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Pricing

2022
Flag → Flag
Exports $259MRnk 30 / 171
2022
Flag → Flag
Top Product $119MSpark-Ignition Engines
2022
Flag → Flag
Exports $437MRnk 68 / 224
2022
Flag → Flag
Top Product $76.1MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Oman-United Kingdom Trade: In 2022, Oman exported $259M to United Kingdom. The main products that Oman exported to United Kingdom were Spark-Ignition Engines ($119M), Raw Plastic Sheeting ($19M), and Refined Petroleum ($16.4M). Over the past 5 years the exports of Oman to United Kingdom have increased at an annualized rate of 15.4%, from $126M in 2017 to $259M in 2022.

In 2022, Oman did not export any services to United Kingdom.

United Kingdom-Oman Trade: In 2022, United Kingdom exported $437M to Oman. The main products that United Kingdom exported to Oman were Gas Turbines ($76.1M), Cars ($45.7M), and Packaged Medicaments ($20.9M). Over the past 5 years the exports of United Kingdom to Oman have decreased at an annualized rate of 27.7%,  from $2.21B in 2017 to $437M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $259M to United Kingdom. The main products exported from Oman to United Kingdom were Spark-Ignition Engines ($119M), Raw Plastic Sheeting ($19M), and Refined Petroleum ($16.4M). During the last 5 years the exports of Oman to United Kingdom have increased at an annualized rate of 15.4%, from $126M in 2017 to $259M in 2022.

In 2017, United Kingdom exported $437M to Oman. The main products exported from United Kingdom to Oman were Gas Turbines ($76.1M), Cars ($45.7M), and Packaged Medicaments ($20.9M). During the last 5 years the exports of United Kingdom to Oman have decreased at an annualized rate of 27.7%, from $2.21B in 2022 to $437M in 2017.

Exports from Oman (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Oman (Flag) (2022)

Latest Data

Trade between Oman (Flag) and United Kingdom (Flag)

Oman Exports

United Kingdom Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Oman than United Kingdom included India ($8.15B), Chinese Taipei ($2.69B), and Iran ($539M).

In 2022, countries that imported more from United Kingdom than Oman included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Oman (Flag) (2022)

Comparative Advantage Oman - United Kingdom

Flow
Scale

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

During 2022, Oman had a large net trade with United Kingdom in the exports of Machines ($146M), Plastics and Rubbers ($28.1M), and Transportation ($20.1M).

During 2017, United Kingdom had a large net trade with Oman in the exports of Machines ($216M), Transportation ($61.8M), and Chemical Products ($41.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman United Kingdom+$49.7MRefined Petroleum
Top Product Potential United Kingdom Oman+$32.8MCars

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

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

Product Space of Oman (Flag) and United Kingdom (Flag) (2022)

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