Oman (OMN) and Philippines (PHL) Trade | The Observatory of Economic Complexity

About

Oman-Philippines Trade: In 2022, Oman exported $12.4M to Philippines. The main products that Oman exported to Philippines were Ethylene Polymers ($3.86M), Gypsum ($3.07M), and Propylene Polymers ($2.98M). Over the past 5 years the exports of Oman to Philippines have decreased at an annualized rate of 21.3%, from $41.2M in 2017 to $12.4M in 2022.

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

Philippines-Oman Trade: In 2022, Philippines exported $21.9M to Oman. The main products that Philippines exported to Oman were Orthopedic Appliances ($7.66M), Broadcasting Equipment ($973k), and Valves ($734k). Over the past 5 years the exports of Philippines to Oman have increased at an annualized rate of 3.46%, from $18.5M in 2017 to $21.9M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $12.4M to Philippines. The main products exported from Oman to Philippines were Ethylene Polymers ($3.86M), Gypsum ($3.07M), and Propylene Polymers ($2.98M). During the last 5 years the exports of Oman to Philippines have decreased at an annualized rate of 21.3%, from $41.2M in 2017 to $12.4M in 2022.

In 2017, Philippines exported $21.9M to Oman. The main products exported from Philippines to Oman were Orthopedic Appliances ($7.66M), Broadcasting Equipment ($973k), and Valves ($734k). During the last 5 years the exports of Philippines to Oman have increased at an annualized rate of 3.46%, from $18.5M in 2022 to $21.9M in 2017.

Exports from Oman () to Philippines () (2022)

Exports from Philippines () to Oman () (2022)

Latest Data

Trade between Oman () and Philippines ()

Oman Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Oman than Philippines included China ($30.4B), India ($8.15B), and Saudi Arabia ($2.4B).

In 2022, countries that imported more from Philippines than Oman included United States ($15.5B), Hong Kong ($12.6B), and Japan ($11.3B).

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

Comparative Advantage Oman - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Philippines in the exports of Plastics and Rubbers ($6.86M), Mineral Products ($3.24M), and Foodstuffs ($782k).

During 2017, Philippines had a large net trade with Oman in the exports of Instruments ($8.66M), Machines ($5.8M), and Foodstuffs ($3.49M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Philippines+$3.36MEthylene Polymers

Top Product Potential Philippines Oman+$2.06MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Philippines () (2022)

Exports from Philippines () to Oman () (2022)

Latest Data

Trade between Oman () and Philippines ()

Oman Exports

Philippines Exports

Market Competitiveness

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

Comparative Advantage Oman - Philippines

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 Philippines () (2022)

Keep Exploring