Iran (IRN) and Oman (OMN) Trade | The Observatory of Economic Complexity

About

Iran-Oman Trade: In 2022, Iran exported $276M to Oman. The main products that Iran exported to Oman were Sheep and Goats ($112M), Semi-Finished Iron ($52.9M), and Petroleum Coke ($11.5M). Over the past 5 years the exports of Iran to Oman have decreased at an annualized rate of 17.6%, from $724M in 2017 to $276M in 2022.

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

Oman-Iran Trade: In 2022, Oman exported $539M to Iran. The main products that Oman exported to Iran were Rolled Tobacco ($314M), Video Displays ($42.7M), and Large Construction Vehicles ($15M). Over the past 5 years the exports of Oman to Iran have decreased at an annualized rate of 2.29%, from $606M in 2017 to $539M in 2022.

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

Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $276M to Oman. The main products exported from Iran to Oman were Sheep and Goats ($112M), Semi-Finished Iron ($52.9M), and Petroleum Coke ($11.5M). During the last 5 years the exports of Iran to Oman have decreased at an annualized rate of 17.6%, from $724M in 2017 to $276M in 2022.

In 2017, Oman exported $539M to Iran. The main products exported from Oman to Iran were Rolled Tobacco ($314M), Video Displays ($42.7M), and Large Construction Vehicles ($15M). During the last 5 years the exports of Oman to Iran have decreased at an annualized rate of 2.29%, from $606M in 2022 to $539M in 2017.

Exports from Iran () to Oman () (2022)

Exports from Oman () to Iran () (2022)

Latest Data

Trade between Iran () and Oman ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Iran than Oman included Turkey ($3.17B), Kuwait ($960M), and Armenia ($557M).

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

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

Comparative Advantage Iran - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Oman in the exports of Animal Products ($122M), Metals ($58.9M), and Vegetable Products ($38.1M).

During 2017, Oman had a large net trade with Iran in the exports of Foodstuffs ($333M), Machines ($107M), and Transportation ($23.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Oman+$1.75MCement

Top Product Potential Oman Iran+$3.4MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Oman () (2022)

Exports from Oman () to Iran () (2022)

Latest Data

Trade between Iran () and Oman ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Iran - Oman

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring