Oman (OMN) and Canada (CAN) Trade | The Observatory of Economic Complexity

About

Oman-Canada Trade: In 2023, Oman exported $79.2M to Canada. The main products that Oman exported to Canada were Raw Iron Bars ($23.2M), Raw Plastic Sheeting ($17.3M), and Semi-Finished Iron ($11M). Over the past 5 years the exports of Oman to Canada have increased at an annualized rate of 17.5%, from $35.4M in 2018 to $79.2M in 2023.

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

Canada-Oman Trade: In 2023, Canada exported $82.5M to Oman. The main products that Canada exported to Oman were Cars ($15.2M), Wheat ($14.2M), and Reaction and Catalytic Products ($6.56M). Over the past 5 years the exports of Canada to Oman have increased at an annualized rate of 1.99%, from $74.8M in 2018 to $82.5M in 2023.

In 2020, Canada exported services to Oman worth $7.46M, with Computer and information services ($6.71M) and Royalties and license fees ($746k) being the largest in terms of value.

Comparison: In 2023, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $79.2M to Canada. The main products exported from Oman to Canada were Raw Iron Bars ($23.2M), Raw Plastic Sheeting ($17.3M), and Semi-Finished Iron ($11M). During the last 5 years the exports of Oman to Canada have increased at an annualized rate of 17.5%, from $35.4M in 2018 to $79.2M in 2023.

In 2018, Canada exported $82.5M to Oman. The main products exported from Canada to Oman were Cars ($15.2M), Wheat ($14.2M), and Reaction and Catalytic Products ($6.56M). During the last 5 years the exports of Canada to Oman have increased at an annualized rate of 1.99%, from $74.8M in 2023 to $82.5M in 2018.

Exports from Oman () to Canada () (2023)

Exports from Canada () to Oman () (2023)

Latest Data

Trade between Oman () and Canada ()

Oman Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Oman than Canada included South Africa ($2.57B), Saudi Arabia ($3.64B), and United Arab Emirates ($3.49B).

In 2023, countries that imported more from Canada than Oman included United States ($410B), United Kingdom ($18B), and Japan ($13.4B).

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

Comparative Advantage Oman - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Canada in the exports of Metals ($43.1M), Plastics and Rubbers ($23.4M), and Chemical Products ($7.22M).

During 2018, Canada had a large net trade with Oman in the exports of Machines ($23.3M), Transportation ($17.9M), and Vegetable Products ($14.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Canada+$13.6MNitrogenous Fertilizers

Top Product Potential Canada Oman+$5.86MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Can Year

In 2020, Canada exported services to Oman worth $7.46M, with Computer and information services ($6.71M) and Royalties and license fees ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Oman () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Oman and Canada. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Canada () (2023)

Exports from Canada () to Oman () (2023)

Latest Data

Trade between Oman () and Canada ()

Oman Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Oman - Canada

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Canada () to Oman () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring