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2023
Flag → Flag
Exports $401MRnk 67 / 220
2023
Flag → Flag
Top Product $42.9MConcentrated Milk
2023
Flag → Flag
Exports $52.5MRnk 64 / 171
2023
Flag → Flag
Top Product $21.8MFish Oil
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$21,550CURRENT US$
Rnk 62 / 196
2013-2023
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GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Belgium-Oman Trade: In 2023, Belgium exported $401M to Oman. The main products that Belgium exported to Oman were Concentrated Milk ($42.9M), Tractors ($40.9M), and Packaged Medicaments ($23.4M). Over the past 5 years the exports of Belgium to Oman have increased at an annualized rate of 4.35%, from $324M in 2018 to $401M in 2023.

In 2023, Belgium did not export any services to Oman.

Oman-Belgium Trade: In 2023, Oman exported $52.5M to Belgium. The main products that Oman exported to Belgium were Fish Oil ($21.8M), Cyclic Hydrocarbons ($10.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($4.2M). Over the past 5 years the exports of Oman to Belgium have increased at an annualized rate of 18.7%,  from $22.3M in 2018 to $52.5M in 2023.

In 2023, Oman did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €13.1M and imported €322k from Oman, resulting in a positive trade balance of €12.7M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-3.9M (-23%) from €17M to €13.1M, while imports decreased by €-1.27M (-79.9%) from €1.6M to €322k.

Trade In October 2024, the top exports of Belgium to Oman were Cars, tractors, trucks & parts thereof. (€1.97M), Machinery, mechanical appliances, & parts (€1.54M), Pharmaceutical products (€1.24M), Optical, photo, & film equipment; medical... (€696k), and Preparations of vegetables, fruit, nuts or... (€579k). In October 2024 the top imports of Belgium from Oman were Plastics & articles thereof (€202k), Electrical machinery and electronics (€54.2k), Fish, Crustaceans & Molluscs (€5.11k), Optical, photo, & film equipment; medical... (€1.66k), and Miscellaneous metal products (€370).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Oman was explained primarily by an decrease in product exports in Edible vegetables, roots, & tubers (€-155k or -45.1%), Organic chemicals (€-127k or -99.9%), and Preparations of vegetables, fruit, nuts or... (€-103k or -15.1%). In October 2024, the decrease in Belgium's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... (€-1.39k or -88.2%) and Perfumery & cosmetics (€-395 or -68.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-3.9M(-23%)
IMPORT GROWTH (October 2023 - October 2024)€-1.27M(-79.9%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Oman and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Belgium Data

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Historical Data

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Belgium than Oman included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Oman than Belgium included China ($30.2B), Chinese Taipei ($2.44B), and Saudi Arabia ($3.64B).

Difference in imports from Oman (Flag) and Belgium (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Oman+$15.6MCars
Top Product Potential Oman Belgium+$57.3MRefined Petroleum

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

Product Space of Belgium (Flag) and Oman (Flag) (NaN)

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