Oman (OMN) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Oman-Nepal Trade: In 2023, Oman exported $48.8k to Nepal. The main products that Oman exported to Nepal were Artificial Filament Sewing Thread ($48.3k) and Electric Batteries ($502). Over the past 5 years the exports of Oman to Nepal have decreased at an annualized rate of 72%, from $28.2M in 2018 to $48.8k in 2023.

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

Nepal-Oman Trade: In 2023, Nepal exported $10.8k to Oman. The main products that Nepal exported to Oman were Tufted Carpets ($3.19k), Knotted Carpets ($2.77k), and Imitation Jewellery ($973). Over the past 5 years the exports of Nepal to Oman have decreased at an annualized rate of 20.9%, from $34.9k in 2018 to $10.8k in 2023.

In 2023, Nepal 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, Nepal ranked 156 in total exports ($1.21B), 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 $48.8k to Nepal. The main products exported from Oman to Nepal were Artificial Filament Sewing Thread ($48.3k) and Electric Batteries ($502). During the last 5 years the exports of Oman to Nepal have decreased at an annualized rate of 72%, from $28.2M in 2018 to $48.8k in 2023.

In 2018, Nepal exported $10.8k to Oman. The main products exported from Nepal to Oman were Tufted Carpets ($3.19k), Knotted Carpets ($2.77k), and Imitation Jewellery ($973). During the last 5 years the exports of Nepal to Oman have decreased at an annualized rate of 20.9%, from $34.9k in 2023 to $10.8k in 2018.

Exports from Oman () to Nepal () (2023)

Exports from Nepal () to Oman () (2023)

Latest Data

Trade between Oman () and Nepal ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Nepal
Top DestinationIndia$811M

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

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

In 2023, countries that imported more from Nepal than Oman included Israel ($455k), Iceland ($193k), and Brunei ($113k).

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

Comparative Advantage Oman - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Nepal in the exports of Textiles ($48.3k) and Machines ($502).

During 2018, Nepal had a large net trade with Oman in the exports of Textiles ($7.25k), Precious Metals ($973), and Vegetable Products ($811).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Nepal+$401kPropylene Polymers

Top Product Potential Nepal Oman+$17.6kScarves

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Nepal () (2023)

Exports from Nepal () to Oman () (2023)

Latest Data

Trade between Oman () and Nepal ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Oman - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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