Oman (OMN) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Oman-Malaysia Trade: In 2023, Oman exported $818M to Malaysia. The main products that Oman exported to Malaysia were Crude Petroleum ($233M), Semi-Finished Iron ($139M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($125M). Over the past 5 years the exports of Oman to Malaysia have increased at an annualized rate of 7.61%, from $567M in 2018 to $818M in 2023.

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

Malaysia-Oman Trade: In 2023, Malaysia exported $346M to Oman. The main products that Malaysia exported to Oman were Polycarboxylic Acids ($84M), Palm Oil ($48.7M), and Sawn Wood ($13.7M). Over the past 5 years the exports of Malaysia to Oman have increased at an annualized rate of 9.85%, from $217M in 2018 to $346M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $818M to Malaysia. The main products exported from Oman to Malaysia were Crude Petroleum ($233M), Semi-Finished Iron ($139M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($125M). During the last 5 years the exports of Oman to Malaysia have increased at an annualized rate of 7.61%, from $567M in 2018 to $818M in 2023.

In 2018, Malaysia exported $346M to Oman. The main products exported from Malaysia to Oman were Polycarboxylic Acids ($84M), Palm Oil ($48.7M), and Sawn Wood ($13.7M). During the last 5 years the exports of Malaysia to Oman have increased at an annualized rate of 9.85%, from $217M in 2023 to $346M in 2018.

Exports from Oman () to Malaysia () (2023)

Exports from Malaysia () to Oman () (2023)

Latest Data

Trade between Oman () and Malaysia ()

Oman Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Oman than Malaysia included Saudi Arabia ($3.64B), South Africa ($2.57B), and Croatia ($562M).

In 2023, countries that imported more from Malaysia than Oman included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Oman - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Malaysia in the exports of Mineral Products ($316M), Metals ($263M), and Chemical Products ($137M).

During 2018, Malaysia had a large net trade with Oman in the exports of Chemical Products ($108M), Machines ($66.2M), and Animal and Vegetable Bi-Products ($51.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Malaysia+$101MCrude Petroleum

Top Product Potential Malaysia Oman+$75.1MRefined 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.

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Malaysia () (2023)

Exports from Malaysia () to Oman () (2023)

Latest Data

Trade between Oman () and Malaysia ()

Oman Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Oman - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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