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2023
Flag → Flag
Exports $36MRnk 83 / 211
2023
Flag → Flag
Top Product $21.1MRefined Petroleum
2023
Flag → Flag
Exports $53.5MRnk 63 / 171
2023
Flag → Flag
Top Product $37MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$21,550CURRENT US$
Rnk 62 / 196
2013-2023
Flag
GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Portugal-Oman Trade: In 2023, Portugal exported $36M to Oman. The main products that Portugal exported to Oman were Refined Petroleum ($21.1M), Processed Tomatoes ($7.43M), and Cars ($2.32M). Over the past 5 years the exports of Portugal to Oman have increased at an annualized rate of 28.9%, from $10.1M in 2018 to $36M in 2023.

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

Oman-Portugal Trade: In 2023, Oman exported $53.5M to Portugal. The main products that Oman exported to Portugal were Refined Petroleum ($37M), Ammonia ($6.42M), and Cyclic Hydrocarbons ($4.89M). Over the past 5 years the exports of Oman to Portugal have increased at an annualized rate of 82.4%,  from $2.65M in 2018 to $53.5M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €1.06M and imported €63.7k from Oman, resulting in a positive trade balance of €995k. Between November 2023 and November 2024 the exports of Portugal have increased by €855k (418%) from €205k to €1.06M, while imports decreased by €-35.5M (-99.8%) from €35.6M to €63.7k.

Trade In November 2024, the top exports of Portugal to Oman were Machinery, mechanical appliances, & parts (€180k), Rubber & articles thereof (€42.5k), Ceramic products (€37.1k), Perfumery & cosmetics (€24.5k), and Wood, wood articles, & charcoal (€18k). In November 2024 the top imports of Portugal from Oman were Plastics & articles thereof (€53.5k), Pharmaceutical products (€52.9k), Iron & steel (€21.9k), Footwear (€719), and Perfumery & cosmetics (€425).

Growth In November 2024, the increase in Portugal's year-by-year exports to Oman was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€173k or 2.46k%), Rubber & articles thereof (€40.2k or 1.72k%), and Ceramic products (€18.8k or 103%). In November 2024, the decrease in Portugal's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Fish, Crustaceans & Molluscs (€-58.7k or -100%), Plastics & articles thereof (€-16.1k or -23.1%), and Perfumery & cosmetics (€-1.49k or -77.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€855k(418%)
IMPORT GROWTH (November 2023 - November 2024)€-35.5M(-99.8%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Oman and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $36M to Oman. The main products exported from Portugal to Oman were Refined Petroleum ($21.1M), Processed Tomatoes ($7.43M), and Cars ($2.32M). During the last 5 years the exports of Portugal to Oman have increased at an annualized rate of 28.9%, from $10.1M in 2018 to $36M in 2023.

In 2018, Oman exported $53.5M to Portugal. The main products exported from Oman to Portugal were Refined Petroleum ($37M), Ammonia ($6.42M), and Cyclic Hydrocarbons ($4.89M). During the last 5 years the exports of Oman to Portugal have increased at an annualized rate of 82.4%, from $2.65M in 2023 to $53.5M in 2018.

Exports from Portugal (Flag) to Oman (Flag) (2023)

Exports from Oman (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Portugal than Oman included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Oman than Portugal included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

Difference in imports from Oman (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Oman

Flow
Scale

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

During 2023, Portugal had a large net trade with Oman in the exports of Mineral Products ($21.3M), Foodstuffs ($7.62M), and Transportation ($2.48M).

During 2018, Oman had a large net trade with Portugal in the exports of Mineral Products ($37M), Chemical Products ($11.4M), and Plastics and Rubbers ($1.12M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Oman+$2.14MCars
Top Product Potential Oman Portugal+$1.73MPropylene Polymers

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

Product Space of Portugal (Flag) and Oman (Flag) (2023)

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