Oman (OMN) and India (IND) Trade | The Observatory of Economic Complexity

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Oman-India Trade: In 2023, Oman exported $4.5B to India. The main products that Oman exported to India were Nitrogenous Fertilizers ($843M), Petroleum Gas ($526M), and Refined Petroleum ($472M). Over the past 5 years the exports of Oman to India have increased at an annualized rate of 4.75%, from $3.57B in 2018 to $4.5B in 2023.

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

India-Oman Trade: In 2023, India exported $3.23B to Oman. The main products that India exported to Oman were Refined Petroleum ($726M), Semi-Finished Iron ($233M), and Rice ($199M). Over the past 5 years the exports of India to Oman have increased at an annualized rate of 16.2%, from $1.52B in 2018 to $3.23B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $4.5B to India. The main products exported from Oman to India were Nitrogenous Fertilizers ($843M), Petroleum Gas ($526M), and Refined Petroleum ($472M). During the last 5 years the exports of Oman to India have increased at an annualized rate of 4.75%, from $3.57B in 2018 to $4.5B in 2023.

In 2018, India exported $3.23B to Oman. The main products exported from India to Oman were Refined Petroleum ($726M), Semi-Finished Iron ($233M), and Rice ($199M). During the last 5 years the exports of India to Oman have increased at an annualized rate of 16.2%, from $1.52B in 2023 to $3.23B in 2018.

Exports from Oman () to India () (2023)

Exports from India () to Oman () (2023)

Latest Data

Trade between Oman () and India ()

Oman Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Oman than India included China ($30.2B), Chinese Taipei ($2.44B), and Croatia ($562M).

In 2023, countries that imported more from India than Oman included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

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

Comparative Advantage Oman - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with India in the exports of Mineral Products ($1.94B), Chemical Products ($1.53B), and Plastics and Rubbers ($351M).

During 2018, India had a large net trade with Oman in the exports of Mineral Products ($853M), Metals ($692M), and Transportation ($454M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman India+$1.64BCrude Petroleum

Top Product Potential India Oman+$256MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to India () (2023)

Exports from India () to Oman () (2023)

Latest Data

Trade between Oman () and India ()

Oman Exports

India Exports

Market Competitiveness

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

Comparative Advantage Oman - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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