Oman (OMN) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Oman-Italy Trade: In 2022, Oman exported $359M to Italy. The main products that Oman exported to Italy were Petroleum Gas ($189M), Raw Aluminium ($44.4M), and Refined Petroleum ($42.6M). Over the past 5 years the exports of Oman to Italy have increased at an annualized rate of 38.3%, from $71.1M in 2017 to $359M in 2022.

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

Italy-Oman In N/A, Italy did not export any products to Oman.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $359M to Italy. The main products exported from Oman to Italy were Petroleum Gas ($189M), Raw Aluminium ($44.4M), and Refined Petroleum ($42.6M). During the last 5 years the exports of Oman to Italy have increased at an annualized rate of 38.3%, from $71.1M in 2017 to $359M in 2022.

Italy does not register exports to Oman. The main products exported from Italy to Oman were Valves ($32.2M), Cars ($22.5M), and Metal-Rolling Mills ($15M).

Exports from Oman () to Italy () (2022)

Exports from Italy () to Oman () (2022)

Latest Data

Trade between Oman () and Italy ()

Oman Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Oman than Italy included China ($30.4B), India ($8.15B), and Mauritius ($544M).

In 2022, countries that imported more from Italy than Oman included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and Oman () (2022)

Comparative Advantage Oman - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Italy in the exports of Mineral Products ($232M), Metals ($64.3M), and Plastics and Rubbers ($31.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Italy+$183MPetroleum Gas

Top Product Potential Italy Oman+$21.6MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Oman () to Italy () (2022)

Exports from Italy () to Oman () (2022)

Latest Data

Trade between Oman () and Italy ()

Oman Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Oman () (2022)

Comparative Advantage Oman - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Italy () (2022)

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