Oman (OMN) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

About

Oman-Iraq Trade: In 2023, Oman exported $130M to Iraq. The main products that Oman exported to Iraq were Concentrated Milk ($54.2M), Polyacetals ($22.3M), and Insulated Wire ($6.8M). Over the past 5 years the exports of Oman to Iraq have decreased at an annualized rate of 12%, from $246M in 2018 to $130M in 2023.

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

Iraq-Oman Trade: In 2023, Iraq exported $472M to Oman. The main products that Iraq exported to Oman were Petroleum Gas ($172M), Refined Petroleum ($143M), and Semi-Finished Iron ($84.6M). Over the past 5 years the exports of Iraq to Oman have increased at an annualized rate of 15.5%, from $230M in 2018 to $472M in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $130M to Iraq. The main products exported from Oman to Iraq were Concentrated Milk ($54.2M), Polyacetals ($22.3M), and Insulated Wire ($6.8M). During the last 5 years the exports of Oman to Iraq have decreased at an annualized rate of 12%, from $246M in 2018 to $130M in 2023.

In 2018, Iraq exported $472M to Oman. The main products exported from Iraq to Oman were Petroleum Gas ($172M), Refined Petroleum ($143M), and Semi-Finished Iron ($84.6M). During the last 5 years the exports of Iraq to Oman have increased at an annualized rate of 15.5%, from $230M in 2023 to $472M in 2018.

Exports from Oman () to Iraq () (2023)

Exports from Iraq () to Oman () (2023)

Latest Data

Trade between Oman () and Iraq ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Oman than Iraq included Saudi Arabia ($3.64B), South Africa ($2.57B), and Japan ($2.49B).

In 2023, countries that imported more from Iraq than Oman included India ($29.8B), United States ($8.92B), and Greece ($5.68B).

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

Comparative Advantage Oman - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Iraq in the exports of Animal Products ($58.9M), Plastics and Rubbers ($33.9M), and Machines ($11.6M).

During 2018, Iraq had a large net trade with Oman in the exports of Mineral Products ($363M), Metals ($106M), and Foodstuffs ($964k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Iraq+$5.94MRefined Petroleum

Top Product Potential Iraq Oman+$93.1MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Oman and Iraq. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Iraq () (2023)

Exports from Iraq () to Oman () (2023)

Latest Data

Trade between Oman () and Iraq ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Oman - Iraq

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring