Oman (OMN) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Oman-Azerbaijan Trade: In 2023, Oman exported $583k to Azerbaijan. The main products that Oman exported to Azerbaijan were Perfumes ($142k), Propylene Polymers ($104k), and Surveying Equipment ($82.5k). Over the past 5 years the exports of Oman to Azerbaijan have decreased at an annualized rate of 25.6%, from $2.56M in 2018 to $583k in 2023.

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

Azerbaijan-Oman Trade: In 2023, Azerbaijan exported $10.7M to Oman. The main products that Azerbaijan exported to Oman were Refined Petroleum ($10M), Rolled Tobacco ($460k), and Chocolate ($173k). Over the past 5 years the exports of Azerbaijan to Oman have increased at an annualized rate of 35%, from $970k in 2018 to $10.7M in 2023.

In 2023, Azerbaijan 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, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $583k to Azerbaijan. The main products exported from Oman to Azerbaijan were Perfumes ($142k), Propylene Polymers ($104k), and Surveying Equipment ($82.5k). During the last 5 years the exports of Oman to Azerbaijan have decreased at an annualized rate of 25.6%, from $2.56M in 2018 to $583k in 2023.

In 2018, Azerbaijan exported $10.7M to Oman. The main products exported from Azerbaijan to Oman were Refined Petroleum ($10M), Rolled Tobacco ($460k), and Chocolate ($173k). During the last 5 years the exports of Azerbaijan to Oman have increased at an annualized rate of 35%, from $970k in 2023 to $10.7M in 2018.

Exports from Oman () to Azerbaijan () (2023)

Exports from Azerbaijan () to Oman () (2023)

Latest Data

Trade between Oman () and Azerbaijan ()

Oman Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Azerbaijan
Top DestinationItaly$11.4B

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

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

In 2023, countries that imported more from Azerbaijan than Oman included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Comparative Advantage Oman - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Azerbaijan in the exports of Chemical Products ($328k), Plastics and Rubbers ($104k), and Instruments ($82.5k).

During 2018, Azerbaijan had a large net trade with Oman in the exports of Mineral Products ($10M), Foodstuffs ($636k), and Instruments ($11k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Azerbaijan+$268kPackaged Medicaments

Top Product Potential Azerbaijan Oman+$485kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Azerbaijan () (2023)

Exports from Azerbaijan () to Oman () (2023)

Latest Data

Trade between Oman () and Azerbaijan ()

Oman Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Oman - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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