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2023
Flag → Flag
Exports $435MRnk 86 / 219
2023
Flag → Flag
Top Product $98.2MRefined Petroleum
2023
Flag → Flag
Exports $135MRnk 45 / 171
2023
Flag → Flag
Top Product $48.9MRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 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

Italy-Oman Trade: In 2023, Italy exported $435M to Oman. The main products that Italy exported to Oman were Refined Petroleum ($98.2M), Valves ($27.8M), and Air Pumps ($16.3M). Over the past 5 years the exports of Italy to Oman have decreased at an annualized rate of 7.75%, from $652M in 2018 to $435M in 2023.

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

Oman-Italy Trade: In 2023, Oman exported $135M to Italy. The main products that Oman exported to Italy were Raw Aluminium ($48.9M), Polyacetals ($14.9M), and Ferroalloys ($7.02M). Over the past 5 years the exports of Oman to Italy have increased at an annualized rate of 6.69%,  from $97.6M in 2018 to $135M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €32.3M and imported €7.79M from Oman, resulting in a positive trade balance of €24.5M. Between October 2023 and October 2024 the exports of Italy have decreased by €-6.98M (-17.8%) from €39.3M to €32.3M, while imports decreased by €-5.97M (-43.4%) from €13.8M to €7.79M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-6.98M(-17.8%)
IMPORT GROWTH (October 2023 - October 2024)€-5.97M(-43.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Oman and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $435M to Oman. The main products exported from Italy to Oman were Refined Petroleum ($98.2M), Valves ($27.8M), and Air Pumps ($16.3M). During the last 5 years the exports of Italy to Oman have decreased at an annualized rate of 7.75%, from $652M in 2018 to $435M in 2023.

In 2018, Oman exported $135M to Italy. The main products exported from Oman to Italy were Raw Aluminium ($48.9M), Polyacetals ($14.9M), and Ferroalloys ($7.02M). During the last 5 years the exports of Oman to Italy have increased at an annualized rate of 6.69%, from $97.6M in 2023 to $135M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Italy than Oman included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Oman than Italy included China ($30.2B), Madagascar ($647M), and Maldives ($529M).

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

Comparative Advantage Italy - Oman

Flow
Scale

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

During 2023, Italy had a large net trade with Oman in the exports of Machines ($178M), Mineral Products ($98.6M), and Metals ($23M).

During 2018, Oman had a large net trade with Italy in the exports of Metals ($71M), Plastics and Rubbers ($30.5M), and Machines ($8.78M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Oman+$21.6MCars
Top Product Potential Oman Italy+$183MPetroleum 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 Italy and Oman. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Italy.

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

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