Azerbaijan (AZE) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Azerbaijan-Oman Trade: In 2022, Azerbaijan exported $2.3M to Oman. The main products that Azerbaijan exported to Oman were Rolled Tobacco ($624k), Oscilloscopes ($392k), and Chocolate ($213k). Over the past 5 years the exports of Azerbaijan to Oman have increased at an annualized rate of 99.3%, from $73.1k in 2017 to $2.3M in 2022.

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

Oman-Azerbaijan Trade: In 2022, Oman exported $783k to Azerbaijan. The main products that Oman exported to Azerbaijan were Large Construction Vehicles ($254k), Packaged Medicaments ($139k), and Delivery Trucks ($105k). Over the past 5 years the exports of Oman to Azerbaijan have increased at an annualized rate of 21.7%, from $293k in 2017 to $783k in 2022.

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

Comparison: In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). 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, Azerbaijan exported $2.3M to Oman. The main products exported from Azerbaijan to Oman were Rolled Tobacco ($624k), Oscilloscopes ($392k), and Chocolate ($213k). During the last 5 years the exports of Azerbaijan to Oman have increased at an annualized rate of 99.3%, from $73.1k in 2017 to $2.3M in 2022.

In 2017, Oman exported $783k to Azerbaijan. The main products exported from Oman to Azerbaijan were Large Construction Vehicles ($254k), Packaged Medicaments ($139k), and Delivery Trucks ($105k). During the last 5 years the exports of Oman to Azerbaijan have increased at an annualized rate of 21.7%, from $293k in 2022 to $783k in 2017.

Exports from Azerbaijan () to Oman () (2022)

Exports from Oman () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Oman ()

Azerbaijan Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Azerbaijan than Oman included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

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

Comparative Advantage Azerbaijan - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Oman in the exports of Foodstuffs ($912k), Instruments ($549k), and Machines ($538k).

During 2017, Oman had a large net trade with Azerbaijan in the exports of Machines ($344k), Chemical Products ($194k), and Transportation ($105k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Oman+$485kRefined Petroleum

Top Product Potential Oman Azerbaijan+$268kPackaged Medicaments

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 Azerbaijan and Oman. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Azerbaijan.

About

Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Oman () (2022)

Exports from Oman () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Oman ()

Azerbaijan Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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