Oman (OMN) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Oman-Georgia Trade: In 2022, Oman exported $3.19M to Georgia. The main products that Oman exported to Georgia were Polyacetals ($1.38M), Refined Petroleum ($1.35M), and Fairground Amusements ($190k). Over the past 5 years the exports of Oman to Georgia have increased at an annualized rate of 65%, from $261k in 2017 to $3.19M in 2022.

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

Georgia-Oman Trade: In 2022, Georgia exported $214k to Oman. The main products that Georgia exported to Oman were Medical Instruments ($81.4k), Packaged Medicaments ($75.6k), and Orthopedic Appliances ($12.7k). Over the past 5 years the exports of Georgia to Oman have increased at an annualized rate of 30.5%, from $56.6k in 2017 to $214k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $3.19M to Georgia. The main products exported from Oman to Georgia were Polyacetals ($1.38M), Refined Petroleum ($1.35M), and Fairground Amusements ($190k). During the last 5 years the exports of Oman to Georgia have increased at an annualized rate of 65%, from $261k in 2017 to $3.19M in 2022.

In 2017, Georgia exported $214k to Oman. The main products exported from Georgia to Oman were Medical Instruments ($81.4k), Packaged Medicaments ($75.6k), and Orthopedic Appliances ($12.7k). During the last 5 years the exports of Georgia to Oman have increased at an annualized rate of 30.5%, from $56.6k in 2022 to $214k in 2017.

Exports from Oman () to Georgia () (2022)

Exports from Georgia () to Oman () (2022)

Latest Data

Trade between Oman () and Georgia ()

Oman Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Oman included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Comparative Advantage Oman - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Georgia in the exports of Plastics and Rubbers ($1.38M), Mineral Products ($1.35M), and Miscellaneous ($232k).

During 2017, Georgia had a large net trade with Oman in the exports of Instruments ($94.3k), Chemical Products ($75.7k), and Foodstuffs ($29.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Georgia+$2.57MRefined Petroleum

Top Product Potential Georgia Oman+$17.8kBaked Goods

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Georgia () (2022)

Exports from Georgia () to Oman () (2022)

Latest Data

Trade between Oman () and Georgia ()

Oman Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Oman - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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