Flag India / Oman Flag

Exports Flag β†’ Flag  (2018): $1.88B, Rnk 37 / 211

Top Product Flag β†’ Flag (2018): $404M, Refined Petroleum

Exports Flag β†’ Flag (2018): $3.31B, Rnk 2 / 162

Top Product Flag β†’ Flag (2018): $1.49B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

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

GDP Flag (2018): $2.72T, CURRENT US$
Rnk 7 / 196

GDP GROWTH Flag (2008-2018): 127%, CURRENT US$
Rnk 20 / 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): $2,010, CURRENT US$
Rnk 152 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 16 / 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

India-Oman: In 2018, India exported $1.88B to Oman. The main products exported from India to Oman were Refined Petroleum ($404M), Other Sea Vessels ($194M), and Rice ($123M). During the last 23 years the exports of India to Oman have increased at an annualized rate of 10.5%, from $189M in 1995 to $1.88B in 2018.

Oman-India: In 2018, Oman exported $3.31B to India. The main products exported from Oman to India were Crude Petroleum ($1.49B), Petroleum Gas ($552M), and Nitrogenous Fertilizers ($435M). During the last 23 years the exports of Oman to India have increased at an annualized rate of 24.8%, from $20.4M in 1995 to $3.31B in 2018.

Comparison: In 2018, India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). 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, India was ranked 152 with a GDP Per Capita of $2,010, 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, India exported $1.88B to Oman. The main products exported from India to Oman were Refined Petroleum ($404M), Other Sea Vessels ($194M), and Rice ($123M). During the last 23 years the exports of India to Oman have increased at an annualized rate of 10.5%, from $189M in 1995 to $1.88B in 2018.

In 2018, Oman exported $3.31B to India. The main products exported from Oman to India were Crude Petroleum ($1.49B), Petroleum Gas ($552M), and Nitrogenous Fertilizers ($435M). During the last 23 years the exports of Oman to India have increased at an annualized rate of 24.8%, from $20.4M in 1995 to $3.31B in 2018.

Market Competitiveness

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Measure

India
Top Destination
: United States, $52B

Oman
Top Destination
: China, $16.7B

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

In 2018, countries that imported more from India than Oman were United States ($52B), United Arab Emirates ($27.1B), and Hong Kong ($12.8B).

In 2018, countries that imported more from Oman than India were China ($16.7B).

Comparative Advantage India - Oman

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Depth

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

During 2018, India had a large net trade with Oman in the exports of Mineral Products ($438M), Transportation ($292M), and Machines ($258M).

During 2018, Oman had a large net trade with India in the exports of Mineral Products ($2.23B), Chemical Products ($558M), and Transportation ($327M).

Tariff Section

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

In 2018, the products from India that paid the highest import tariffs to enter Oman were Food preparations nes (150%) and Grape wines, sparkling (150%).

In 2018, the products from Oman that paid the highest import tariffs to enter India 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 India and Oman are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between India 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 India has comparative advantage over Oman. Similarly, the more red a dot/product is, the more Oman has comparative advantage over India.