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Pricing

2022
Flag → Flag
Exports $282kRnk 97 / 160
2022
Flag → Flag
Top Product $56.6kSheep and Goat Meat
2022
Flag → Flag
Exports $7.51kRnk 163 / 171
2022
Flag → Flag
Top Product $3.36kCrustaceans
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Iceland-Oman Trade: In 2022, Iceland exported $282k to Oman. The main products that Iceland exported to Oman were Sheep and Goat Meat ($56.6k), Non-fillet Frozen Fish ($54.3k), and Surveying Equipment ($50.7k). Over the past 5 years the exports of Iceland to Oman have increased at an annualized rate of 53.6%, from $33k in 2017 to $282k in 2022.

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

Oman-Iceland Trade: In 2022, Oman exported $7.51k to Iceland. The main products that Oman exported to Iceland were Crustaceans ($3.36k), Motor vehicles; parts and accessories (8701 to 8705) ($1.5k), and Electric Batteries ($1.49k). Over the past 5 years the exports of Oman to Iceland have decreased at an annualized rate of 17.4%,  from $19.5k in 2017 to $7.51k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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
Value

In 2022, Iceland exported $282k to Oman. The main products exported from Iceland to Oman were Sheep and Goat Meat ($56.6k), Non-fillet Frozen Fish ($54.3k), and Surveying Equipment ($50.7k). During the last 5 years the exports of Iceland to Oman have increased at an annualized rate of 53.6%, from $33k in 2017 to $282k in 2022.

In 2017, Oman exported $7.51k to Iceland. The main products exported from Oman to Iceland were Crustaceans ($3.36k), Motor vehicles; parts and accessories (8701 to 8705) ($1.5k), and Electric Batteries ($1.49k). During the last 5 years the exports of Oman to Iceland have decreased at an annualized rate of 17.4%, from $19.5k in 2022 to $7.51k in 2017.

Exports from Iceland (Flag) to Oman (Flag) (2022)

Exports from Oman (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and Oman (Flag)

Iceland Exports

Oman Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Iceland than Oman included Netherlands ($1.97B), Germany ($573M), and Norway ($459M).

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

Difference in imports from Oman (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Oman

Flow
Scale

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

During 2022, Iceland had a large net trade with Oman in the exports of Animal Products ($111k), Instruments ($92.8k), and Machines ($52.3k).

During 2017, Oman had a large net trade with Iceland in the exports of Animal Products ($3.36k), Machines ($1.67k), and Transportation ($1.5k).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Oman (Flag) (2022)

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