Oman (OMN) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

About

Oman-Switzerland Trade: In 2022, Oman exported $25.5M to Switzerland. The main products that Oman exported to Switzerland were Precious Metal Watches ($7.61M), Raw Aluminium ($3.46M), and Propylene Polymers ($1.7M). Over the past 5 years the exports of Oman to Switzerland have increased at an annualized rate of 19.9%, from $10.3M in 2017 to $25.5M in 2022.

In 2022, Oman did not export any services to Switzerland.

Switzerland-Oman Trade: In 2022, Switzerland exported $222M to Oman. The main products that Switzerland exported to Oman were Precious Metal Watches ($40M), Vaccines, blood, antisera, toxins and cultures ($36.2M), and High-voltage Protection Equipment ($34.6M). Over the past 5 years the exports of Switzerland to Oman have decreased at an annualized rate of 7.79%, from $333M in 2017 to $222M in 2022.

In 2022, Switzerland did not export any services to Oman.

Comparison: In 2022, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $25.5M to Switzerland. The main products exported from Oman to Switzerland were Precious Metal Watches ($7.61M), Raw Aluminium ($3.46M), and Propylene Polymers ($1.7M). During the last 5 years the exports of Oman to Switzerland have increased at an annualized rate of 19.9%, from $10.3M in 2017 to $25.5M in 2022.

In 2017, Switzerland exported $222M to Oman. The main products exported from Switzerland to Oman were Precious Metal Watches ($40M), Vaccines, blood, antisera, toxins and cultures ($36.2M), and High-voltage Protection Equipment ($34.6M). During the last 5 years the exports of Switzerland to Oman have decreased at an annualized rate of 7.79%, from $333M in 2022 to $222M in 2017.

Exports from Oman () to Switzerland () (2022)

Exports from Switzerland () to Oman () (2022)

Latest Data

Trade between Oman () and Switzerland ()

Oman Exports

Date

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Oman than Switzerland included South Korea ($4.64B), Mauritius ($544M), and Indonesia ($1.23B).

In 2022, countries that imported more from Switzerland than Oman included United States ($61.7B), Germany ($53.5B), and Italy ($22.8B).

Difference in imports from Switzerland () and Oman () (2022)

Comparative Advantage Oman - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Switzerland in the exports of Instruments ($10M), Metals ($3.74M), and Precious Metals ($2.9M).

During 2017, Switzerland had a large net trade with Oman in the exports of Chemical Products ($79.2M), Instruments ($70.5M), and Machines ($53.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Switzerland+$2.91MRaw Aluminium

Top Product Potential Switzerland Oman+$15MPackaged Medicaments

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

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Switzerland () (2022)

Exports from Switzerland () to Oman () (2022)

Latest Data

Trade between Oman () and Switzerland ()

Oman Exports

Switzerland Exports

Market Competitiveness

Difference in imports from Switzerland () and Oman () (2022)

Comparative Advantage Oman - Switzerland

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Oman () and Switzerland () (2022)

Keep Exploring