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2022
Flag → Flag
Exports $19.5kRnk 163 / 171
2022
Flag → Flag
Top Product $3.36kCrustaceans
2022
Flag → Flag
Exports $33kRnk 97 / 160
2022
Flag → Flag
Top Product $56.6kSheep and Goat Meat
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Oman-Iceland Trade: In 2022, Oman exported $19.5k to Iceland. The main products that Oman exported to Iceland were Crustaceans ($3.36k), Motor vehicles; parts and accessories (8701 to 8705) ($1.5k), and Electric Batteries ($1.49k). Over the past 5 years the exports of Oman to Iceland have decreased at an annualized rate of 22.3%, from $69k in 2017 to $19.5k in 2022.

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

Iceland-Oman Trade: In 2022, Iceland exported $33k to Oman. The main products that Iceland exported to Oman were Sheep and Goat Meat ($56.6k), Non-fillet Frozen Fish ($54.3k), and Surveying Equipment ($50.7k). Over the past 5 years the exports of Iceland to Oman have decreased at an annualized rate of 15.7%,  from $77.4k in 2017 to $33k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $19.5k to Iceland. The main products exported from Oman to Iceland were Crustaceans ($3.36k), Motor vehicles; parts and accessories (8701 to 8705) ($1.5k), and Electric Batteries ($1.49k). During the last 5 years the exports of Oman to Iceland have decreased at an annualized rate of 22.3%, from $69k in 2017 to $19.5k in 2022.

In 2017, Iceland exported $33k to Oman. The main products exported from Iceland to Oman were Sheep and Goat Meat ($56.6k), Non-fillet Frozen Fish ($54.3k), and Surveying Equipment ($50.7k). During the last 22 years the exports of Iceland to Oman have decreased at an annualized rate of 15.7%, from $77.4k in 1995 to $33k in 2017.

Exports from Oman (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Oman (Flag) (2022)

Latest Data

Trade between Oman (Flag) and Iceland (Flag)

Oman Exports

Iceland Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Oman included Netherlands ($1.97B), Germany ($573M), and Norway ($459M).

Difference in imports from Iceland (Flag) and Oman (Flag) (2022)

Comparative Advantage Oman - Iceland

Flow
Scale

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

During 2022, Oman had a large net trade with Iceland in the exports of Animal Products ($3.36k), Machines ($1.67k), and Transportation ($1.5k).

During 2017, Iceland had a large net trade with Oman in the exports of Animal Products ($111k), Instruments ($92.8k), and Machines ($52.3k).

Economic Complexity

Competitive Landscape

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

Product Space of Oman (Flag) and Iceland (Flag) (2022)

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