Oman (OMN) and China (CHN) Trade | The Observatory of Economic Complexity

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Oman-China Trade: In 2023, Oman exported $30.2B to China. The main products that Oman exported to China were Crude Petroleum ($25B), Petroleum Gas ($2.8B), and Refined Petroleum ($546M). Over the past 5 years the exports of Oman to China have increased at an annualized rate of 9.84%, from $18.9B in 2018 to $30.2B in 2023.

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

China-Oman Trade: In 2023, China exported $2.84B to Oman. The main products that China exported to Oman were Iron Pipes ($310M), Cars ($169M), and Air Conditioners ($133M). Over the past 5 years the exports of China to Oman have increased at an annualized rate of 5.62%, from $2.16B in 2018 to $2.84B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $30.2B to China. The main products exported from Oman to China were Crude Petroleum ($25B), Petroleum Gas ($2.8B), and Refined Petroleum ($546M). During the last 5 years the exports of Oman to China have increased at an annualized rate of 9.84%, from $18.9B in 2018 to $30.2B in 2023.

In 2018, China exported $2.84B to Oman. The main products exported from China to Oman were Iron Pipes ($310M), Cars ($169M), and Air Conditioners ($133M). During the last 5 years the exports of China to Oman have increased at an annualized rate of 5.62%, from $2.16B in 2023 to $2.84B in 2018.

Exports from Oman () to China () (2023)

Exports from China () to Oman () (2023)

Latest Data

Trade between Oman () and China ()

Oman Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Oman than China included Maldives ($529M) and Guam ($309k).

In 2023, countries that imported more from China than Oman included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Oman - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with China in the exports of Mineral Products ($28.9B), Chemical Products ($580M), and Metals ($519M).

During 2018, China had a large net trade with Oman in the exports of Machines ($910M), Metals ($706M), and Transportation ($251M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman China+$2.72BPetroleum Gas

Top Product Potential China Oman+$107MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to China () (2023)

Exports from China () to Oman () (2023)

Latest Data

Trade between Oman () and China ()

Oman Exports

China Exports

Market Competitiveness

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

Comparative Advantage Oman - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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