2022
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GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
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GDP GROWTH
31.2%CURRENT US$
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2022
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 GDP
$1.11TCURRENT US$
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2012-2022
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GDP GROWTH
49.4%CURRENT US$
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2022
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GDP PC 
$25,057CURRENT US$
Rnk 43 / 186
2012-2022
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GDP PC GROWTH
1.35%CURRENT US$
Rnk 136 / 186
2022
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GDP PC
$30,436CURRENT US$
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2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
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About

Oman-Saudi Arabia Trade: In 2022, Oman exported $2.4B to Saudi Arabia. The main products that Oman exported to Saudi Arabia were Iron Ore ($757M), Semi-Finished Iron ($673M), and Cars ($80M). Over the past 5 years the exports of Oman to Saudi Arabia have increased at an annualized rate of 9.24%, from $1.54B in 2017 to $2.4B in 2022.

In 2022, Oman did not export any services to Saudi Arabia.

Saudi Arabia-Oman Trade: In 2022, Saudi Arabia exported $4.31B to Oman. The main products that Saudi Arabia exported to Oman were Refined Petroleum ($2.68B), Ethers ($233M), and Cyclic Alcohols ($180M). Over the past 5 years the exports of Saudi Arabia to Oman have increased at an annualized rate of 32.7%,  from $1.05B in 2017 to $4.31B in 2022.

In 2022, Saudi Arabia did not export any services to Oman.

Comparison: In 2022,  Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $2.4B to Saudi Arabia. The main products exported from Oman to Saudi Arabia were Iron Ore ($757M), Semi-Finished Iron ($673M), and Cars ($80M). During the last 5 years the exports of Oman to Saudi Arabia have increased at an annualized rate of 9.24%, from $1.54B in 2017 to $2.4B in 2022.

In 2017, Saudi Arabia exported $4.31B to Oman. The main products exported from Saudi Arabia to Oman were Refined Petroleum ($2.68B), Ethers ($233M), and Cyclic Alcohols ($180M). During the last 5 years the exports of Saudi Arabia to Oman have increased at an annualized rate of 32.7%, from $1.05B in 2022 to $4.31B in 2017.

Exports from Oman (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Oman (Flag) (2022)

Latest Data

Trade between Oman (Flag) and Saudi Arabia (Flag)

Oman Exports

Saudi Arabia Exports

Market Competitiveness

Color
Oman
Top Destination
China$30.4B
Saudi Arabia
Top Destination
China$68B

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

In 2022, countries that imported more from Oman than Saudi Arabia included Qatar ($1.09B), Iran ($539M), and Mauritius ($544M).

In 2022, countries that imported more from Saudi Arabia than Oman included India ($46.2B), China ($68B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Oman (Flag) (2022)

Comparative Advantage Oman - Saudi Arabia

Flow
Scale

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

During 2022, Oman had a large net trade with Saudi Arabia in the exports of Mineral Products ($832M), Metals ($814M), and Transportation ($114M).

During 2017, Saudi Arabia had a large net trade with Oman in the exports of Mineral Products ($2.7B), Chemical Products ($746M), and Foodstuffs ($179M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Saudi Arabia+$72.9MRefined Petroleum
Top Product Potential Saudi Arabia Oman+$28.3MEthylene Polymers

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

Product Space of Oman (Flag) and Saudi Arabia (Flag) (2022)

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