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Pricing

2022
Flag → Flag
Exports $15.8MRnk 100 / 209
2022
Flag → Flag
Top Product $3.63MValves
2022
Flag → Flag
Exports $36.5MRnk 64 / 171
2022
Flag → Flag
Top Product $18.8MFish Oil
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Norway-Oman Trade: In 2022, Norway exported $15.8M to Oman. The main products that Norway exported to Oman were Valves ($3.63M), Rubber Pipes ($3.18M), and Surveying Equipment ($1.18M). Over the past 5 years the exports of Norway to Oman have decreased at an annualized rate of 36.6%, from $154M in 2017 to $15.8M in 2022.

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

Oman-Norway Trade: In 2022, Oman exported $36.5M to Norway. The main products that Oman exported to Norway were Fish Oil ($18.8M), Raw Aluminium ($13.7M), and Animal Food ($2.11M). Over the past 5 years the exports of Oman to Norway have increased at an annualized rate of 137%,  from $486k in 2017 to $36.5M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK9.16M and imported NOK35.6M from Oman, resulting in a negative trade balance of NOK26.5M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-9.04M (-49.7%) from NOK18.2M to NOK9.16M, while imports increased by NOK19.5M (121%) from NOK16.1M to NOK35.6M.

Trade In October 2024, the top exports of Norway to Oman were Professional, scientific and controlling instruments and... (NOK5.14M), Rubber manufactures, n.e.s. (NOK2.57M), Fish (not marine mammals), crustaceans, molluscs... (NOK1.72M), Manufactures of metals, n.e.s. (NOK1.43M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK1.41M). In October 2024 the top imports of Norway from Oman were Non-ferrous metals (NOK78.6M), Furniture, and parts thereof; bedding, mattresses,... (NOK56k), Essential oils and resinoids and perfume... (NOK49k), Non-metallic mineral manufactures, n.e.s. (NOK47k), and Medicinal and pharmaceutical products (NOK41k).

Growth In October 2024, the decrease in Norway's year-by-year exports to Oman was explained primarily by an decrease in product exports in General industrial machinery and equipment, n.e.s.,... (NOK-2.74M or -71.6%), Telecommunications and sound-recording and reproducing apparatus... (NOK-386k or -93.9%), and Chemical materials and products, n.e.s. (NOK-123k or -46.9%). In October 2024, the increase in Norway's year-by-year imports  from Oman was explained primarily by an increase in product imports  in Non-metallic mineral manufactures, n.e.s. (NOK43k or 1.08k%), Essential oils and resinoids and perfume... (NOK38k or 345%), and Furniture, and parts thereof; bedding, mattresses,... (NOK13k or 30.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-9.04M(-49.7%)
IMPORT GROWTH (October 2023 - October 2024)NOK19.5M(121%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Oman and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $15.8M to Oman. The main products exported from Norway to Oman were Valves ($3.63M), Rubber Pipes ($3.18M), and Surveying Equipment ($1.18M). During the last 5 years the exports of Norway to Oman have decreased at an annualized rate of 36.6%, from $154M in 2017 to $15.8M in 2022.

In 2017, Oman exported $36.5M to Norway. The main products exported from Oman to Norway were Fish Oil ($18.8M), Raw Aluminium ($13.7M), and Animal Food ($2.11M). During the last 5 years the exports of Oman to Norway have increased at an annualized rate of 137%, from $486k in 2022 to $36.5M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Norway than Oman included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Oman

Flow
Scale

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

During 2022, Norway had a large net trade with Oman in the exports of Machines ($6.32M), Plastics and Rubbers ($3.52M), and Instruments ($2.83M).

During 2017, Oman had a large net trade with Norway in the exports of Animal and Vegetable Bi-Products ($18.8M), Metals ($13.7M), and Foodstuffs ($2.15M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Oman+$698kNon-fillet Fresh Fish
Top Product Potential Oman Norway+$1.12MRaw Aluminium

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 Norway and Oman. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Norway.

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

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