2022
Flag  
GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH
1.35%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Oman-Hungary Trade: In 2022, Oman exported $18.9M to Hungary. The main products that Oman exported to Hungary were Aluminium Wire ($15.3M), Propylene Polymers ($2.26M), and Broadcasting Equipment ($674k). Over the past 5 years the exports of Oman to Hungary have increased at an annualized rate of 1.83%, from $17.3M in 2017 to $18.9M in 2022.

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

Hungary-Oman Trade: In 2022, Hungary exported $14.4M to Oman. The main products that Hungary exported to Oman were Cars ($4.34M), Light Fixtures ($2.14M), and Other Office Machines ($936k). Over the past 5 years the exports of Hungary to Oman have increased at an annualized rate of 0.55%,  from $12.7M in 2017 to $14.4M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $18.9M to Hungary. The main products exported from Oman to Hungary were Aluminium Wire ($15.3M), Propylene Polymers ($2.26M), and Broadcasting Equipment ($674k). During the last 5 years the exports of Oman to Hungary have increased at an annualized rate of 1.83%, from $17.3M in 2017 to $18.9M in 2022.

In 2017, Hungary exported $14.4M to Oman. The main products exported from Hungary to Oman were Cars ($4.34M), Light Fixtures ($2.14M), and Other Office Machines ($936k). During the last 5 years the exports of Hungary to Oman have increased at an annualized rate of 0.55%, from $12.7M in 2022 to $14.4M in 2017.

Exports from Oman (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Oman (Flag) (2022)

Latest Data

Trade between Oman (Flag) and Hungary (Flag)

Oman Exports

Hungary Exports

Market Competitiveness

Color
Oman
Top Destination
China$30.4B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Oman than Hungary included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Hungary than Oman included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

Difference in imports from Hungary (Flag) and Oman (Flag) (2022)

Comparative Advantage Oman - Hungary

Flow
Scale

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

During 2022, Oman had a large net trade with Hungary in the exports of Metals ($15.4M), Plastics and Rubbers ($2.26M), and Machines ($906k).

During 2017, Hungary had a large net trade with Oman in the exports of Transportation ($4.67M), Machines ($3.44M), and Miscellaneous ($2.21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Hungary+$1.71MPropylene Polymers
Top Product Potential Hungary Oman+$7.76MCars

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

Product Space of Oman (Flag) and Hungary (Flag) (2022)

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