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Pricing

2022
Flag → Flag
Exports $1.57MRnk 122 / 171
2022
Flag → Flag
Top Product $828kRaw Plastic Sheeting
2022
Flag → Flag
Exports $9.1kRnk 133 / 149
2022
Flag → Flag
Top Product $7.64kMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Oman-Trinidad and Tobago Trade: In 2022, Oman exported $1.57M to Trinidad and Tobago. The main products that Oman exported to Trinidad and Tobago were Raw Plastic Sheeting ($828k), Polyacetals ($475k), and Other Furniture ($218k). Over the past 5 years the exports of Oman to Trinidad and Tobago have increased at an annualized rate of 11.9%, from $891k in 2017 to $1.57M in 2022.

In 2022, Oman did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Oman Trade: In 2022, Trinidad and Tobago exported $9.1k to Oman. The main products that Trinidad and Tobago exported to Oman were Machinery Having Individual Functions ($7.64k), Other Engines ($798), and Other Iron Products ($646). Over the past 5 years the exports of Trinidad and Tobago to Oman have decreased at an annualized rate of 39.5%,  from $185k in 2017 to $9.1k in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $1.57M to Trinidad and Tobago. The main products exported from Oman to Trinidad and Tobago were Raw Plastic Sheeting ($828k), Polyacetals ($475k), and Other Furniture ($218k). During the last 5 years the exports of Oman to Trinidad and Tobago have increased at an annualized rate of 11.9%, from $891k in 2017 to $1.57M in 2022.

In 2017, Trinidad and Tobago exported $9.1k to Oman. The main products exported from Trinidad and Tobago to Oman were Machinery Having Individual Functions ($7.64k), Other Engines ($798), and Other Iron Products ($646). During the last 5 years the exports of Trinidad and Tobago to Oman have decreased at an annualized rate of 39.5%, from $185k in 2022 to $9.1k in 2017.

Exports from Oman (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Oman (Flag) (2022)

Latest Data

Trade between Oman (Flag) and Trinidad and Tobago (Flag)

Oman Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Oman than Trinidad and Tobago included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Trinidad and Tobago than Oman included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Oman (Flag) (2022)

Comparative Advantage Oman - Trinidad and Tobago

Flow
Scale

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

During 2022, Oman had a large net trade with Trinidad and Tobago in the exports of Plastics and Rubbers ($1.3M), Miscellaneous ($218k), and Machines ($32.6k).

During 2017, Trinidad and Tobago had a large net trade with Oman in the exports of Machines ($8.43k), Metals ($646), and Instruments ($21).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Trinidad and Tobago+$193kRaw Plastic Sheeting
Top Product Potential Trinidad and Tobago Oman+$7.08kMachinery Having Individual Functions

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

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

Product Space of Oman (Flag) and Trinidad and Tobago (Flag) (2022)

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