2022
Exports
$442MWorld Rnk 52 / 210
Flag Rnk 15 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$525MWorld Rnk 65 / 224
Flag Rnk 16 / 96
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $442M in Animal or vegetable fats, oils, & waxes, making it the 52nd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 15th most exported product in Oman. The main destination of Animal or vegetable fats, oils, & waxes exports from Oman are: Saudi Arabia ($97.5M), India ($92.2M), United Arab Emirates ($82.4M), Yemen ($59.4M), and Norway ($18.8M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Oman between 2021 and 2022 were India ($89.1M), United Arab Emirates ($27.1M), and Yemen ($18.4M).

Imports In 2022, Oman imported $525M in Animal or vegetable fats, oils, & waxes, becoming the 65th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 16th most imported product in Oman. Oman imports Animal or vegetable fats, oils, & waxes primarily from: Indonesia ($210M), Malaysia ($95.7M), United Arab Emirates ($77.9M), Argentina ($36.4M), and Ukraine ($17M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Oman between 2021 and 2022 were Indonesia ($54.3M), Malaysia ($27.7M), and United Arab Emirates ($24.7M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$442M
IMPORTS (2022)$525M
NET TRADE (2022)-$82.5M

In 2022, Oman exported $442M in Animal or vegetable fats, oils, & waxes. The main destinations of Oman exports on Animal or vegetable fats, oils, & waxes were Saudi Arabia ($97.5M), India ($92.2M), United Arab Emirates ($82.4M), Yemen ($59.4M), and Norway ($18.8M).

In 2022, Oman imported $525M in Animal or vegetable fats, oils, & waxes, mainly from Indonesia ($210M), Malaysia ($95.7M), United Arab Emirates ($77.9M), Argentina ($36.4M), and Ukraine ($17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Oman WERE (2021 - 2022):
India$89.1M (2.83k%)
United Arab Emirates$27.1M (48.9%)
Yemen$18.4M (44.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Oman WERE (2021 - 2022):
Turkey-$3.85M (-20.9%)
Chile-$1.92M (-22.3%)
Australia-$1.73M (-59%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Oman's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALEthiopia+ $1.09M
TOP IMPORT POTENTIALUkraine+ $3.75M

Animal or vegetable fats, oils, & waxes’s highest export potential is Ethiopia. With an export gap of $1.09M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Ukraine with an import gap of $3.75M.

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