Oman (OMN) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Oman-Guinea Trade: In 2023, Oman exported $13.6M to Guinea. The main products that Oman exported to Guinea were Non-fillet Frozen Fish ($7.17M), Stone Processing Machines ($2.81M), and Lifting Machinery ($1.75M). Over the past 5 years the exports of Oman to Guinea have increased at an annualized rate of 136%, from $185k in 2018 to $13.6M in 2023.

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

Guinea-Oman Trade: In 2023, Guinea exported $2k to Oman. The main products that Guinea exported to Oman were Other Rubber Products ($1.4k), Glues ($333), and Metal Mountings ($260). Over the past 5 years the exports of Guinea to Oman have decreased at an annualized rate of 5.67%, from $2.67k in 2018 to $2k in 2023.

In 2023, Guinea 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, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $13.6M to Guinea. The main products exported from Oman to Guinea were Non-fillet Frozen Fish ($7.17M), Stone Processing Machines ($2.81M), and Lifting Machinery ($1.75M). During the last 5 years the exports of Oman to Guinea have increased at an annualized rate of 136%, from $185k in 2018 to $13.6M in 2023.

In 2018, Guinea exported $2k to Oman. The main products exported from Guinea to Oman were Other Rubber Products ($1.4k), Glues ($333), and Metal Mountings ($260). During the last 5 years the exports of Guinea to Oman have decreased at an annualized rate of 5.67%, from $2.67k in 2023 to $2k in 2018.

Exports from Oman () to Guinea () (2023)

Exports from Guinea () to Oman () (2023)

Latest Data

Trade between Oman () and Guinea ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Guinea
Top DestinationUnited Arab Emirates$9.05B

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

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

In 2023, countries that imported more from Guinea than Oman included United Arab Emirates ($9.05B), Switzerland ($241M), and Ireland ($99M).

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

Comparative Advantage Oman - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Guinea in the exports of Animal Products ($7.29M), Machines ($4.86M), and Plastics and Rubbers ($1.23M).

During 2018, Guinea had a large net trade with Oman in the exports of Plastics and Rubbers ($1.4k), Chemical Products ($333), and Metals ($260).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Guinea+$157kPolyacetals

Top Product Potential Guinea Oman+$5.81kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Guinea () (2023)

Exports from Guinea () to Oman () (2023)

Latest Data

Trade between Oman () and Guinea ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Oman - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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