Oman (OMN) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Oman-Norway Trade: In 2023, Oman exported $71.5M to Norway. The main products that Oman exported to Norway were Fish Oil ($43.6M), Raw Aluminium ($14.5M), and Ammonia ($6.74M). Over the past 5 years the exports of Oman to Norway have increased at an annualized rate of 137%, from $966k in 2018 to $71.5M in 2023.

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

Norway-Oman Trade: In 2023, Norway exported $13.2M to Oman. The main products that Norway exported to Oman were Rubber Pipes ($3.24M), Valves ($2.12M), and Excavation Machinery ($715k). Over the past 5 years the exports of Norway to Oman have decreased at an annualized rate of 29.1%, from $73.6M in 2018 to $13.2M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $71.5M to Norway. The main products exported from Oman to Norway were Fish Oil ($43.6M), Raw Aluminium ($14.5M), and Ammonia ($6.74M). During the last 5 years the exports of Oman to Norway have increased at an annualized rate of 137%, from $966k in 2018 to $71.5M in 2023.

In 2018, Norway exported $13.2M to Oman. The main products exported from Norway to Oman were Rubber Pipes ($3.24M), Valves ($2.12M), and Excavation Machinery ($715k). During the last 5 years the exports of Norway to Oman have decreased at an annualized rate of 29.1%, from $73.6M in 2023 to $13.2M in 2018.

Exports from Oman () to Norway () (2023)

Exports from Norway () to Oman () (2023)

Latest Data

Trade between Oman () and Norway ()

Oman Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Norway
Top DestinationGermany$33.8B

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

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

In 2023, countries that imported more from Norway than Oman included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Oman - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Norway in the exports of Animal and Vegetable Bi-Products ($43.6M), Metals ($15.4M), and Chemical Products ($10.3M).

During 2018, Norway had a large net trade with Oman in the exports of Machines ($5.18M), Plastics and Rubbers ($3.61M), and Instruments ($1.16M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Norway+$1.12MRaw Aluminium

Top Product Potential Norway Oman+$698kNon-fillet Fresh Fish

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Norway () (2023)

Exports from Norway () to Oman () (2023)

Latest Data

Trade between Oman () and Norway ()

Oman Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Oman - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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