Oman (OMN) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Oman-Sweden Trade: In 2023, Oman exported $9.54M to Sweden. The main products that Oman exported to Sweden were Aluminium Wire ($6.54M), Raw Aluminium ($1.07M), and Electrical Transformers ($416k). Over the past 5 years the exports of Oman to Sweden have decreased at an annualized rate of 31.6%, from $63.7M in 2018 to $9.54M in 2023.

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

Sweden-Oman Trade: In 2023, Sweden exported $50.6M to Oman. The main products that Sweden exported to Oman were Concentrated Milk ($22M), Computers ($5.53M), and Sawn Wood ($2.95M). Over the past 5 years the exports of Sweden to Oman have decreased at an annualized rate of 10.2%, from $86.9M in 2018 to $50.6M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $9.54M to Sweden. The main products exported from Oman to Sweden were Aluminium Wire ($6.54M), Raw Aluminium ($1.07M), and Electrical Transformers ($416k). During the last 5 years the exports of Oman to Sweden have decreased at an annualized rate of 31.6%, from $63.7M in 2018 to $9.54M in 2023.

In 2018, Sweden exported $50.6M to Oman. The main products exported from Sweden to Oman were Concentrated Milk ($22M), Computers ($5.53M), and Sawn Wood ($2.95M). During the last 5 years the exports of Sweden to Oman have decreased at an annualized rate of 10.2%, from $86.9M in 2023 to $50.6M in 2018.

Exports from Oman () to Sweden () (2023)

Exports from Sweden () to Oman () (2023)

Latest Data

Trade between Oman () and Sweden ()

Oman Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Sweden
Top DestinationGermany$18.4B

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

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

In 2023, countries that imported more from Sweden than Oman included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Oman - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Sweden in the exports of Metals ($7.62M), Machines ($1M), and Mineral Products ($396k).

During 2018, Sweden had a large net trade with Oman in the exports of Animal Products ($22M), Machines ($15M), and Wood Products ($3.97M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Sweden+$17.4MRefined Petroleum

Top Product Potential Sweden Oman+$2.71MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Sweden () (2023)

Exports from Sweden () to Oman () (2023)

Latest Data

Trade between Oman () and Sweden ()

Oman Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Oman - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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