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Flag → Flag
Exports $384MRnk 66 / 142
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Flag → Flag
Top Product $72.9MHot-Rolled Iron
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
 GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC $21,550CURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

In N/A, Oman did not export any services to South Korea.

South Korea-Oman Trade: In N/A, South Korea exported $384M to Oman. The main products that South Korea exported to Oman were Hot-Rolled Iron ($72.9M), Other Small Iron Pipes ($62.3M), and Polycarboxylic Acids ($55.7M). Over the past N/A years the exports of South Korea to Oman have decreased at an annualized rate of 9.49%,  from $632M in N/A to $384M in N/A.

In N/A, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Latest Data

Trade between Oman (Flag) and South Korea (Flag)

Oman Exports

South Korea Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.2B
South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Oman than South Korea included South Africa ($2.57B), Madagascar ($647M), and Iran ($554M).

In 2023, countries that imported more from South Korea than Oman included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Oman (Flag) (2023)

Potential Exports

Potential Exports

Depth
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Top Product Potential Oman South Korea+$511MCrude Petroleum
Top Product Potential South Korea Oman+$35.5MCars

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

Product Space of Oman (Flag) and South Korea (Flag) (NaN)

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