2023
Flag  
GDP
$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 138 / 195
2023
Flag
 GDP
$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
GDP PC 
$21,550CURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP PC GROWTH
-8.13%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC
$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195

About

Oman-New Zealand Trade: In 2023, Oman exported $11.4M to New Zealand. The main products that Oman exported to New Zealand were Petroleum Coke ($5.32M), Sulphur ($2.21M), and Nitrogenous Fertilizers ($1.25M). Over the past 5 years the exports of Oman to New Zealand have decreased at an annualized rate of 12.4%, from $22M in 2018 to $11.4M in 2023.

In 2023, Oman did not export any services to New Zealand.

New Zealand-Oman Trade: In 2023, New Zealand exported $38.5M to Oman. The main products that New Zealand exported to Oman were Concentrated Milk ($24M), Bovine Meat ($2.9M), and Butter ($2.09M). Over the past 5 years the exports of New Zealand to Oman have increased at an annualized rate of 2.57%,  from $33M in 2018 to $38.5M in 2023.

In 2018, New Zealand exported services to Oman worth $27.6M, with Travel ($27.6M) being the largest in terms of value.

Comparison: In 2023,  Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). That same year, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Oman exported $11.4M to New Zealand. The main products exported from Oman to New Zealand were Petroleum Coke ($5.32M), Sulphur ($2.21M), and Nitrogenous Fertilizers ($1.25M). During the last 5 years the exports of Oman to New Zealand have decreased at an annualized rate of 12.4%, from $22M in 2018 to $11.4M in 2023.

In 2018, New Zealand exported $38.5M to Oman. The main products exported from New Zealand to Oman were Concentrated Milk ($24M), Bovine Meat ($2.9M), and Butter ($2.09M). During the last 5 years the exports of New Zealand to Oman have increased at an annualized rate of 2.57%, from $33M in 2023 to $38.5M in 2018.

Exports from Oman (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Oman (Flag) (2023)

Latest Data

Trade between Oman (Flag) and New Zealand (Flag)

Oman Exports

New Zealand Exports

Market Competitiveness

Color
Oman
Top Destination
China$30.2B
New Zealand
Top Destination
China$12.3B

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

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

In 2023, countries that imported more from New Zealand than Oman included Australia ($5.2B), United States ($5.42B), and South Korea ($1.37B).

Difference in imports from New Zealand (Flag) and Oman (Flag) (2023)

Comparative Advantage Oman - New Zealand

Flow
Scale

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

During 2023, Oman had a large net trade with New Zealand in the exports of Mineral Products ($7.53M), Chemical Products ($1.86M), and Plastics and Rubbers ($1.14M).

During 2018, New Zealand had a large net trade with Oman in the exports of Animal Products ($32.2M), Wood Products ($1.95M), and Foodstuffs ($1.38M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman New Zealand+$2.92MNitrogenous Fertilizers
Top Product Potential New Zealand Oman+$4.62MConcentrated Milk

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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Bilateral Service Trade

In 2018, New Zealand exported services to Oman worth $27.6M, with Travel ($27.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Oman (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Oman and New Zealand. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over Oman.

Product Space of Oman (Flag) and New Zealand (Flag) (2023)

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