Finland (FIN) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Finland-Oman Trade: In 2023, Finland exported $18.8M to Oman. The main products that Finland exported to Oman were Rough Wood ($3.67M), Electric Motors ($2.87M), and Integrated Circuits ($1.34M). Over the past 5 years the exports of Finland to Oman have decreased at an annualized rate of 3.43%, from $22.4M in 2018 to $18.8M in 2023.

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

Oman-Finland Trade: In 2023, Oman exported $21.5M to Finland. The main products that Oman exported to Finland were Aluminium Wire ($19.7M), Nitrogenous Fertilizers ($1.63M), and Low-voltage Protection Equipment ($29.6k). Over the past 5 years the exports of Oman to Finland have increased at an annualized rate of 57.2%, from $2.24M in 2018 to $21.5M in 2023.

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

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $18.8M to Oman. The main products exported from Finland to Oman were Rough Wood ($3.67M), Electric Motors ($2.87M), and Integrated Circuits ($1.34M). During the last 5 years the exports of Finland to Oman have decreased at an annualized rate of 3.43%, from $22.4M in 2018 to $18.8M in 2023.

In 2018, Oman exported $21.5M to Finland. The main products exported from Oman to Finland were Aluminium Wire ($19.7M), Nitrogenous Fertilizers ($1.63M), and Low-voltage Protection Equipment ($29.6k). During the last 5 years the exports of Oman to Finland have increased at an annualized rate of 57.2%, from $2.24M in 2023 to $21.5M in 2018.

Exports from Finland () to Oman () (2023)

Exports from Oman () to Finland () (2023)

Latest Data

Trade between Finland () and Oman ()

Finland Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Finland than Oman included Germany ($9.26B), Sweden ($8.13B), and United States ($9.68B).

In 2023, countries that imported more from Oman than Finland included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

Difference in imports from Oman () and Finland () (2023)

Comparative Advantage Finland - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Oman in the exports of Machines ($8.92M), Wood Products ($3.69M), and Instruments ($2.09M).

During 2018, Oman had a large net trade with Finland in the exports of Metals ($19.7M), Chemical Products ($1.66M), and Machines ($77.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Oman+$923kElectrical Transformers

Top Product Potential Oman Finland+$2.05MNitrogenous 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Oman () (2023)

Exports from Oman () to Finland () (2023)

Latest Data

Trade between Finland () and Oman ()

Finland Exports

Oman Exports

Market Competitiveness

Difference in imports from Oman () and Finland () (2023)

Comparative Advantage Finland - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Oman () (2023)

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