Hungary (HUN) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Hungary-Oman Trade: In 2022, Hungary exported $14.4M to Oman. The main products that Hungary exported to Oman were Cars ($4.34M), Light Fixtures ($2.14M), and Other Office Machines ($936k). Over the past 5 years the exports of Hungary to Oman have increased at an annualized rate of 2.43%, from $12.7M in 2017 to $14.4M in 2022.

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

Oman-Hungary Trade: In 2022, Oman exported $18.9M to Hungary. The main products that Oman exported to Hungary were Aluminium Wire ($15.3M), Propylene Polymers ($2.26M), and Broadcasting Equipment ($674k). Over the past 5 years the exports of Oman to Hungary have increased at an annualized rate of 1.52%, from $17.3M in 2017 to $18.9M in 2022.

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

Comparison: In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). 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, Hungary exported $14.4M to Oman. The main products exported from Hungary to Oman were Cars ($4.34M), Light Fixtures ($2.14M), and Other Office Machines ($936k). During the last 5 years the exports of Hungary to Oman have increased at an annualized rate of 2.43%, from $12.7M in 2017 to $14.4M in 2022.

In 2017, Oman exported $18.9M to Hungary. The main products exported from Oman to Hungary were Aluminium Wire ($15.3M), Propylene Polymers ($2.26M), and Broadcasting Equipment ($674k). During the last 5 years the exports of Oman to Hungary have increased at an annualized rate of 1.52%, from $17.3M in 2022 to $18.9M in 2017.

Exports from Hungary () to Oman () (2022)

Exports from Oman () to Hungary () (2022)

Latest Data

Trade between Hungary () and Oman ()

Hungary Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Hungary than Oman included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

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

Comparative Advantage Hungary - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Oman in the exports of Transportation ($4.67M), Machines ($3.44M), and Miscellaneous ($2.21M).

During 2017, Oman had a large net trade with Hungary in the exports of Metals ($15.4M), Plastics and Rubbers ($2.26M), and Machines ($906k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Oman+$7.76MCars

Top Product Potential Oman Hungary+$1.71MPropylene 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 Hungary and Oman. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Hungary.

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Oman () (2022)

Exports from Oman () to Hungary () (2022)

Latest Data

Trade between Hungary () and Oman ()

Hungary Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Hungary - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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