Oman (OMN) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Oman-Saudi Arabia Trade: In 2023, Oman exported $3.64B to Saudi Arabia. The main products that Oman exported to Saudi Arabia were Refined Petroleum ($921M), Semi-Finished Iron ($587M), and Iron Ore ($416M). Over the past 5 years the exports of Oman to Saudi Arabia have increased at an annualized rate of 12.7%, from $2B in 2018 to $3.64B in 2023.

In 2023, Oman did not export any services to Saudi Arabia.

Saudi Arabia-Oman Trade: In 2023, Saudi Arabia exported $4.99B to Oman. The main products that Saudi Arabia exported to Oman were Refined Petroleum ($3B), Ethers ($357M), and Cyclic Alcohols ($326M). Over the past 5 years the exports of Saudi Arabia to Oman have increased at an annualized rate of 38.9%, from $967M in 2018 to $4.99B in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $3.64B to Saudi Arabia. The main products exported from Oman to Saudi Arabia were Refined Petroleum ($921M), Semi-Finished Iron ($587M), and Iron Ore ($416M). During the last 5 years the exports of Oman to Saudi Arabia have increased at an annualized rate of 12.7%, from $2B in 2018 to $3.64B in 2023.

In 2018, Saudi Arabia exported $4.99B to Oman. The main products exported from Saudi Arabia to Oman were Refined Petroleum ($3B), Ethers ($357M), and Cyclic Alcohols ($326M). During the last 5 years the exports of Saudi Arabia to Oman have increased at an annualized rate of 38.9%, from $967M in 2023 to $4.99B in 2018.

Exports from Oman () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Oman () (2023)

Latest Data

Trade between Oman () and Saudi Arabia ()

Oman Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from Oman than Saudi Arabia included Madagascar ($647M), Iran ($554M), and Croatia ($562M).

In 2023, countries that imported more from Saudi Arabia than Oman included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia () and Oman () (2023)

Comparative Advantage Oman - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Saudi Arabia in the exports of Mineral Products ($1.4B), Metals ($971M), and Machines ($545M).

During 2018, Saudi Arabia had a large net trade with Oman in the exports of Mineral Products ($3.01B), Chemical Products ($961M), and Transportation ($232M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Oman () (2023)

Latest Data

Trade between Oman () and Saudi Arabia ()

Oman Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Oman () (2023)

Comparative Advantage Oman - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Saudi Arabia () (2023)

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