Oman (OMN) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Oman-Colombia Trade: In 2023, Oman exported $9.1M to Colombia. The main products that Oman exported to Colombia were Aluminium Wire ($4.88M), Raw Plastic Sheeting ($3.67M), and Insulated Wire ($261k). Over the past 5 years the exports of Oman to Colombia have increased at an annualized rate of 9.86%, from $5.69M in 2018 to $9.1M in 2023.

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

Colombia-Oman Trade: In 2023, Colombia exported $2.7M to Oman. The main products that Colombia exported to Oman were Other Pure Vegetable Oils ($625k), Confectionery Sugar ($467k), and Coffee ($465k). Over the past 5 years the exports of Colombia to Oman have increased at an annualized rate of 31.9%, from $676k in 2018 to $2.7M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $9.1M to Colombia. The main products exported from Oman to Colombia were Aluminium Wire ($4.88M), Raw Plastic Sheeting ($3.67M), and Insulated Wire ($261k). During the last 5 years the exports of Oman to Colombia have increased at an annualized rate of 9.86%, from $5.69M in 2018 to $9.1M in 2023.

In 2018, Colombia exported $2.7M to Oman. The main products exported from Colombia to Oman were Other Pure Vegetable Oils ($625k), Confectionery Sugar ($467k), and Coffee ($465k). During the last 5 years the exports of Colombia to Oman have increased at an annualized rate of 31.9%, from $676k in 2023 to $2.7M in 2018.

Exports from Oman () to Colombia () (2023)

Exports from Colombia () to Oman () (2023)

Latest Data

Trade between Oman () and Colombia ()

Oman Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Colombia
Top DestinationUnited States$14.8B

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

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

In 2023, countries that imported more from Colombia than Oman included United States ($14.8B), Panama ($4.66B), and Netherlands ($2.38B).

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

Comparative Advantage Oman - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Colombia in the exports of Metals ($4.89M), Plastics and Rubbers ($3.71M), and Machines ($352k).

During 2018, Colombia had a large net trade with Oman in the exports of Foodstuffs ($762k), Animal and Vegetable Bi-Products ($625k), and Machines ($497k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Colombia+$5.26MNitrogenous Fertilizers

Top Product Potential Colombia Oman+$784kPackaged 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.

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Colombia () (2023)

Exports from Colombia () to Oman () (2023)

Latest Data

Trade between Oman () and Colombia ()

Oman Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Oman - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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