2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP
$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 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

Canada-Oman Trade: In 2023, Canada exported $82.5M to Oman. The main products that Canada exported to Oman were Cars ($15.2M), Wheat ($14.2M), and Reaction and Catalytic Products ($6.56M). Over the past 5 years the exports of Canada to Oman have increased at an annualized rate of 1.99%, from $74.8M in 2018 to $82.5M in 2023.

In 2020, Canada exported services to Oman worth $7.46M, with Computer and information services ($6.71M) and Royalties and license fees ($746k) being the largest in terms of value.

Oman-Canada Trade: In 2023, Oman exported $79.2M to Canada. The main products that Oman exported to Canada were Raw Iron Bars ($23.2M), Raw Plastic Sheeting ($17.3M), and Semi-Finished Iron ($11M). Over the past 5 years the exports of Oman to Canada have increased at an annualized rate of 17.5%,  from $35.4M in 2018 to $79.2M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). 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, Canada exported $82.5M to Oman. The main products exported from Canada to Oman were Cars ($15.2M), Wheat ($14.2M), and Reaction and Catalytic Products ($6.56M). During the last 5 years the exports of Canada to Oman have increased at an annualized rate of 1.99%, from $74.8M in 2018 to $82.5M in 2023.

In 2018, Oman exported $79.2M to Canada. The main products exported from Oman to Canada were Raw Iron Bars ($23.2M), Raw Plastic Sheeting ($17.3M), and Semi-Finished Iron ($11M). During the last 5 years the exports of Oman to Canada have increased at an annualized rate of 17.5%, from $35.4M in 2023 to $79.2M in 2018.

Exports from Canada (Flag) to Oman (Flag) (2023)

Exports from Oman (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Oman
Top Destination
China$30.2B

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

In 2023, countries that imported more from Canada than Oman included United States ($410B), United Kingdom ($18B), and Japan ($13.4B).

In 2023, countries that imported more from Oman than Canada included South Africa ($2.57B), Saudi Arabia ($3.64B), and United Arab Emirates ($3.49B).

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

Comparative Advantage Canada - Oman

Flow
Scale

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

During 2023, Canada had a large net trade with Oman in the exports of Machines ($23.3M), Transportation ($17.9M), and Vegetable Products ($14.2M).

During 2018, Oman had a large net trade with Canada in the exports of Metals ($43.1M), Plastics and Rubbers ($23.4M), and Chemical Products ($7.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Oman+$5.86MCars
Top Product Potential Oman Canada+$13.6MNitrogenous Fertilizers

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

Product Space of Canada (Flag) and Oman (Flag) (2023)

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