2023
Flag  
GDP
$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 195
2023
Flag
 GDP
$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC 
$6,023CURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP PC GROWTH
-17.9%CURRENT US$
Rnk 178 / 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

South Africa-Oman Trade: In 2023, South Africa exported $59.5M to Oman. The main products that South Africa exported to Oman were Pig Iron ($23.5M), Citrus ($8.01M), and Cars ($3.58M). Over the past 5 years the exports of South Africa to Oman have decreased at an annualized rate of 0.89%, from $62.2M in 2018 to $59.5M in 2023.

In 2023, South Africa did not export any services to Oman.

Oman-South Africa Trade: In 2023, Oman exported $2.57B to South Africa. The main products that Oman exported to South Africa were Refined Petroleum ($2.45B), Nitrogenous Fertilizers ($70.9M), and Petroleum Gas ($10.9M). Over the past 5 years the exports of Oman to South Africa have increased at an annualized rate of 18.2%,  from $1.11B in 2018 to $2.57B in 2023.

In 2023, Oman did not export any services to South Africa.

Comparison: In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B). 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
Value

In 2023, South Africa exported $59.5M to Oman. The main products exported from South Africa to Oman were Pig Iron ($23.5M), Citrus ($8.01M), and Cars ($3.58M). During the last 5 years the exports of South Africa to Oman have decreased at an annualized rate of 0.89%, from $62.2M in 2018 to $59.5M in 2023.

In 2018, Oman exported $2.57B to South Africa. The main products exported from Oman to South Africa were Refined Petroleum ($2.45B), Nitrogenous Fertilizers ($70.9M), and Petroleum Gas ($10.9M). During the last 5 years the exports of Oman to South Africa have increased at an annualized rate of 18.2%, from $1.11B in 2023 to $2.57B in 2018.

Exports from South Africa (Flag) to Oman (Flag) (2023)

Exports from Oman (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top Destination
China$29.5B
Oman
Top Destination
China$30.2B

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

In 2023, countries that imported more from South Africa than Oman included United States ($13B), Germany ($10.8B), and United Kingdom ($9.01B).

In 2023, countries that imported more from Oman than South Africa included Saudi Arabia ($3.64B), Chinese Taipei ($2.44B), and Egypt ($985M).

Difference in imports from Oman (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Oman

Flow
Scale

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

During 2023, South Africa had a large net trade with Oman in the exports of Metals ($30.9M), Vegetable Products ($15.3M), and Transportation ($3.7M).

During 2018, Oman had a large net trade with South Africa in the exports of Mineral Products ($2.47B), Chemical Products ($75.6M), and Plastics and Rubbers ($12.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Oman+$8.17MCars
Top Product Potential Oman South Africa+$5.19MEthylene 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 South Africa and Oman. This means that a dot/product with the flag of South Africa indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over South Africa.

Product Space of South Africa (Flag) and Oman (Flag) (2023)

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