Oman (OMN) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Oman-Romania Trade: In 2023, Oman exported $90.6M to Romania. The main products that Oman exported to Romania were Crude Petroleum ($56.1M), Semi-Finished Iron ($17.6M), and Insulated Wire ($5.86M). Over the past 5 years the exports of Oman to Romania have increased at an annualized rate of 39.6%, from $17.1M in 2018 to $90.6M in 2023.

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

Romania-Oman Trade: In 2023, Romania exported $29.3M to Oman. The main products that Romania exported to Oman were Seed Oils ($10.7M), Liquid Pumps ($3.86M), and Valves ($2.8M). Over the past 5 years the exports of Romania to Oman have decreased at an annualized rate of 2.03%, from $32.5M in 2018 to $29.3M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $90.6M to Romania. The main products exported from Oman to Romania were Crude Petroleum ($56.1M), Semi-Finished Iron ($17.6M), and Insulated Wire ($5.86M). During the last 5 years the exports of Oman to Romania have increased at an annualized rate of 39.6%, from $17.1M in 2018 to $90.6M in 2023.

In 2018, Romania exported $29.3M to Oman. The main products exported from Romania to Oman were Seed Oils ($10.7M), Liquid Pumps ($3.86M), and Valves ($2.8M). During the last 5 years the exports of Romania to Oman have decreased at an annualized rate of 2.03%, from $32.5M in 2023 to $29.3M in 2018.

Exports from Oman () to Romania () (2023)

Exports from Romania () to Oman () (2023)

Latest Data

Trade between Oman () and Romania ()

Oman Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Oman than Romania included China ($30.2B), India ($4.5B), and United Arab Emirates ($3.49B).

In 2023, countries that imported more from Romania than Oman included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Oman - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Romania in the exports of Mineral Products ($56.1M), Metals ($24.9M), and Machines ($5.97M).

During 2018, Romania had a large net trade with Oman in the exports of Animal and Vegetable Bi-Products ($10.7M), Machines ($8.65M), and Foodstuffs ($2.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Romania+$3.75MSemi-Finished Iron

Top Product Potential Romania Oman+$3.86MWheat

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Romania () (2023)

Exports from Romania () to Oman () (2023)

Latest Data

Trade between Oman () and Romania ()

Oman Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Oman - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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