Oman (OMN) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Oman-Russia Trade: In 2022, Oman exported $7.12M to Russia. The main products that Oman exported to Russia were Collector's Items ($3.33M), Antiques ($1.21M), and Ethylene Polymers ($1.03M). Over the past 5 years the exports of Oman to Russia have increased at an annualized rate of 0.53%, from $6.93M in 2017 to $7.12M in 2022.

In 2022, Oman did not export any services to Russia.

Russia-Oman Trade: In 2022, Russia exported $445M to Oman. The main products that Russia exported to Oman were Refined Petroleum ($313M), Wheat ($75.3M), and Iron Reductions ($20.9M). Over the past 5 years the exports of Russia to Oman have increased at an annualized rate of 26.9%, from $135M in 2017 to $445M in 2022.

In 2020, Russia exported services to Oman worth $2.33M, with Transportation ($1.41M), Other business services ($537k), and Computer and information services ($212k) being the largest in terms of value.

Comparison: In 2022, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $7.12M to Russia. The main products exported from Oman to Russia were Collector's Items ($3.33M), Antiques ($1.21M), and Ethylene Polymers ($1.03M). During the last 5 years the exports of Oman to Russia have increased at an annualized rate of 0.53%, from $6.93M in 2017 to $7.12M in 2022.

In 2017, Russia exported $445M to Oman. The main products exported from Russia to Oman were Refined Petroleum ($313M), Wheat ($75.3M), and Iron Reductions ($20.9M). During the last 5 years the exports of Russia to Oman have increased at an annualized rate of 26.9%, from $135M in 2022 to $445M in 2017.

Exports from Oman () to Russia () (2022)

Exports from Russia () to Oman () (2022)

Latest Data

Trade between Oman () and Russia ()

Oman Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Oman than Russia included Saudi Arabia ($2.4B), Qatar ($1.09B), and Thailand ($2.02B).

In 2022, countries that imported more from Russia than Oman included China ($101B), India ($40.4B), and Germany ($27.7B).

Difference in imports from Russia () and Oman () (2022)

Comparative Advantage Oman - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Russia in the exports of Arts and Antiques ($4.76M), Plastics and Rubbers ($1.12M), and Transportation ($597k).

During 2017, Russia had a large net trade with Oman in the exports of Mineral Products ($330M), Vegetable Products ($78.3M), and Metals ($24.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Russia+$2.36MEthylene Polymers

Top Product Potential Russia Oman+$122MRefined Petroleum

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

Rus Year

In 2020, Russia exported services to Oman worth $2.33M, with Transportation ($1.41M), Other business services ($537k), and Computer and information services ($212k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Oman () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Russia () (2022)

Exports from Russia () to Oman () (2022)

Latest Data

Trade between Oman () and Russia ()

Oman Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Oman () (2022)

Comparative Advantage Oman - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Oman () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Oman () and Russia () (2022)

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