Oman (OMN) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

About

Oman-Sri Lanka Trade: In 2023, Oman exported $359M to Sri Lanka. The main products that Oman exported to Sri Lanka were Refined Petroleum ($252M), Petroleum Gas ($61.7M), and Nitrogenous Fertilizers ($12.6M). Over the past 5 years the exports of Oman to Sri Lanka have increased at an annualized rate of 60.1%, from $34.1M in 2018 to $359M in 2023.

In 2023, Oman did not export any services to Sri Lanka.

Sri Lanka-Oman Trade: In 2023, Sri Lanka exported $85.6M to Oman. The main products that Sri Lanka exported to Oman were Cars ($7.25M), Electric Batteries ($5.86M), and Computers ($3.62M). Over the past 5 years the exports of Sri Lanka to Oman have increased at an annualized rate of 35.3%, from $18.9M in 2018 to $85.6M in 2023.

In 2023, Sri Lanka 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, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $359M to Sri Lanka. The main products exported from Oman to Sri Lanka were Refined Petroleum ($252M), Petroleum Gas ($61.7M), and Nitrogenous Fertilizers ($12.6M). During the last 5 years the exports of Oman to Sri Lanka have increased at an annualized rate of 60.1%, from $34.1M in 2018 to $359M in 2023.

In 2018, Sri Lanka exported $85.6M to Oman. The main products exported from Sri Lanka to Oman were Cars ($7.25M), Electric Batteries ($5.86M), and Computers ($3.62M). During the last 5 years the exports of Sri Lanka to Oman have increased at an annualized rate of 35.3%, from $18.9M in 2023 to $85.6M in 2018.

Exports from Oman () to Sri Lanka () (2023)

Exports from Sri Lanka () to Oman () (2023)

Latest Data

Trade between Oman () and Sri Lanka ()

Oman Exports

Date

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Sri Lanka
Top DestinationUnited States$2.98B

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

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

In 2023, countries that imported more from Sri Lanka than Oman included United States ($2.98B), United Kingdom ($900M), and Italy ($653M).

Difference in imports from Sri Lanka () and Oman () (2023)

Comparative Advantage Oman - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Sri Lanka in the exports of Mineral Products ($328M), Chemical Products ($13.2M), and Metals ($7.91M).

During 2018, Sri Lanka had a large net trade with Oman in the exports of Machines ($21.1M), Plastics and Rubbers ($9.83M), and Transportation ($9.09M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Sri Lanka+$2.32MRefined Petroleum

Top Product Potential Sri Lanka Oman+$751kRubber Tires

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Sri Lanka () (2023)

Exports from Sri Lanka () to Oman () (2023)

Latest Data

Trade between Oman () and Sri Lanka ()

Oman Exports

Sri Lanka Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Oman () (2023)

Comparative Advantage Oman - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Sri Lanka () (2023)

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