Oman (OMN) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Oman-Iran Trade: In 2023, Oman exported $554M to Iran. The main products that Oman exported to Iran were Rolled Tobacco ($294M), Video Displays ($37.3M), and Wheat ($27.4M). Over the past 5 years the exports of Oman to Iran have decreased at an annualized rate of 1.15%, from $587M in 2018 to $554M in 2023.

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

Iran-Oman Trade: In 2023, Iran exported $320M to Oman. The main products that Iran exported to Oman were Sheep and Goats ($191M), Tomatoes ($13.4M), and Melons ($12.9M). Over the past 5 years the exports of Iran to Oman have decreased at an annualized rate of 15.6%, from $883M in 2018 to $320M in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $554M to Iran. The main products exported from Oman to Iran were Rolled Tobacco ($294M), Video Displays ($37.3M), and Wheat ($27.4M). During the last 5 years the exports of Oman to Iran have decreased at an annualized rate of 1.15%, from $587M in 2018 to $554M in 2023.

In 2018, Iran exported $320M to Oman. The main products exported from Iran to Oman were Sheep and Goats ($191M), Tomatoes ($13.4M), and Melons ($12.9M). During the last 5 years the exports of Iran to Oman have decreased at an annualized rate of 15.6%, from $883M in 2023 to $320M in 2018.

Exports from Oman () to Iran () (2023)

Exports from Iran () to Oman () (2023)

Latest Data

Trade between Oman () and Iran ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Oman included Turkey ($2.18B), Armenia ($597M), and Azerbaijan ($473M).

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

Comparative Advantage Oman - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Iran in the exports of Foodstuffs ($315M), Machines ($113M), and Vegetable Products ($27.6M).

During 2018, Iran had a large net trade with Oman in the exports of Animal Products ($200M), Vegetable Products ($59.3M), and Mineral Products ($16M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Iran+$3.4MTelephones

Top Product Potential Iran Oman+$1.75MCement

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Iran () (2023)

Exports from Iran () to Oman () (2023)

Latest Data

Trade between Oman () and Iran ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Oman - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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