2022
Flag  
GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
Rnk 186 / 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
$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH
-57.4%CURRENT US$
Rnk 185 / 186

About

Oman-Libya Trade: In 2022, Oman exported $173M to Libya. The main products that Oman exported to Libya were Iron Ore ($136M), Polyacetals ($15.3M), and Concentrated Milk ($5.5M). Over the past 5 years the exports of Oman to Libya have increased at an annualized rate of 81.8%, from $8.71M in 2017 to $173M in 2022.

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

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

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $173M to Libya. The main products exported from Oman to Libya were Iron Ore ($136M), Polyacetals ($15.3M), and Concentrated Milk ($5.5M). During the last 5 years the exports of Oman to Libya have increased at an annualized rate of 81.8%, from $8.71M in 2017 to $173M in 2022.

Libya does not register exports to Oman. The main products exported from Libya to Oman were Excavation Machinery ($15.5k) and Other Electrical Machinery ($1.4k).

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

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

Latest Data

Trade between Oman (Flag) and Libya (Flag)

Oman Exports

Market Competitiveness

Color
Oman
Top Destination
China$30.4B
Libya
Top Destination
Italy$9.26B

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

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

In 2022, countries that imported more from Libya than Oman included Italy ($9.26B), Germany ($3.32B), and Spain ($3.48B).

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

Comparative Advantage Oman - Libya

Flow
Scale

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

During 2022, Oman had a large net trade with Libya in the exports of Mineral Products ($136M), Plastics and Rubbers ($20.2M), and Foodstuffs ($6.11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Libya+$812kEthylene Polymers
Top Product Potential Libya Oman+$10.4kExcavation Machinery

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

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

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