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2023
Flag → Flag
Exports $3.49BRnk 4 / 171
2023
Flag → Flag
Top Product $506MRefined Petroleum
2023
Flag → Flag
Exports $10.1BRnk 11 / 216
2023
Flag → Flag
Top Product $769MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC $21,550CURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Oman-United Arab Emirates Trade: In 2023, Oman exported $3.49B to United Arab Emirates. The main products that Oman exported to United Arab Emirates were Refined Petroleum ($506M), Raw Iron Bars ($334M), and Iron Ore ($270M). Over the past 5 years the exports of Oman to United Arab Emirates have increased at an annualized rate of 5.14%, from $2.72B in 2018 to $3.49B in 2023.

In 2023, Oman did not export any services to United Arab Emirates.

United Arab Emirates-Oman Trade: In 2023, United Arab Emirates exported $10.1B to Oman. The main products that United Arab Emirates exported to Oman were Refined Petroleum ($769M), Gold ($676M), and Broadcasting Equipment ($582M). Over the past 5 years the exports of United Arab Emirates to Oman have decreased at an annualized rate of 3.11%,  from $11.9B in 2018 to $10.1B in 2023.

In 2023, United Arab Emirates did not export any services to Oman.

Comparison: In 2023,  Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Oman exported $3.49B to United Arab Emirates. The main products exported from Oman to United Arab Emirates were Refined Petroleum ($506M), Raw Iron Bars ($334M), and Iron Ore ($270M). During the last 5 years the exports of Oman to United Arab Emirates have increased at an annualized rate of 5.14%, from $2.72B in 2018 to $3.49B in 2023.

In 2018, United Arab Emirates exported $10.1B to Oman. The main products exported from United Arab Emirates to Oman were Refined Petroleum ($769M), Gold ($676M), and Broadcasting Equipment ($582M). During the last 5 years the exports of United Arab Emirates to Oman have decreased at an annualized rate of 3.11%, from $11.9B in 2023 to $10.1B in 2018.

Exports from Oman (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Oman (Flag) (2023)

Latest Data

Trade between Oman (Flag) and United Arab Emirates (Flag)

Oman Exports

United Arab Emirates Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.2B
United Arab Emirates
Top DestinationChina$40.2B

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

In 2023, countries that imported more from Oman than United Arab Emirates included Croatia ($562M), Madagascar ($647M), and Slovakia ($103M).

In 2023, countries that imported more from United Arab Emirates than Oman included Japan ($37.4B), India ($38.2B), and Iraq ($22.6B).

Difference in imports from United Arab Emirates (Flag) and Oman (Flag) (2023)

Comparative Advantage Oman - United Arab Emirates

Flow
Scale

This chart compares trade between Oman and United Arab Emirates by product, considering products traded by both, Oman and United Arab Emirates.

During 2023, Oman had a large net trade with United Arab Emirates in the exports of Mineral Products ($871M), Metals ($803M), and Transportation ($315M).

During 2018, United Arab Emirates had a large net trade with Oman in the exports of Machines ($2.17B), Metals ($1.36B), and Mineral Products ($931M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman United Arab Emirates+$160MRefined Petroleum
Top Product Potential United Arab Emirates Oman+$301MRefined 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 Oman and United Arab Emirates. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over United Arab Emirates. Similarly, a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Oman.

Product Space of Oman (Flag) and United Arab Emirates (Flag) (2023)

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