2023
Flag  
GDP
$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 138 / 195
2023
Flag
 GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 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
$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195

About

Oman-Philippines Trade: In 2023, Oman exported $141M to Philippines. The main products that Oman exported to Philippines were Petroleum Gas ($114M), Semi-Finished Iron ($14.8M), and Gypsum ($4.8M). Over the past 5 years the exports of Oman to Philippines have increased at an annualized rate of 10.9%, from $83.9M in 2018 to $141M in 2023.

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

Philippines-Oman Trade: In 2023, Philippines exported $20M to Oman. The main products that Philippines exported to Oman were Orthopedic Appliances ($3.39M), Broadcasting Equipment ($3.11M), and Low-voltage Protection Equipment ($798k). Over the past 5 years the exports of Philippines to Oman have increased at an annualized rate of 8.73%,  from $13.2M in 2018 to $20M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Oman exported $141M to Philippines. The main products exported from Oman to Philippines were Petroleum Gas ($114M), Semi-Finished Iron ($14.8M), and Gypsum ($4.8M). During the last 5 years the exports of Oman to Philippines have increased at an annualized rate of 10.9%, from $83.9M in 2018 to $141M in 2023.

In 2018, Philippines exported $20M to Oman. The main products exported from Philippines to Oman were Orthopedic Appliances ($3.39M), Broadcasting Equipment ($3.11M), and Low-voltage Protection Equipment ($798k). During the last 5 years the exports of Philippines to Oman have increased at an annualized rate of 8.73%, from $13.2M in 2023 to $20M in 2018.

Exports from Oman (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Oman (Flag) (2023)

Latest Data

Trade between Oman (Flag) and Philippines (Flag)

Oman Exports

Philippines Exports

Market Competitiveness

Color
Oman
Top Destination
China$30.2B
Philippines
Top Destination
China$19B

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

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

In 2023, countries that imported more from Philippines than Oman included Hong Kong ($11.7B), United States ($13.3B), and Japan ($11.4B).

Difference in imports from Philippines (Flag) and Oman (Flag) (2023)

Comparative Advantage Oman - Philippines

Flow
Scale

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

During 2023, Oman had a large net trade with Philippines in the exports of Mineral Products ($119M), Metals ($14.8M), and Plastics and Rubbers ($4.85M).

During 2018, Philippines had a large net trade with Oman in the exports of Machines ($8.13M), Instruments ($4.66M), and Foodstuffs ($2.48M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Philippines+$3.36MEthylene Polymers
Top Product Potential Philippines Oman+$2.06MTelephones

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

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

Product Space of Oman (Flag) and Philippines (Flag) (2023)

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