Oman (OMN) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Oman-Hong Kong Trade: In 2022, Oman exported $160M to Hong Kong. The main products that Oman exported to Hong Kong were Precious Metal Watches ($47.9M), Raw Iron Bars ($23.3M), and Gas Turbines ($15.9M). Over the past 5 years the exports of Oman to Hong Kong have increased at an annualized rate of 3.19%, from $137M in 2017 to $160M in 2022.

In 2022, Oman did not export any services to Hong Kong.

Hong Kong-Oman Trade: In 2022, Hong Kong exported $35.6M to Oman. The main products that Hong Kong exported to Oman were Gas Turbines ($19.1M), Other Plastic Products ($4.39M), and Broadcasting Equipment ($2.19M). Over the past 5 years the exports of Hong Kong to Oman have decreased at an annualized rate of 15.6%, from $83.1M in 2017 to $35.6M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $160M to Hong Kong. The main products exported from Oman to Hong Kong were Precious Metal Watches ($47.9M), Raw Iron Bars ($23.3M), and Gas Turbines ($15.9M). During the last 5 years the exports of Oman to Hong Kong have increased at an annualized rate of 3.19%, from $137M in 2017 to $160M in 2022.

In 2017, Hong Kong exported $35.6M to Oman. The main products exported from Hong Kong to Oman were Gas Turbines ($19.1M), Other Plastic Products ($4.39M), and Broadcasting Equipment ($2.19M). During the last 5 years the exports of Hong Kong to Oman have decreased at an annualized rate of 15.6%, from $83.1M in 2022 to $35.6M in 2017.

Exports from Oman () to Hong Kong () (2022)

Exports from Hong Kong () to Oman () (2022)

Latest Data

Trade between Oman () and Hong Kong ()

Oman Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Oman than Hong Kong included China ($30.4B), South Korea ($4.64B), and Saudi Arabia ($2.4B).

In 2022, countries that imported more from Hong Kong than Oman included India ($14.3B), Netherlands ($6.56B), and Switzerland ($4.11B).

Difference in imports from Hong Kong () and Oman () (2022)

Comparative Advantage Oman - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Hong Kong in the exports of Instruments ($56.4M), Machines ($41.5M), and Metals ($27.1M).

During 2017, Hong Kong had a large net trade with Oman in the exports of Machines ($26.1M), Plastics and Rubbers ($4.48M), and Transportation ($1.13M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Hong Kong+$6.1MTelephones

Top Product Potential Hong Kong Oman+$7.21MGas Turbines

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Hong Kong () (2022)

Exports from Hong Kong () to Oman () (2022)

Latest Data

Trade between Oman () and Hong Kong ()

Oman Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Oman () (2022)

Comparative Advantage Oman - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Hong Kong () (2022)

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