Oman (OMN) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Oman-Portugal Trade: In 2023, Oman exported $53.5M to Portugal. The main products that Oman exported to Portugal were Refined Petroleum ($37M), Ammonia ($6.42M), and Cyclic Hydrocarbons ($4.89M). Over the past 5 years the exports of Oman to Portugal have increased at an annualized rate of 82.4%, from $2.65M in 2018 to $53.5M in 2023.

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

Portugal-Oman Trade: In 2023, Portugal exported $36M to Oman. The main products that Portugal exported to Oman were Refined Petroleum ($21.1M), Processed Tomatoes ($7.43M), and Cars ($2.32M). Over the past 5 years the exports of Portugal to Oman have increased at an annualized rate of 28.9%, from $10.1M in 2018 to $36M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $53.5M to Portugal. The main products exported from Oman to Portugal were Refined Petroleum ($37M), Ammonia ($6.42M), and Cyclic Hydrocarbons ($4.89M). During the last 5 years the exports of Oman to Portugal have increased at an annualized rate of 82.4%, from $2.65M in 2018 to $53.5M in 2023.

In 2018, Portugal exported $36M to Oman. The main products exported from Portugal to Oman were Refined Petroleum ($21.1M), Processed Tomatoes ($7.43M), and Cars ($2.32M). During the last 5 years the exports of Portugal to Oman have increased at an annualized rate of 28.9%, from $10.1M in 2023 to $36M in 2018.

Exports from Oman () to Portugal () (2023)

Exports from Portugal () to Oman () (2023)

Latest Data

Trade between Oman () and Portugal ()

Oman Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Oman included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Oman - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Portugal in the exports of Mineral Products ($37M), Chemical Products ($11.4M), and Plastics and Rubbers ($1.12M).

During 2018, Portugal had a large net trade with Oman in the exports of Mineral Products ($21.3M), Foodstuffs ($7.62M), and Transportation ($2.48M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Portugal+$1.73MPropylene Polymers

Top Product Potential Portugal Oman+$2.14MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Portugal () (2023)

Exports from Portugal () to Oman () (2023)

Latest Data

Trade between Oman () and Portugal ()

Oman Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Oman - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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