Oman (OMN) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

About

Oman-Madagascar Trade: In 2023, Oman exported $647M to Madagascar. The main products that Oman exported to Madagascar were Refined Petroleum ($629M), Ammonia ($7.68M), and Nitrogenous Fertilizers ($7.37M). Over the past 5 years the exports of Oman to Madagascar have increased at an annualized rate of 134%, from $9.26M in 2018 to $647M in 2023.

In 2023, Oman did not export any services to Madagascar.

Madagascar-Oman Trade: In 2023, Madagascar exported $838k to Oman. The main products that Madagascar exported to Oman were Other Vegetable Fibers Yarn ($245k), Dried Legumes ($231k), and Other Fruits ($131k). Over the past 5 years the exports of Madagascar to Oman have increased at an annualized rate of 8.07%, from $569k in 2018 to $838k in 2023.

In 2023, Madagascar 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, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $647M to Madagascar. The main products exported from Oman to Madagascar were Refined Petroleum ($629M), Ammonia ($7.68M), and Nitrogenous Fertilizers ($7.37M). During the last 5 years the exports of Oman to Madagascar have increased at an annualized rate of 134%, from $9.26M in 2018 to $647M in 2023.

In 2018, Madagascar exported $838k to Oman. The main products exported from Madagascar to Oman were Other Vegetable Fibers Yarn ($245k), Dried Legumes ($231k), and Other Fruits ($131k). During the last 5 years the exports of Madagascar to Oman have increased at an annualized rate of 8.07%, from $569k in 2023 to $838k in 2018.

Exports from Oman () to Madagascar () (2023)

Exports from Madagascar () to Oman () (2023)

Latest Data

Trade between Oman () and Madagascar ()

Oman Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Oman than Madagascar included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

In 2023, countries that imported more from Madagascar than Oman included France ($641M), Canada ($119M), and Netherlands ($136M).

Difference in imports from Madagascar () and Oman () (2023)

Comparative Advantage Oman - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Madagascar in the exports of Mineral Products ($629M), Chemical Products ($15.2M), and Plastics and Rubbers ($638k).

During 2018, Madagascar had a large net trade with Oman in the exports of Vegetable Products ($402k), Textiles ($285k), and Mineral Products ($146k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Madagascar+$667kEthylene Polymers

Top Product Potential Madagascar Oman+$228kDried Legumes

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Madagascar () (2023)

Exports from Madagascar () to Oman () (2023)

Latest Data

Trade between Oman () and Madagascar ()

Oman Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Oman () (2023)

Comparative Advantage Oman - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Madagascar () (2023)

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