Oman (OMN) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

About

Oman-Nicaragua Trade: In 2023, Oman exported $1M to Nicaragua. The main products that Oman exported to Nicaragua were Used Clothing ($949k) and Ethylene Polymers ($54.1k). Over the past 5 years the exports of Oman to Nicaragua have increased at an annualized rate of 29.5%, from $275k in 2018 to $1M in 2023.

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

Nicaragua-Oman Trade: In 2023, Nicaragua exported $861k to Oman. The main products that Nicaragua exported to Oman were Coffee ($857k), Medical Instruments ($3.86k), and Insulated Wire ($182). Over the past 5 years the exports of Nicaragua to Oman have increased at an annualized rate of 37.5%, from $175k in 2018 to $861k in 2023.

In 2023, Nicaragua 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, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $1M to Nicaragua. The main products exported from Oman to Nicaragua were Used Clothing ($949k) and Ethylene Polymers ($54.1k). During the last 5 years the exports of Oman to Nicaragua have increased at an annualized rate of 29.5%, from $275k in 2018 to $1M in 2023.

In 2018, Nicaragua exported $861k to Oman. The main products exported from Nicaragua to Oman were Coffee ($857k), Medical Instruments ($3.86k), and Insulated Wire ($182). During the last 5 years the exports of Nicaragua to Oman have increased at an annualized rate of 37.5%, from $175k in 2023 to $861k in 2018.

Exports from Oman () to Nicaragua () (2023)

Exports from Nicaragua () to Oman () (2023)

Latest Data

Trade between Oman () and Nicaragua ()

Oman Exports

Date

Mar 2016

Aug 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Nicaragua
Top DestinationUnited States$4.38B

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

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

In 2023, countries that imported more from Nicaragua than Oman included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

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

Comparative Advantage Oman - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Nicaragua in the exports of Textiles ($949k) and Plastics and Rubbers ($54.1k).

During 2018, Nicaragua had a large net trade with Oman in the exports of Vegetable Products ($857k), Instruments ($3.86k), and Machines ($182).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Nicaragua+$50.1kEthylene Polymers

Top Product Potential Nicaragua Oman+$303kCoffee

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Oman and Nicaragua. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Nicaragua () (2023)

Exports from Nicaragua () to Oman () (2023)

Latest Data

Trade between Oman () and Nicaragua ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Oman - Nicaragua

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring