Oman (OMN) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Oman-Australia Trade: In 2023, Oman exported $145M to Australia. The main products that Oman exported to Australia were Petroleum Coke ($56.7M), Nitrogenous Fertilizers ($41.5M), and Semi-Finished Iron ($23M). Over the past 5 years the exports of Oman to Australia have increased at an annualized rate of 21.6%, from $54.4M in 2018 to $145M in 2023.

In 2023, Oman did not export any services to Australia.

Australia-Oman Trade: In 2023, Australia exported $362M to Oman. The main products that Australia exported to Oman were Aluminium Oxide ($253M), Wheat ($36.7M), and Sheep and Goat Meat ($24M). Over the past 5 years the exports of Australia to Oman have increased at an annualized rate of 1.45%, from $253M in 2018 to $362M in 2023.

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $145M to Australia. The main products exported from Oman to Australia were Petroleum Coke ($56.7M), Nitrogenous Fertilizers ($41.5M), and Semi-Finished Iron ($23M). During the last 5 years the exports of Oman to Australia have increased at an annualized rate of 21.6%, from $54.4M in 2018 to $145M in 2023.

In 2018, Australia exported $362M to Oman. The main products exported from Australia to Oman were Aluminium Oxide ($253M), Wheat ($36.7M), and Sheep and Goat Meat ($24M). During the last 5 years the exports of Australia to Oman have increased at an annualized rate of 1.45%, from $253M in 2023 to $362M in 2018.

Exports from Oman () to Australia () (2023)

Exports from Australia () to Oman () (2023)

Latest Data

Trade between Oman () and Australia ()

Oman Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Oman than Australia included Saudi Arabia ($3.64B), South Africa ($2.57B), and Madagascar ($647M).

In 2023, countries that imported more from Australia than Oman included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Oman () (2023)

Comparative Advantage Oman - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Australia in the exports of Mineral Products ($57M), Chemical Products ($50.5M), and Metals ($26.3M).

During 2018, Australia had a large net trade with Oman in the exports of Chemical Products ($261M), Vegetable Products ($51.8M), and Animal Products ($36.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Australia+$62.5MRefined Petroleum

Top Product Potential Australia Oman+$2.33MConcentrated Milk

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Australia () (2023)

Exports from Australia () to Oman () (2023)

Latest Data

Trade between Oman () and Australia ()

Oman Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Oman () (2023)

Comparative Advantage Oman - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Australia () (2023)

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