Oman (OMN) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Oman-Armenia Trade: In 2023, Oman exported $452k to Armenia. The main products that Oman exported to Armenia were Perfumes ($309k), Delivery Trucks ($57.2k), and Building Stone ($40.6k). Over the past 5 years the exports of Oman to Armenia have increased at an annualized rate of 33.5%, from $106k in 2018 to $452k in 2023.

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

Armenia-Oman Trade: In 2023, Armenia exported $97.1k to Oman. The main products that Armenia exported to Oman were Granite ($66.2k), Audio Alarms ($16.2k), and Stranded Iron Wire ($14.2k). Over the past 5 years the exports of Armenia to Oman have decreased at an annualized rate of 13.3%, from $198k in 2018 to $97.1k in 2023.

In 2023, Armenia 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, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $452k to Armenia. The main products exported from Oman to Armenia were Perfumes ($309k), Delivery Trucks ($57.2k), and Building Stone ($40.6k). During the last 5 years the exports of Oman to Armenia have increased at an annualized rate of 33.5%, from $106k in 2018 to $452k in 2023.

In 2018, Armenia exported $97.1k to Oman. The main products exported from Armenia to Oman were Granite ($66.2k), Audio Alarms ($16.2k), and Stranded Iron Wire ($14.2k). During the last 5 years the exports of Armenia to Oman have decreased at an annualized rate of 13.3%, from $198k in 2023 to $97.1k in 2018.

Exports from Oman () to Armenia () (2023)

Exports from Armenia () to Oman () (2023)

Latest Data

Trade between Oman () and Armenia ()

Oman Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Oman than Armenia included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

In 2023, countries that imported more from Armenia than Oman included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

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

Comparative Advantage Oman - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Armenia in the exports of Chemical Products ($309k), Transportation ($57.2k), and Stone And Glass ($40.6k).

During 2018, Armenia had a large net trade with Oman in the exports of Mineral Products ($66.2k), Machines ($16.2k), and Metals ($14.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Armenia+$143kPolyacetals

Top Product Potential Armenia Oman+$25.3kOther Fruits

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Armenia () (2023)

Exports from Armenia () to Oman () (2023)

Latest Data

Trade between Oman () and Armenia ()

Oman Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Oman - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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