Oman (OMN) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

About

Oman-Paraguay Trade: In 2023, Oman exported $71.7M to Paraguay. The main products that Oman exported to Paraguay were Refined Petroleum ($68.6M), Polyacetals ($2.77M), and Sulphur ($302k). Over the past 5 years the exports of Oman to Paraguay have increased at an annualized rate of 16.6%, from $33.3M in 2018 to $71.7M in 2023.

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

Paraguay-Oman Trade: In 2023, Paraguay exported $137k to Oman. The main products that Paraguay exported to Oman were Wood Charcoal ($115k), Soybean Oil ($21.4k), and Non-Knit Women's Suits ($159). Over the past 5 years the exports of Paraguay to Oman have decreased at an annualized rate of 51.2%, from $4.92M in 2018 to $137k in 2023.

In 2023, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $71.7M to Paraguay. The main products exported from Oman to Paraguay were Refined Petroleum ($68.6M), Polyacetals ($2.77M), and Sulphur ($302k). During the last 5 years the exports of Oman to Paraguay have increased at an annualized rate of 16.6%, from $33.3M in 2018 to $71.7M in 2023.

In 2018, Paraguay exported $137k to Oman. The main products exported from Paraguay to Oman were Wood Charcoal ($115k), Soybean Oil ($21.4k), and Non-Knit Women's Suits ($159). During the last 5 years the exports of Paraguay to Oman have decreased at an annualized rate of 51.2%, from $4.92M in 2023 to $137k in 2018.

Exports from Oman () to Paraguay () (2023)

Exports from Paraguay () to Oman () (2023)

Latest Data

Trade between Oman () and Paraguay ()

Oman Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Paraguay
Top DestinationArgentina$4B

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

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

In 2023, countries that imported more from Paraguay than Oman included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

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

Comparative Advantage Oman - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Paraguay in the exports of Mineral Products ($68.9M), Plastics and Rubbers ($2.77M), and Chemical Products ($39.9k).

During 2018, Paraguay had a large net trade with Oman in the exports of Wood Products ($115k), Animal and Vegetable Bi-Products ($21.4k), and Textiles ($159).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Paraguay+$1.89MNitrogenous Fertilizers

Top Product Potential Paraguay Oman+$38.5kWood Charcoal

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Paraguay () (2023)

Exports from Paraguay () to Oman () (2023)

Latest Data

Trade between Oman () and Paraguay ()

Oman Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Oman - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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