Romania (ROU) and Oman (OMN) Trade | The Observatory of Economic Complexity

About

Romania-Oman Trade: In 2023, Romania exported $29.3M to Oman. The main products that Romania exported to Oman were Seed Oils ($10.7M), Liquid Pumps ($3.86M), and Valves ($2.8M). Over the past 5 years the exports of Romania to Oman have decreased at an annualized rate of 2.03%, from $32.5M in 2018 to $29.3M in 2023.

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

Oman-Romania Trade: In 2023, Oman exported $90.6M to Romania. The main products that Oman exported to Romania were Crude Petroleum ($56.1M), Semi-Finished Iron ($17.6M), and Insulated Wire ($5.86M). Over the past 5 years the exports of Oman to Romania have increased at an annualized rate of 39.6%, from $17.1M in 2018 to $90.6M in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $29.3M to Oman. The main products exported from Romania to Oman were Seed Oils ($10.7M), Liquid Pumps ($3.86M), and Valves ($2.8M). During the last 5 years the exports of Romania to Oman have decreased at an annualized rate of 2.03%, from $32.5M in 2018 to $29.3M in 2023.

In 2018, Oman exported $90.6M to Romania. The main products exported from Oman to Romania were Crude Petroleum ($56.1M), Semi-Finished Iron ($17.6M), and Insulated Wire ($5.86M). During the last 5 years the exports of Oman to Romania have increased at an annualized rate of 39.6%, from $17.1M in 2023 to $90.6M in 2018.

Exports from Romania () to Oman () (2023)

Exports from Oman () to Romania () (2023)

Latest Data

Trade between Romania () and Oman ()

Romania Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Romania than Oman included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Oman than Romania included China ($30.2B), India ($4.5B), and United Arab Emirates ($3.49B).

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

Comparative Advantage Romania - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Oman in the exports of Animal and Vegetable Bi-Products ($10.7M), Machines ($8.65M), and Foodstuffs ($2.5M).

During 2018, Oman had a large net trade with Romania in the exports of Mineral Products ($56.1M), Metals ($24.9M), and Machines ($5.97M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Oman+$3.86MWheat

Top Product Potential Oman Romania+$3.75MSemi-Finished Iron

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Oman () (2023)

Exports from Oman () to Romania () (2023)

Latest Data

Trade between Romania () and Oman ()

Romania Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Romania - Oman

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring