Oman (OMN) and Laos (LAO) Trade | The Observatory of Economic Complexity

About

In N/A, Oman did not export any services to Laos.

Laos-Oman Trade: In N/A, Laos exported $3.21k to Oman. The main products that Laos exported to Oman were Broadcasting Equipment ($3.15k) and Leather Footwear ($57). Over the past N/A years the exports of Laos to Oman have increased at an annualized rate of 30.1%, from $663 in N/A to $3.21k in N/A.

In N/A, Laos 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, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Oman does not register exports to Laos. The main products exported from Oman to Laos were Motor vehicles; parts and accessories (8701 to 8705) ($5.22k), Electrical Lighting and Signalling Equipment ($614), and Electrical Ignitions ($567).

In 2018, Laos exported $3.21k to Oman. The main products exported from Laos to Oman were Broadcasting Equipment ($3.15k) and Leather Footwear ($57). During the last 5 years the exports of Laos to Oman have increased at an annualized rate of 30.1%, from $663 in 2023 to $3.21k in 2018.

Exports from Oman () to Laos () (2023)

Exports from Laos () to Oman () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Laos
Top DestinationChina$3.41B

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

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

In 2023, countries that imported more from Laos than Oman included Thailand ($2.99B), Australia ($367M), and Cambodia ($190M).

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

Comparative Advantage Oman - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Laos had a large net trade with Oman in the exports of Machines ($3.15k) and Footwear and Headwear ($57).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Laos+$4.57kRefined Petroleum

Top Product Potential Laos Oman+$3.78kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Laos () (2023)

Exports from Laos () to Oman () (2023)

Market Competitiveness

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

Comparative Advantage Oman - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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