Oman (OMN) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Oman-Bolivia Trade: In 2023, Oman exported $1.19M to Bolivia. The main products that Oman exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($709k), Electrical Lighting and Signalling Equipment ($172k), and Engine Parts ($74.9k). Over the past 5 years the exports of Oman to Bolivia have decreased at an annualized rate of 3.63%, from $1.43M in 2018 to $1.19M in 2023.

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

Bolivia-Oman Trade: In 2023, Bolivia exported $2.97M to Oman. The main products that Bolivia exported to Oman were Other Ores ($2.72M), Antimony ($197k), and Soybean Oil ($42.7k). Over the past 5 years the exports of Bolivia to Oman have increased at an annualized rate of 104%, from $84.1k in 2018 to $2.97M in 2023.

In 2023, Bolivia 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, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $1.19M to Bolivia. The main products exported from Oman to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($709k), Electrical Lighting and Signalling Equipment ($172k), and Engine Parts ($74.9k). During the last 5 years the exports of Oman to Bolivia have decreased at an annualized rate of 3.63%, from $1.43M in 2018 to $1.19M in 2023.

In 2018, Bolivia exported $2.97M to Oman. The main products exported from Bolivia to Oman were Other Ores ($2.72M), Antimony ($197k), and Soybean Oil ($42.7k). During the last 5 years the exports of Bolivia to Oman have increased at an annualized rate of 104%, from $84.1k in 2023 to $2.97M in 2018.

Exports from Oman () to Bolivia () (2023)

Exports from Bolivia () to Oman () (2023)

Latest Data

Trade between Oman () and Bolivia ()

Oman Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Oman than Bolivia included China ($30.2B), Saudi Arabia ($3.64B), and India ($4.5B).

In 2023, countries that imported more from Bolivia than Oman included Argentina ($1.15B), Brazil ($1.54B), and Colombia ($687M).

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

Comparative Advantage Oman - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Bolivia in the exports of Transportation ($714k), Machines ($390k), and Plastics and Rubbers ($40.5k).

During 2018, Bolivia had a large net trade with Oman in the exports of Mineral Products ($2.72M), Metals ($197k), and Animal and Vegetable Bi-Products ($42.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Bolivia+$381kPolyacetals

Top Product Potential Bolivia Oman+$43kOther Ores

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Bolivia () (2023)

Exports from Bolivia () to Oman () (2023)

Latest Data

Trade between Oman () and Bolivia ()

Oman Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Oman - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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