFishing Ships
2023
Flag → Flag
Exports $246MRnk 29 / 171
2023
Flag → Flag
Top Product $84.5MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
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GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$21,550CURRENT US$
Rnk 62 / 196
2013-2023
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GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Spain-Oman Trade: In 2023, Spain exported $249M to Oman. The main products that Spain exported to Oman were Fishing Ships ($32.1M), Petroleum Coke ($23.5M), and Tanks and Armored vehicles ($9.99M). Over the past 5 years the exports of Spain to Oman have increased at an annualized rate of 5.39%, from $191M in 2018 to $249M in 2023.

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

Oman-Spain Trade: In 2023, Oman exported $246M to Spain. The main products that Oman exported to Spain were Petroleum Gas ($84.5M), Refined Petroleum ($55.3M), and Cyclic Hydrocarbons ($12.5M). Over the past 5 years the exports of Oman to Spain have increased at an annualized rate of 41.6%,  from $43.4M in 2018 to $246M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €8.35M and imported €8.67M from Oman, resulting in a negative trade balance of €320k. Between November 2023 and November 2024 the exports of Spain have decreased by €-8.39M (-50.1%) from €16.7M to €8.35M, while imports increased by €4.36M (101%) from €4.32M to €8.67M.

Trade In November 2024, the top exports of Spain to Oman were Liquid Pumps (€1.48M), Other Uncoated Paper (€1.23M), Reaction and Catalytic Products (€971k), Low-voltage Protection Equipment (€749k), and Unglazed Ceramics (€639k). In November 2024 the top imports of Spain from Oman were Ammonia (€12.4M), Non-fillet Frozen Fish (€2.56M), Aluminium Wire (€1.14M), Insulated Wire (€1.13M), and Stranded Aluminium Wire (€667k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€2.22M), Sevilla (€859k), Madrid (€764k), Castellón (€700k), and Cádiz (€513k), while imports destinations were mainly Barcelona (€2.46M), Pontevedra (€2.45M), A Coruña (€1.05M), and Alicante (€670k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Oman was explained primarily by an decrease in product exports in Polycarboxylic Acids (€-1.22M or -82.7%), Valves (€-585k or -75.7%), and Gas and Liquid Flow Measuring Instruments (€-506k or -94.8%). In November 2024, the increase in Spain's year-by-year imports  from Oman was explained primarily by an increase in product imports  in Non-fillet Frozen Fish (€2.47M or 2.59k%), Ammonia (€2.1M or 20.3%), and Aluminium Wire (€753k or 196%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-8.39M(-50.1%)
IMPORT GROWTH (November 2023 - November 2024)€4.36M(101%)
MAIN EXPORTER (November 2024)Barcelona€2.22M

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

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

For full datasets download visit Bulk Download page.

Explore Oman and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $249M to Oman. The main products exported from Spain to Oman were Fishing Ships ($32.1M), Petroleum Coke ($23.5M), and Tanks and Armored vehicles ($9.99M). During the last 5 years the exports of Spain to Oman have increased at an annualized rate of 5.39%, from $191M in 2018 to $249M in 2023.

In 2018, Oman exported $246M to Spain. The main products exported from Oman to Spain were Petroleum Gas ($84.5M), Refined Petroleum ($55.3M), and Cyclic Hydrocarbons ($12.5M). During the last 5 years the exports of Oman to Spain have increased at an annualized rate of 41.6%, from $43.4M in 2023 to $246M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Spain than Oman included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Oman than Spain included China ($30.2B), India ($4.5B), and Chinese Taipei ($2.44B).

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

Comparative Advantage Spain - Oman

Flow
Scale

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

During 2023, Spain had a large net trade with Oman in the exports of Transportation ($57.8M), Machines ($39.6M), and Mineral Products ($25.7M).

During 2018, Oman had a large net trade with Spain in the exports of Mineral Products ($140M), Chemical Products ($36M), and Metals ($21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Oman+$19.8MRefined Petroleum
Top Product Potential Oman Spain+$101MPetroleum Gas

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

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

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