Oman (OMN) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Oman-Finland Trade: In 2023, Oman exported $21.5M to Finland. The main products that Oman exported to Finland were Aluminium Wire ($19.7M), Nitrogenous Fertilizers ($1.63M), and Low-voltage Protection Equipment ($29.6k). Over the past 5 years the exports of Oman to Finland have increased at an annualized rate of 57.2%, from $2.24M in 2018 to $21.5M in 2023.

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

Finland-Oman Trade: In 2023, Finland exported $18.8M to Oman. The main products that Finland exported to Oman were Rough Wood ($3.67M), Electric Motors ($2.87M), and Integrated Circuits ($1.34M). Over the past 5 years the exports of Finland to Oman have decreased at an annualized rate of 1.57%, from $22.4M in 2018 to $18.8M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $21.5M to Finland. The main products exported from Oman to Finland were Aluminium Wire ($19.7M), Nitrogenous Fertilizers ($1.63M), and Low-voltage Protection Equipment ($29.6k). During the last 5 years the exports of Oman to Finland have increased at an annualized rate of 57.2%, from $2.24M in 2018 to $21.5M in 2023.

In 2018, Finland exported $18.8M to Oman. The main products exported from Finland to Oman were Rough Wood ($3.67M), Electric Motors ($2.87M), and Integrated Circuits ($1.34M). During the last 5 years the exports of Finland to Oman have decreased at an annualized rate of 1.57%, from $22.4M in 2023 to $18.8M in 2018.

Exports from Oman () to Finland () (2023)

Exports from Finland () to Oman () (2023)

Latest Data

Trade between Oman () and Finland ()

Oman Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Finland
Top DestinationUnited States$9.68B

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

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

In 2023, countries that imported more from Finland than Oman included Germany ($9.26B), Sweden ($8.13B), and United States ($9.68B).

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

Comparative Advantage Oman - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Finland in the exports of Metals ($19.7M), Chemical Products ($1.66M), and Machines ($77.1k).

During 2018, Finland had a large net trade with Oman in the exports of Machines ($8.92M), Wood Products ($3.69M), and Instruments ($2.09M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Finland+$2.05MNitrogenous Fertilizers

Top Product Potential Finland Oman+$923kElectrical Transformers

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Finland () (2023)

Exports from Finland () to Oman () (2023)

Latest Data

Trade between Oman () and Finland ()

Oman Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Oman - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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