Venezuela (VEN) and Oman (OMN) Trade | The Observatory of Economic Complexity

About

Venezuela-Oman Trade: In 2022, Venezuela exported $454k to Oman. The main products that Venezuela exported to Oman were Raw Aluminium ($454k). Over the past 5 years the exports of Venezuela to Oman have decreased at an annualized rate of 52.7%, from $19.3M in 2017 to $454k in 2022.

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

Oman-Venezuela Trade: In 2022, Oman exported $145k to Venezuela. The main products that Oman exported to Venezuela were N/A. Over the past 5 years the exports of Oman to Venezuela have decreased at an annualized rate of 23.7%, from $19M in 2017 to $145k in 2022.

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

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $454k to Oman. The main products exported from Venezuela to Oman were Raw Aluminium ($454k). During the last 5 years the exports of Venezuela to Oman have decreased at an annualized rate of 52.7%, from $19.3M in 2017 to $454k in 2022.

In 2016, Oman exported $145k to Venezuela. There were not main exports from Oman to Venezuela in 2016. During the last 5 years the exports of Oman to Venezuela have decreased at an annualized rate of 23.7%, from $19M in 2021 to $145k in 2016.

Exports from Venezuela () to Oman () (2022)

Exports from Oman () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Oman ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Venezuela than Oman included Lebanon ($150M), Guatemala ($84.5M), and Montenegro ($75.9M).

In 2022, countries that imported more from Oman than Venezuela included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

Comparative Advantage Venezuela - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Oman in the exports of Metals ($454k).

During 2016, Oman had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Oman () (2022)

Exports from Oman () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Oman ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Oman

Economic Complexity

Competitive Landscape

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

Keep Exploring