2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 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

India-Oman Trade: In 2023, India exported $3.23B to Oman. The main products that India exported to Oman were Refined Petroleum ($726M), Semi-Finished Iron ($233M), and Rice ($199M). Over the past 5 years the exports of India to Oman have increased at an annualized rate of 16.2%, from $1.52B in 2018 to $3.23B in 2023.

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

Oman-India Trade: In 2023, Oman exported $4.5B to India. The main products that Oman exported to India were Nitrogenous Fertilizers ($843M), Petroleum Gas ($526M), and Refined Petroleum ($472M). Over the past 5 years the exports of Oman to India have increased at an annualized rate of 4.75%,  from $3.57B in 2018 to $4.5B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $3.23B to Oman. The main products exported from India to Oman were Refined Petroleum ($726M), Semi-Finished Iron ($233M), and Rice ($199M). During the last 5 years the exports of India to Oman have increased at an annualized rate of 16.2%, from $1.52B in 2018 to $3.23B in 2023.

In 2018, Oman exported $4.5B to India. The main products exported from Oman to India were Nitrogenous Fertilizers ($843M), Petroleum Gas ($526M), and Refined Petroleum ($472M). During the last 5 years the exports of Oman to India have increased at an annualized rate of 4.75%, from $3.57B in 2023 to $4.5B in 2018.

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

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

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Oman
Top Destination
China$30.2B

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

In 2023, countries that imported more from India than Oman included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

In 2023, countries that imported more from Oman than India included China ($30.2B), Chinese Taipei ($2.44B), and Croatia ($562M).

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

Comparative Advantage India - Oman

Flow
Scale

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

During 2023, India had a large net trade with Oman in the exports of Mineral Products ($853M), Metals ($692M), and Transportation ($454M).

During 2018, Oman had a large net trade with India in the exports of Mineral Products ($1.94B), Chemical Products ($1.53B), and Plastics and Rubbers ($351M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Oman+$256MRefined Petroleum
Top Product Potential Oman India+$1.64BCrude 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 India and Oman. This means that a dot/product with the flag of India indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over India.

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

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