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2022
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Exports $783kRnk 132 / 171
2022
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Top Product $254kLarge Construction Vehicles
2022
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Exports $2.3MRnk 69 / 141
2022
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Top Product $624kRolled Tobacco
2022
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Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
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Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
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GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
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GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
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 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
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GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186
2022
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GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Oman-Azerbaijan In 2022, Oman exported $783k to Azerbaijan. The main products that Oman exported to Azerbaijan are Large Construction Vehicles ($254k), Packaged Medicaments ($139k), and Delivery Trucks ($105k). During the last 27 years the exports of Oman to Azerbaijan have decreased at an annualized rate of 1.43%, from $1.15M in 1995 to $783k in 2022.

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

Azerbaijan-Oman In 2022, Azerbaijan exported $2.3M to Oman. The main products that Azerbaijan exported to Oman were Rolled Tobacco ($624k), Oscilloscopes ($392k), and Chocolate ($213k). During the last 27 years the exports of Azerbaijan to Oman have increased at an annualized rate of 17.9%, from $27.1k in 1995 to $2.3M in 2022.

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

Comparison In 2022,  Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $783k to Azerbaijan. The main products exported from Oman to Azerbaijan were Large Construction Vehicles ($254k), Packaged Medicaments ($139k), and Delivery Trucks ($105k). During the last 27 years the exports of Oman to Azerbaijan have decreased at an annualized rate of 1.43%, from $1.15M in 1995 to $783k in 2022.

In 2022, Azerbaijan exported $2.3M to Oman. The main products exported from Azerbaijan to Oman were Rolled Tobacco ($624k), Oscilloscopes ($392k), and Chocolate ($213k). During the last 26 years the exports of Azerbaijan to Oman have increased at an annualized rate of 17.9%, from $27.1k in 1996 to $2.3M in 2022.

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

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

Latest Data

Trade between Oman (Flag) and Azerbaijan (Flag)

Oman Exports

Azerbaijan Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2021, countries that imported more from Oman than Azerbaijan were China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2021, countries that imported more from Azerbaijan than Oman were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Oman - Azerbaijan

Flow
Scale

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

During 2022, Oman had a large net trade with Azerbaijan in the exports of Machines ($344k), Chemical Products ($194k), and Transportation ($105k).

During 2022, Azerbaijan had a large net trade with Oman in the exports of Foodstuffs ($912k), Instruments ($549k), and Machines ($538k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Oman has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Oman.

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

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