Guatemala (GTM) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Guatemala-Oman Trade: In 2023, Guatemala exported $452k to Oman. The main products that Guatemala exported to Oman were Nutmeg, mace and cardamons ($299k), Prepared Cereals ($67k), and Sowing Seeds ($62.3k). Over the past 5 years the exports of Guatemala to Oman have decreased at an annualized rate of 33.7%, from $3.53M in 2018 to $452k in 2023.

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

Oman-Guatemala Trade: In 2023, Oman exported $4.77M to Guatemala. The main products that Oman exported to Guatemala were Raw Plastic Sheeting ($4.39M), Ethylene Polymers ($126k), and Propylene Polymers ($86.3k). Over the past 5 years the exports of Oman to Guatemala have increased at an annualized rate of 30.3%, from $1.27M in 2018 to $4.77M in 2023.

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

Comparison: In 2023, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). 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, Guatemala exported $452k to Oman. The main products exported from Guatemala to Oman were Nutmeg, mace and cardamons ($299k), Prepared Cereals ($67k), and Sowing Seeds ($62.3k). During the last 5 years the exports of Guatemala to Oman have decreased at an annualized rate of 33.7%, from $3.53M in 2018 to $452k in 2023.

In 2018, Oman exported $4.77M to Guatemala. The main products exported from Oman to Guatemala were Raw Plastic Sheeting ($4.39M), Ethylene Polymers ($126k), and Propylene Polymers ($86.3k). During the last 5 years the exports of Oman to Guatemala have increased at an annualized rate of 30.3%, from $1.27M in 2023 to $4.77M in 2018.

Exports from Guatemala () to Oman () (2023)

Exports from Oman () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Oman ()

Guatemala Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Guatemala than Oman included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

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

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

Comparative Advantage Guatemala - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Oman in the exports of Vegetable Products ($385k), Foodstuffs ($67k), and Textiles ($18).

During 2018, Oman had a large net trade with Guatemala in the exports of Plastics and Rubbers ($4.63M), Foodstuffs ($76k), and Textiles ($19.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Oman+$178kCoffee

Top Product Potential Oman Guatemala+$772kEthylene Polymers

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Oman () (2023)

Exports from Oman () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Oman ()

Guatemala Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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