Flag South Korea / Oman Flag

2019
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Exports
: $643M, Rnk 62 / 215

2019
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Top Product
: $88.8M, Polycarboxylic Acids

2019
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Exports
: $2.39B, Rnk 4 / 114

2019
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Top Product
: $2.19B, Petroleum Gas

2019
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Economic Complexity (ECI)
: ECI 1.95, Rnk 5 / 157

2019
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Economic Complexity (ECI)
: ECI -0.19, Rnk 83 / 157

2019
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GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
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 GDP
: $76.3B, CURRENT US$
Rnk 69 / 187

2009-2019
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GDP GROWTH
: 57.7%, CURRENT US$
Rnk 82 / 187

2019
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GDP PC 
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

2019
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GDP PC 
: $15,343, CURRENT US$
Rnk 58 / 187

2009-2019
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GDP PC GROWTH
: -8.8%, CURRENT US$
Rnk 175 / 187

South Korea-Oman: In 2019, South Korea exported $643M to Oman. The main products that South Korea exported to Oman are Polycarboxylic Acids ($88.8M), Hot-Rolled Iron ($85.5M), and Cars ($55.5M). During the last 24 years the exports of South Korea to Oman have increased at an annualized rate of 7.02%, from $126M in 1995 to $643M in 2019.

In 2019, South Korea did not exported services to Oman.

Oman-South Korea: In 2019, Oman exported $2.39B to South Korea . The main products that Oman exported to South Korea were Petroleum Gas ($2.19B), Passenger and Cargo Ships ($58.7M), and Acyclic Alcohols ($49.2M). During the last 24 years the exports of Oman to South Korea have increased at an annualized rate of 4.25%, from $880M in 1995 to $2.39B in 2019.

In 2019, Oman did not exported services to South Korea.

Comparison: In 2019,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.95), and 6 in total exports ($555B). That same year, Oman ranked 83 in the Economic Complexity Index (ECI -0.19), and 57 in total exports ($37.5B).

Bilateral Trade by Products

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Depth
Value

In 2019, South Korea exported $643M to Oman. The main products exported from South Korea to Oman were Polycarboxylic Acids ($88.8M), Hot-Rolled Iron ($85.5M), and Cars ($55.5M). During the last 24 years the exports of South Korea to Oman have increased at an annualized rate of 7.02%, from $126M in 1995 to $643M in 2019.

In 2019, Oman exported $2.39B to South Korea. The main products exported from Oman to South Korea were Petroleum Gas ($2.19B), Passenger and Cargo Ships ($58.7M), and Acyclic Alcohols ($49.2M). During the last 24 years the exports of Oman to South Korea have increased at an annualized rate of 4.25%, from $880M in 1995 to $2.39B in 2019.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $136B

Oman
Top Destination
: China, $17.3B

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

In 2019, countries that imported more from South Korea than Oman were China ($136B), United States ($74.8B), and Vietnam ($47.8B).

In 2019, countries that imported more from Oman than South Korea were Qatar ($906M), Yemen ($245M), and South Africa ($926M).

Comparative Advantage South Korea - Oman

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Depth

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

During 2019, South Korea had a large net trade with Oman in the exports of Metals ($186M), Machines ($179M), and Chemical Products ($107M).

During 2019, Oman had a large net trade with South Korea in the exports of Mineral Products ($2.22B), Transportation ($58.8M), and Chemical Products ($57.7M).

Tariff Section

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

In 2018, the products from South Korea that paid the highest import tariffs to enter Oman were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

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

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