Oman (OMN) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Oman-Belgium Trade: In 2022, Oman exported $223M to Belgium. The main products that Oman exported to Belgium were Refined Petroleum ($155M), Fish oil ($16M), and Antimony ($10.4M). Over the past 5 years the exports of Oman to Belgium have increased at an annualized rate of 82%, from $11.1M in 2017 to $223M in 2022.

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

Belgium-Oman Trade: In 2022, Belgium exported $410M to Oman. The main products that Belgium exported to Oman were Concentrated Milk ($112M), Gas Turbines ($64.8M), and High-voltage Protection Equipment ($45.6M). Over the past 5 years the exports of Belgium to Oman have increased at an annualized rate of 18.5%, from $175M in 2017 to $410M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $223M to Belgium. The main products exported from Oman to Belgium were Refined Petroleum ($155M), Fish oil ($16M), and Antimony ($10.4M). During the last 5 years the exports of Oman to Belgium have increased at an annualized rate of 82%, from $11.1M in 2017 to $223M in 2022.

In 2017, Belgium exported $410M to Oman. The main products exported from Belgium to Oman were Concentrated Milk ($112M), Gas Turbines ($64.8M), and High-voltage Protection Equipment ($45.6M). During the last 5 years the exports of Belgium to Oman have increased at an annualized rate of 18.5%, from $175M in 2022 to $410M in 2017.

Exports from Oman () to Belgium () (2022)

Exports from Belgium () to Oman () (2022)

Latest Data

Trade between Oman () and Belgium ()

Oman Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Oman than Belgium included China ($30.4B), South Korea ($4.64B), and Chinese Taipei ($2.69B).

In 2022, countries that imported more from Belgium than Oman included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and Oman () (2022)

Comparative Advantage Oman - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Belgium in the exports of Mineral Products ($155M), Plastics and Rubbers ($23.7M), and Animal and Vegetable Bi-Products ($16M).

During 2017, Belgium had a large net trade with Oman in the exports of Machines ($140M), Animal Products ($113M), and Chemical Products ($45.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Belgium+$57.3MRefined Petroleum

Top Product Potential Belgium Oman+$15.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Belgium () (2022)

Exports from Belgium () to Oman () (2022)

Latest Data

Trade between Oman () and Belgium ()

Oman Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Oman () (2022)

Comparative Advantage Oman - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Belgium () (2022)

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