Armenia (ARM) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Armenia-Oman Trade: In 2022, Armenia exported $27.6k to Oman. The main products that Armenia exported to Oman were Fuel Wood ($12.1k), Other Fruits ($10.5k), and Knit Women's Suits ($4.98k). Over the past 6 years the exports of Armenia to Oman have decreased at an annualized rate of 19.9%, from $105k in 2016 to $27.6k in 2022.

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

Oman-Armenia Trade: In 2022, Oman exported $242k to Armenia. The main products that Oman exported to Armenia were Polyacetals ($142k), Building Stone ($64.4k), and Delivery Trucks ($20.2k). Over the past 6 years the exports of Oman to Armenia have increased at an annualized rate of 0.18%, from $240k in 2016 to $242k in 2022.

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

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). 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, Armenia exported $27.6k to Oman. The main products exported from Armenia to Oman were Fuel Wood ($12.1k), Other Fruits ($10.5k), and Knit Women's Suits ($4.98k). During the last 6 years the exports of Armenia to Oman have decreased at an annualized rate of 19.9%, from $105k in 2016 to $27.6k in 2022.

In 2017, Oman exported $242k to Armenia. The main products exported from Oman to Armenia were Polyacetals ($142k), Building Stone ($64.4k), and Delivery Trucks ($20.2k). During the last 5 years the exports of Oman to Armenia have increased at an annualized rate of 0.18%, from $240k in 2022 to $242k in 2017.

Exports from Armenia () to Oman () (2022)

Exports from Oman () to Armenia () (2022)

Latest Data

Trade between Armenia () and Oman ()

Armenia Exports

Date

Oman Exports

Date

Nov 2018

Oct 2018

May 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Armenia than Oman included Russia ($2.36B), Georgia ($260M), and Switzerland ($257M).

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

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

Comparative Advantage Armenia - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Armenia had a large net trade with Oman in the exports of Wood Products ($12.1k), Vegetable Products ($10.5k), and Textiles ($4.98k).

During 2017, Oman had a large net trade with Armenia in the exports of Plastics and Rubbers ($142k), Stone And Glass ($64.4k), and Transportation ($20.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Oman+$25.3kOther Fruits

Top Product Potential Oman Armenia+$143kPolyacetals

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Oman () (2022)

Exports from Oman () to Armenia () (2022)

Latest Data

Trade between Armenia () and Oman ()

Armenia Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Armenia - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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