Oman (OMN) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Oman-Vietnam Trade: In 2022, Oman exported $154M to Vietnam. The main products that Oman exported to Vietnam were Ethylene Polymers ($39.8M), Animal Meal and Pellets ($24.5M), and Propylene Polymers ($24.3M). Over the past 5 years the exports of Oman to Vietnam have increased at an annualized rate of 14.6%, from $77.6M in 2017 to $154M in 2022.

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

Vietnam-Oman Trade: In 2022, Vietnam exported $55.1M to Oman. The main products that Vietnam exported to Oman were Raw Aluminium ($12.3M), Citrus ($6.59M), and Coffee ($4.98M). Over the past 5 years the exports of Vietnam to Oman have decreased at an annualized rate of 3.5%, from $65.9M in 2017 to $55.1M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $154M to Vietnam. The main products exported from Oman to Vietnam were Ethylene Polymers ($39.8M), Animal Meal and Pellets ($24.5M), and Propylene Polymers ($24.3M). During the last 5 years the exports of Oman to Vietnam have increased at an annualized rate of 14.6%, from $77.6M in 2017 to $154M in 2022.

In 2017, Vietnam exported $55.1M to Oman. The main products exported from Vietnam to Oman were Raw Aluminium ($12.3M), Citrus ($6.59M), and Coffee ($4.98M). During the last 5 years the exports of Vietnam to Oman have decreased at an annualized rate of 3.5%, from $65.9M in 2022 to $55.1M in 2017.

Exports from Oman () to Vietnam () (2022)

Exports from Vietnam () to Oman () (2022)

Latest Data

Trade between Oman () and Vietnam ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Oman than Vietnam included Saudi Arabia ($2.4B), Qatar ($1.09B), and Iran ($539M).

In 2022, countries that imported more from Vietnam than Oman included United States ($117B), China ($58.7B), and Japan ($25B).

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

Comparative Advantage Oman - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Vietnam in the exports of Plastics and Rubbers ($64.2M), Foodstuffs ($33.8M), and Animal Products ($28.1M).

During 2017, Vietnam had a large net trade with Oman in the exports of Vegetable Products ($14.2M), Metals ($13.5M), and Machines ($8.66M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Vietnam+$11MEthylene Polymers

Top Product Potential Vietnam Oman+$8.97MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Vietnam () (2022)

Exports from Vietnam () to Oman () (2022)

Latest Data

Trade between Oman () and Vietnam ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Oman - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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