Oman (OMN) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Oman-Argentina Trade: In 2023, Oman exported $16.1M to Argentina. The main products that Oman exported to Argentina were Nitrogenous Fertilizers ($12M), Polyacetals ($2.56M), and Butter ($651k). Over the past 5 years the exports of Oman to Argentina have decreased at an annualized rate of 36.2%, from $153M in 2018 to $16.1M in 2023.

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

Argentina-Oman Trade: In 2023, Argentina exported $117M to Oman. The main products that Argentina exported to Oman were Soybean Meal ($43.9M), Corn ($38.4M), and Seed Oils ($14.7M). Over the past 5 years the exports of Argentina to Oman have increased at an annualized rate of 14.9%, from $58.6M in 2018 to $117M in 2023.

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

Comparison: In 2023, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $16.1M to Argentina. The main products exported from Oman to Argentina were Nitrogenous Fertilizers ($12M), Polyacetals ($2.56M), and Butter ($651k). During the last 5 years the exports of Oman to Argentina have decreased at an annualized rate of 36.2%, from $153M in 2018 to $16.1M in 2023.

In 2018, Argentina exported $117M to Oman. The main products exported from Argentina to Oman were Soybean Meal ($43.9M), Corn ($38.4M), and Seed Oils ($14.7M). During the last 5 years the exports of Argentina to Oman have increased at an annualized rate of 14.9%, from $58.6M in 2023 to $117M in 2018.

Exports from Oman () to Argentina () (2023)

Exports from Argentina () to Oman () (2023)

Latest Data

Trade between Oman () and Argentina ()

Oman Exports

Date

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Argentina
Top DestinationBrazil$12.1B

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

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

In 2023, countries that imported more from Argentina than Oman included Brazil ($12.1B), Chile ($5.57B), and United States ($6.27B).

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

Comparative Advantage Oman - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Argentina in the exports of Chemical Products ($12M), Plastics and Rubbers ($2.81M), and Animal Products ($651k).

During 2018, Argentina had a large net trade with Oman in the exports of Foodstuffs ($47.2M), Vegetable Products ($40.1M), and Animal and Vegetable Bi-Products ($22.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Argentina+$2.47MPolyacetals

Top Product Potential Argentina Oman+$4.57MWheat

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Argentina () (2023)

Exports from Argentina () to Oman () (2023)

Latest Data

Trade between Oman () and Argentina ()

Oman Exports

Argentina Exports

Market Competitiveness

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

Comparative Advantage Oman - Argentina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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