Oman (OMN) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Oman-Uruguay Trade: In 2022, Oman exported $19.1M to Uruguay. The main products that Oman exported to Uruguay were Nitrogenous Fertilizers ($13.9M), Polyacetals ($4.56M), and Ethylene Polymers ($362k). Over the past 5 years the exports of Oman to Uruguay have increased at an annualized rate of 22.3%, from $6.98M in 2017 to $19.1M in 2022.

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

Uruguay-Oman Trade: In 2022, Uruguay exported $10.1M to Oman. The main products that Uruguay exported to Oman were Packaged Medicaments ($5.93M), Sheep and Goat Meat ($2.74M), and Concentrated Milk ($1.07M). Over the past 5 years the exports of Uruguay to Oman have increased at an annualized rate of 51.9%, from $1.24M in 2017 to $10.1M in 2022.

In 2022, Uruguay 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, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $19.1M to Uruguay. The main products exported from Oman to Uruguay were Nitrogenous Fertilizers ($13.9M), Polyacetals ($4.56M), and Ethylene Polymers ($362k). During the last 5 years the exports of Oman to Uruguay have increased at an annualized rate of 22.3%, from $6.98M in 2017 to $19.1M in 2022.

In 2017, Uruguay exported $10.1M to Oman. The main products exported from Uruguay to Oman were Packaged Medicaments ($5.93M), Sheep and Goat Meat ($2.74M), and Concentrated Milk ($1.07M). During the last 5 years the exports of Uruguay to Oman have increased at an annualized rate of 51.9%, from $1.24M in 2022 to $10.1M in 2017.

Exports from Oman () to Uruguay () (2022)

Exports from Uruguay () to Oman () (2022)

Latest Data

Trade between Oman () and Uruguay ()

Oman Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Uruguay
Top DestinationChina$2.89B

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

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

In 2022, countries that imported more from Uruguay than Oman included Brazil ($1.69B), Argentina ($999M), and Germany ($298M).

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

Comparative Advantage Oman - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Uruguay in the exports of Chemical Products ($13.9M), Plastics and Rubbers ($5.08M), and Metals ($138k).

During 2017, Uruguay had a large net trade with Oman in the exports of Chemical Products ($5.93M), Animal Products ($3.82M), and Foodstuffs ($263k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Uruguay+$445kEthylene Polymers

Top Product Potential Uruguay Oman+$1.09MConcentrated Milk

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Uruguay () (2022)

Exports from Uruguay () to Oman () (2022)

Latest Data

Trade between Oman () and Uruguay ()

Oman Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Oman - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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