Oman (OMN) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

About

Oman-North Macedonia Trade: In 2023, Oman exported $2.16M to North Macedonia. The main products that Oman exported to North Macedonia were Raw Iron Bars ($2.12M), Perfumes ($19.4k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($14k). Over the past 5 years the exports of Oman to North Macedonia have increased at an annualized rate of 28.6%, from $613k in 2018 to $2.16M in 2023.

In 2023, Oman did not export any services to North Macedonia.

North Macedonia-Oman Trade: In 2023, North Macedonia exported $238k to Oman. The main products that North Macedonia exported to Oman were Electric Batteries ($217k), Other Measuring Instruments ($5.13k), and Aluminium Bars ($2.42k). Over the past 5 years the exports of North Macedonia to Oman have increased at an annualized rate of 5.37%, from $183k in 2018 to $238k in 2023.

In 2023, North Macedonia 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, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $2.16M to North Macedonia. The main products exported from Oman to North Macedonia were Raw Iron Bars ($2.12M), Perfumes ($19.4k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($14k). During the last 5 years the exports of Oman to North Macedonia have increased at an annualized rate of 28.6%, from $613k in 2018 to $2.16M in 2023.

In 2018, North Macedonia exported $238k to Oman. The main products exported from North Macedonia to Oman were Electric Batteries ($217k), Other Measuring Instruments ($5.13k), and Aluminium Bars ($2.42k). During the last 5 years the exports of North Macedonia to Oman have increased at an annualized rate of 5.37%, from $183k in 2023 to $238k in 2018.

Exports from Oman () to North Macedonia () (2023)

Exports from North Macedonia () to Oman () (2023)

Latest Data

Trade between Oman () and North Macedonia ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

North Macedonia
Top DestinationGermany$4B

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

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

In 2023, countries that imported more from North Macedonia than Oman included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

Difference in imports from North Macedonia () and Oman () (2023)

Comparative Advantage Oman - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with North Macedonia in the exports of Metals ($2.12M), Chemical Products ($33.3k), and Footwear and Headwear ($1.2k).

During 2018, North Macedonia had a large net trade with Oman in the exports of Machines ($221k), Instruments ($5.13k), and Transportation ($3.18k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman North Macedonia+$64.3kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)

Top Product Potential North Macedonia Oman+$253kElectric Batteries

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to North Macedonia () (2023)

Exports from North Macedonia () to Oman () (2023)

Latest Data

Trade between Oman () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Oman () (2023)

Comparative Advantage Oman - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and North Macedonia () (2023)

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