Oman (OMN) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Oman-Singapore Trade: In 2022, Oman exported $561M to Singapore. The main products that Oman exported to Singapore were Raw Iron Bars ($159M), Refined Petroleum ($87.1M), and Ammonia ($40.8M). Over the past 5 years the exports of Oman to Singapore have increased at an annualized rate of 28.7%, from $159M in 2017 to $561M in 2022.

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

Singapore-Oman Trade: In 2022, Singapore exported $460M to Oman. The main products that Singapore exported to Oman were Refined Petroleum ($260M), Antiknock ($32.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($21.5M). Over the past 5 years the exports of Singapore to Oman have increased at an annualized rate of 16.2%, from $217M in 2017 to $460M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $561M to Singapore. The main products exported from Oman to Singapore were Raw Iron Bars ($159M), Refined Petroleum ($87.1M), and Ammonia ($40.8M). During the last 5 years the exports of Oman to Singapore have increased at an annualized rate of 28.7%, from $159M in 2017 to $561M in 2022.

In 2017, Singapore exported $460M to Oman. The main products exported from Singapore to Oman were Refined Petroleum ($260M), Antiknock ($32.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($21.5M). During the last 5 years the exports of Singapore to Oman have increased at an annualized rate of 16.2%, from $217M in 2022 to $460M in 2017.

Exports from Oman () to Singapore () (2022)

Exports from Singapore () to Oman () (2022)

Latest Data

Trade between Oman () and Singapore ()

Oman Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Oman than Singapore included Saudi Arabia ($2.4B), Turkey ($1.43B), and Iran ($539M).

In 2022, countries that imported more from Singapore than Oman included Hong Kong ($51.6B), Malaysia ($35.9B), and United States ($28.9B).

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

Comparative Advantage Oman - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Singapore in the exports of Metals ($255M), Mineral Products ($130M), and Chemical Products ($106M).

During 2017, Singapore had a large net trade with Oman in the exports of Mineral Products ($260M), Chemical Products ($69.3M), and Machines ($44.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Singapore+$68.8MRefined Petroleum

Top Product Potential Singapore Oman+$110MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Singapore () (2022)

Exports from Singapore () to Oman () (2022)

Latest Data

Trade between Oman () and Singapore ()

Oman Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Oman - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Singapore () (2022)

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