Oman (OMN) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Oman-Denmark Trade: In 2022, Oman exported $43.9M to Denmark. The main products that Oman exported to Denmark were Refined Petroleum ($34.2M), Nitrogenous Fertilizers ($4.91M), and Raw Plastic Sheeting ($3.44M). Over the past 5 years the exports of Oman to Denmark have increased at an annualized rate of 44.9%, from $6.87M in 2017 to $43.9M in 2022.

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

Denmark-Oman Trade: In 2022, Denmark exported $117M to Oman. The main products that Denmark exported to Oman were Concentrated Milk ($53.1M), Malt Extract ($16M), and Cheese ($11.2M). Over the past 5 years the exports of Denmark to Oman have decreased at an annualized rate of 0.92%, from $122M in 2017 to $117M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $43.9M to Denmark. The main products exported from Oman to Denmark were Refined Petroleum ($34.2M), Nitrogenous Fertilizers ($4.91M), and Raw Plastic Sheeting ($3.44M). During the last 5 years the exports of Oman to Denmark have increased at an annualized rate of 44.9%, from $6.87M in 2017 to $43.9M in 2022.

In 2017, Denmark exported $117M to Oman. The main products exported from Denmark to Oman were Concentrated Milk ($53.1M), Malt Extract ($16M), and Cheese ($11.2M). During the last 5 years the exports of Denmark to Oman have decreased at an annualized rate of 0.92%, from $122M in 2022 to $117M in 2017.

Exports from Oman () to Denmark () (2022)

Exports from Denmark () to Oman () (2022)

Latest Data

Trade between Oman () and Denmark ()

Oman Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Oman than Denmark included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Denmark than Oman included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

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

Comparative Advantage Oman - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Denmark in the exports of Mineral Products ($34.2M), Chemical Products ($5.26M), and Plastics and Rubbers ($3.44M).

During 2017, Denmark had a large net trade with Oman in the exports of Animal Products ($70.8M), Foodstuffs ($20.4M), and Machines ($8.99M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Denmark+$16.5MRefined Petroleum

Top Product Potential Denmark Oman+$2.01MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Denmark () (2022)

Exports from Denmark () to Oman () (2022)

Latest Data

Trade between Oman () and Denmark ()

Oman Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Oman - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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