Flag United States / Oman Flag

Exports Flag β†’ Flag  (2018): $1.38B, Rnk 69 / 215

Top Product Flag β†’ Flag (2018): $247M, Cars

Exports Flag β†’ Flag (2018): $1.04B, Rnk 9 / 162

Top Product Flag β†’ Flag (2018): $200M, Aluminium Plating

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

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

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 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): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 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

United States-Oman: In 2018, United States exported $1.38B to Oman. The main products exported from United States to Oman were Cars ($247M), Gas Turbines ($126M), and Explosive Ammunition ($100M). During the last 23 years the exports of United States to Oman have increased at an annualized rate of 6.06%, from $357M in 1995 to $1.38B in 2018.

Oman-United States: In 2018, Oman exported $1.04B to United States. The main products exported from Oman to United States were Aluminium Plating ($200M), Raw Plastic Sheeting ($143M), and Jewellery ($101M). During the last 23 years the exports of Oman to United States have increased at an annualized rate of 4.63%, from $366M in 1995 to $1.04B in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). 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, United States was ranked 10 with a GDP Per Capita of $62,795, 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, United States exported $1.38B to Oman. The main products exported from United States to Oman were Cars ($247M), Gas Turbines ($126M), and Explosive Ammunition ($100M). During the last 23 years the exports of United States to Oman have increased at an annualized rate of 6.06%, from $357M in 1995 to $1.38B in 2018.

In 2018, Oman exported $1.04B to United States. The main products exported from Oman to United States were Aluminium Plating ($200M), Raw Plastic Sheeting ($143M), and Jewellery ($101M). During the last 23 years the exports of Oman to United States have increased at an annualized rate of 4.63%, from $366M in 1995 to $1.04B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Oman
Top Destination
: China, $16.7B

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

In 2018, countries that imported more from United States than Oman were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Oman than United States were Yemen ($592M), Somalia ($221M), and Iran ($423M).

Comparative Advantage United States - Oman

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Depth

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

During 2018, United States had a large net trade with Oman in the exports of Machines ($507M), Transportation ($297M), and Weapons ($107M).

During 2018, Oman had a large net trade with United States in the exports of Metals ($463M), Plastics and Rubbers ($237M), and Precious Metals ($101M).

Tariff Section

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This sections shows import tariffs for products traded between United States and Oman (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Oman were Mens, boys garments nes, of material nes, not knit (0.5%) and Parts for radio/tv transmit/receive equipment, nes (0.078%).

In 2018, the products from Oman that paid the highest import tariffs to enter United States were Swine carcasses and half carcasses, fresh or chilled (100%) and Swine hams, shoulders & cuts bone in, fresh or chille (100%).

Explore Tariff Data

*The tariffs present between United States and Oman are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
146: Oman - United States Free Trade Agreement (2006)
146: Oman - United States Free Trade Agreement (2006)

Trade Forecasts

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This section shows a forecast for total trade between United States 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 United States has comparative advantage over Oman. Similarly, the more red a dot/product is, the more Oman has comparative advantage over United States.