Oman (OMN) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Oman-Ecuador Trade: In 2023, Oman exported $4.08M to Ecuador. The main products that Oman exported to Ecuador were Fish Oil ($3.75M), Building Stone ($171k), and Liquid Pumps ($80.3k). Over the past 5 years the exports of Oman to Ecuador have increased at an annualized rate of 51.2%, from $516k in 2018 to $4.08M in 2023.

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

Ecuador-Oman Trade: In 2023, Ecuador exported $2.34M to Oman. The main products that Ecuador exported to Oman were Bananas ($1.13M), Confectionery Sugar ($822k), and Synthetic Rubber ($151k). Over the past 5 years the exports of Ecuador to Oman have increased at an annualized rate of 3.45%, from $1.97M in 2018 to $2.34M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $4.08M to Ecuador. The main products exported from Oman to Ecuador were Fish Oil ($3.75M), Building Stone ($171k), and Liquid Pumps ($80.3k). During the last 5 years the exports of Oman to Ecuador have increased at an annualized rate of 51.2%, from $516k in 2018 to $4.08M in 2023.

In 2018, Ecuador exported $2.34M to Oman. The main products exported from Ecuador to Oman were Bananas ($1.13M), Confectionery Sugar ($822k), and Synthetic Rubber ($151k). During the last 5 years the exports of Ecuador to Oman have increased at an annualized rate of 3.45%, from $1.97M in 2023 to $2.34M in 2018.

Exports from Oman () to Ecuador () (2023)

Exports from Ecuador () to Oman () (2023)

Latest Data

Trade between Oman () and Ecuador ()

Oman Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Ecuador
Top DestinationUnited States$8.34B

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

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

In 2023, countries that imported more from Ecuador than Oman included United States ($8.34B), Panama ($4.38B), and Peru ($1.15B).

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

Comparative Advantage Oman - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Ecuador in the exports of Animal and Vegetable Bi-Products ($3.75M), Stone And Glass ($171k), and Machines ($97.1k).

During 2018, Ecuador had a large net trade with Oman in the exports of Vegetable Products ($1.13M), Foodstuffs ($822k), and Machines ($222k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Ecuador+$545kPropylene Polymers

Top Product Potential Ecuador Oman+$268kBananas

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

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Historical Data

Bilateral Trade by Products

Exports from Oman () to Ecuador () (2023)

Exports from Ecuador () to Oman () (2023)

Latest Data

Trade between Oman () and Ecuador ()

Oman Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Oman - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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