Flag Saudi Arabia / Oman Flag

Exports Flag β†’ Flag  (2018): $1B, Rnk 32 / 180

Top Product Flag β†’ Flag (2018): $57.4M, Fermented Milk Products

Exports Flag β†’ Flag (2018): $2.14B, Rnk 5 / 162

Top Product Flag β†’ Flag (2018): $443M, Iron Ore

Economic Complexity of Flag (2018): ECI 0.93, Rnk 27 / 137

Economic Complexity of Flag (2018): ECI -0.046, Rnk 68 / 137

GDP Flag (2018): $787B, CURRENT US$
Rnk 18 / 196

GDP GROWTH Flag (2008-2018): 51.3%, CURRENT US$
Rnk 79 / 196

GDP Flag (2018): $79.3B, CURRENT US$
Rnk 68 / 196

GDP GROWTH Flag (2008-2018): 30.2%, CURRENT US$
Rnk 111 / 196

GDP PC Flag (2018): $23,339, CURRENT US$
Rnk 42 / 196

GDP PC GROWTH Flag (2008-2018): 16.2%, CURRENT US$
Rnk 110 / 196

GDP PC Flag (2018): $16,415, CURRENT US$
Rnk 57 / 196

GDP PC GROWTH Flag (2008-2018): -25.9%, CURRENT US$
Rnk 190 / 196

Saudi Arabia-Oman: In 2018, Saudi Arabia exported $1B to Oman. The main products exported from Saudi Arabia to Oman were Fermented Milk Products ($57.4M), Ethylene Polymers ($53.2M), and Fruit Juice ($52.3M). During the last 23 years the exports of Saudi Arabia to Oman have increased at an annualized rate of 6.9%, from $216M in 1995 to $1B in 2018.

Oman-Saudi Arabia: In 2018, Oman exported $2.14B to Saudi Arabia. The main products exported from Oman to Saudi Arabia were Iron Ore ($443M), Iron Reductions ($419M), and Special Purpose Ships ($349M). During the last 23 years the exports of Oman to Saudi Arabia have increased at an annualized rate of 14.8%, from $88.7M in 1995 to $2.14B in 2018.

Comparison: In 2018, Saudi Arabia ranked 27 in the Economic Complexity Index (ECI 0.93), and 21 in total exports ($263B). That same year, Oman ranked 68 in the Economic Complexity Index (ECI -0.046), and 56 in total exports ($41.1B). In terms of GDP Per Capita, Saudi Arabia was ranked 42 with a GDP Per Capita of $23,339, and Oman was ranked 57 with a GDP Per Capita of $16,415.

Bilateral Trade by Products

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Depth
Value

In 2018, Saudi Arabia exported $1B to Oman. The main products exported from Saudi Arabia to Oman were Fermented Milk Products ($57.4M), Ethylene Polymers ($53.2M), and Fruit Juice ($52.3M). During the last 23 years the exports of Saudi Arabia to Oman have increased at an annualized rate of 6.9%, from $216M in 1995 to $1B in 2018.

In 2018, Oman exported $2.14B to Saudi Arabia. The main products exported from Oman to Saudi Arabia were Iron Ore ($443M), Iron Reductions ($419M), and Special Purpose Ships ($349M). During the last 23 years the exports of Oman to Saudi Arabia have increased at an annualized rate of 14.8%, from $88.7M in 1995 to $2.14B in 2018.

Market Competitiveness

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Measure

Saudi Arabia
Top Destination
: China, $37.5B

Oman
Top Destination
: China, $16.7B

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

In 2018, countries that imported more from Saudi Arabia than Oman were Japan ($29.4B), India ($26.3B), and South Korea ($23.5B).

In 2018, countries that imported more from Oman than Saudi Arabia were Qatar ($1.83B), Iran ($423M), and Somalia ($221M).

Comparative Advantage Saudi Arabia - Oman

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Depth

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

During 2018, Saudi Arabia had a large net trade with Oman in the exports of Chemical Products ($171M), Animal Products ($135M), and Transportation ($113M).

During 2018, Oman had a large net trade with Saudi Arabia in the exports of Metals ($770M), Mineral Products ($445M), and Transportation ($365M).

Trade Forecasts

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This section shows a forecast for total trade between Saudi Arabia and Oman. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Saudi Arabia has comparative advantage over Oman. Similarly, the more red a dot/product is, the more Oman has comparative advantage over Saudi Arabia.