Oman (OMN) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Oman-Bangladesh Trade: In 2023, Oman exported $82.2M to Bangladesh. The main products that Oman exported to Bangladesh were Propylene Polymers ($24.1M), Gypsum ($18.4M), and Ethylene Polymers ($16.6M). Over the past 5 years the exports of Oman to Bangladesh have decreased at an annualized rate of 1.16%, from $87.1M in 2018 to $82.2M in 2023.

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

Bangladesh-Oman Trade: In 2023, Bangladesh exported $14M to Oman. The main products that Bangladesh exported to Oman were Electric Batteries ($3.14M), Baked Goods ($1.17M), and Non-Knit Men's Suits ($1.02M). Over the past 5 years the exports of Bangladesh to Oman have increased at an annualized rate of 43.7%, from $2.28M in 2018 to $14M in 2023.

In 2023, Bangladesh 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, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $82.2M to Bangladesh. The main products exported from Oman to Bangladesh were Propylene Polymers ($24.1M), Gypsum ($18.4M), and Ethylene Polymers ($16.6M). During the last 5 years the exports of Oman to Bangladesh have decreased at an annualized rate of 1.16%, from $87.1M in 2018 to $82.2M in 2023.

In 2018, Bangladesh exported $14M to Oman. The main products exported from Bangladesh to Oman were Electric Batteries ($3.14M), Baked Goods ($1.17M), and Non-Knit Men's Suits ($1.02M). During the last 5 years the exports of Bangladesh to Oman have increased at an annualized rate of 43.7%, from $2.28M in 2023 to $14M in 2018.

Exports from Oman () to Bangladesh () (2023)

Exports from Bangladesh () to Oman () (2023)

Latest Data

Trade between Oman () and Bangladesh ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Oman than Bangladesh included China ($30.2B), Saudi Arabia ($3.64B), and United Arab Emirates ($3.49B).

In 2023, countries that imported more from Bangladesh than Oman included Germany ($8.28B), United States ($8.58B), and United Kingdom ($4.25B).

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

Comparative Advantage Oman - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Bangladesh in the exports of Plastics and Rubbers ($46M), Mineral Products ($23.5M), and Animal Products ($3.68M).

During 2018, Bangladesh had a large net trade with Oman in the exports of Foodstuffs ($4.68M), Machines ($3.15M), and Vegetable Products ($2.79M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Bangladesh+$5.39MRefined Petroleum

Top Product Potential Bangladesh Oman+$1.8MNon-Knit Women's Suits

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Bangladesh () (2023)

Exports from Bangladesh () to Oman () (2023)

Latest Data

Trade between Oman () and Bangladesh ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Oman - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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