Oman (OMN) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Oman-Thailand Trade: In 2023, Oman exported $1.23B to Thailand. The main products that Oman exported to Thailand were Petroleum Gas ($491M), Semi-Finished Iron ($481M), and Nitrogenous Fertilizers ($68.5M). Over the past 5 years the exports of Oman to Thailand have increased at an annualized rate of 42.6%, from $208M in 2018 to $1.23B in 2023.

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

Thailand-Oman Trade: In 2023, Thailand exported $596M to Oman. The main products that Thailand exported to Oman were Delivery Trucks ($214M), Polycarboxylic Acids ($123M), and Cars ($80.6M). Over the past 5 years the exports of Thailand to Oman have increased at an annualized rate of 16%, from $284M in 2018 to $596M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $1.23B to Thailand. The main products exported from Oman to Thailand were Petroleum Gas ($491M), Semi-Finished Iron ($481M), and Nitrogenous Fertilizers ($68.5M). During the last 5 years the exports of Oman to Thailand have increased at an annualized rate of 42.6%, from $208M in 2018 to $1.23B in 2023.

In 2018, Thailand exported $596M to Oman. The main products exported from Thailand to Oman were Delivery Trucks ($214M), Polycarboxylic Acids ($123M), and Cars ($80.6M). During the last 5 years the exports of Thailand to Oman have increased at an annualized rate of 16%, from $284M in 2023 to $596M in 2018.

Exports from Oman () to Thailand () (2023)

Exports from Thailand () to Oman () (2023)

Latest Data

Trade between Oman () and Thailand ()

Oman Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Oman than Thailand included Madagascar ($647M), South Africa ($2.57B), and Croatia ($562M).

In 2023, countries that imported more from Thailand than Oman included United States ($58.5B), Japan ($24.9B), and China ($44.1B).

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

Comparative Advantage Oman - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Thailand in the exports of Mineral Products ($542M), Metals ($493M), and Chemical Products ($128M).

During 2018, Thailand had a large net trade with Oman in the exports of Transportation ($312M), Chemical Products ($128M), and Machines ($75.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Thailand+$255MCrude Petroleum

Top Product Potential Thailand Oman+$26.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Thailand () (2023)

Exports from Thailand () to Oman () (2023)

Latest Data

Trade between Oman () and Thailand ()

Oman Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Oman - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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