Iraq (IRQ) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Iraq-Oman Trade: In 2022, Iraq exported $499M to Oman. The main products that Iraq exported to Oman were Petroleum Gas ($189M), Refined Petroleum ($133M), and Semi-Finished Iron ($122M). Over the past 5 years the exports of Iraq to Oman have increased at an annualized rate of 15.5%, from $243M in 2017 to $499M in 2022.

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

Oman-Iraq Trade: In 2022, Oman exported $232M to Iraq. The main products that Oman exported to Iraq were Antiknock ($85.2M), Concentrated Milk ($61.7M), and Wheat ($29.4M). Over the past 5 years the exports of Oman to Iraq have increased at an annualized rate of 7.65%, from $161M in 2017 to $232M in 2022.

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

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). 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, Iraq exported $499M to Oman. The main products exported from Iraq to Oman were Petroleum Gas ($189M), Refined Petroleum ($133M), and Semi-Finished Iron ($122M). During the last 5 years the exports of Iraq to Oman have increased at an annualized rate of 15.5%, from $243M in 2017 to $499M in 2022.

In 2017, Oman exported $232M to Iraq. The main products exported from Oman to Iraq were Antiknock ($85.2M), Concentrated Milk ($61.7M), and Wheat ($29.4M). During the last 5 years the exports of Oman to Iraq have increased at an annualized rate of 7.65%, from $161M in 2022 to $232M in 2017.

Exports from Iraq () to Oman () (2022)

Exports from Oman () to Iraq () (2022)

Latest Data

Trade between Iraq () and Oman ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Iraq than Oman included India ($38.8B), United States ($10.3B), and Greece ($6.27B).

In 2022, countries that imported more from Oman than Iraq included Japan ($2.71B), Saudi Arabia ($2.4B), and Thailand ($2.02B).

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

Comparative Advantage Iraq - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Oman in the exports of Mineral Products ($351M), Metals ($147M), and Instruments ($620k).

During 2017, Oman had a large net trade with Iraq in the exports of Chemical Products ($86.2M), Animal Products ($63.3M), and Vegetable Products ($29.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Oman+$93.1MRefined Petroleum

Top Product Potential Oman Iraq+$5.94MRefined 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Oman () (2022)

Exports from Oman () to Iraq () (2022)

Latest Data

Trade between Iraq () and Oman ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Iraq - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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