Oman (OMN) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Oman-Greece Trade: In 2022, Oman exported $112M to Greece. The main products that Oman exported to Greece were Petroleum Gas ($99.2M), Polyacetals ($4.93M), and Ethylene Polymers ($1.97M). Over the past 5 years the exports of Oman to Greece have increased at an annualized rate of 118%, from $2.3M in 2017 to $112M in 2022.

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

Greece-Oman Trade: In 2022, Greece exported $18.1M to Oman. The main products that Greece exported to Oman were Other Oily Seeds ($2.16M), Sheep and Goat Meat ($2.06M), and Utility Meters ($1.1M). Over the past 5 years the exports of Greece to Oman have increased at an annualized rate of 2.92%, from $15.2M in 2017 to $18.1M in 2022.

In 2022, Greece 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $112M to Greece. The main products exported from Oman to Greece were Petroleum Gas ($99.2M), Polyacetals ($4.93M), and Ethylene Polymers ($1.97M). During the last 5 years the exports of Oman to Greece have increased at an annualized rate of 118%, from $2.3M in 2017 to $112M in 2022.

In 2017, Greece exported $18.1M to Oman. The main products exported from Greece to Oman were Other Oily Seeds ($2.16M), Sheep and Goat Meat ($2.06M), and Utility Meters ($1.1M). During the last 5 years the exports of Greece to Oman have increased at an annualized rate of 2.92%, from $15.2M in 2022 to $18.1M in 2017.

Exports from Oman () to Greece () (2022)

Exports from Greece () to Oman () (2022)

Latest Data

Trade between Oman () and Greece ()

Oman Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Greece
Top DestinationItaly$5.82B

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

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

In 2022, countries that imported more from Greece than Oman included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Comparative Advantage Oman - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Greece in the exports of Mineral Products ($99.2M), Plastics and Rubbers ($6.94M), and Chemical Products ($3.27M).

During 2017, Greece had a large net trade with Oman in the exports of Machines ($3.65M), Chemical Products ($3.37M), and Vegetable Products ($2.33M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Greece+$38MPetroleum Gas

Top Product Potential Greece Oman+$1.4MPackaged 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 Greece. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Greece () (2022)

Exports from Greece () to Oman () (2022)

Latest Data

Trade between Oman () and Greece ()

Oman Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Oman - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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