2022
Flag  
GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC 
$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH
1.35%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186

About

Oman-Thailand Trade: In 2022, Oman exported $2.02B to Thailand. The main products that Oman exported to Thailand were Petroleum Gas ($955M), Semi-Finished Iron ($710M), and Crude Petroleum ($221M). Over the past 5 years the exports of Oman to Thailand have increased at an annualized rate of 76.2%, from $119M in 2017 to $2.02B in 2022.

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

Thailand-Oman Trade: In 2022, Thailand exported $511M to Oman. The main products that Thailand exported to Oman were Delivery Trucks ($131M), Cars ($123M), and Polycarboxylic Acids ($103M). Over the past 5 years the exports of Thailand to Oman have decreased at an annualized rate of 1.53%,  from $569M in 2017 to $511M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $2.02B to Thailand. The main products exported from Oman to Thailand were Petroleum Gas ($955M), Semi-Finished Iron ($710M), and Crude Petroleum ($221M). During the last 5 years the exports of Oman to Thailand have increased at an annualized rate of 76.2%, from $119M in 2017 to $2.02B in 2022.

In 2017, Thailand exported $511M to Oman. The main products exported from Thailand to Oman were Delivery Trucks ($131M), Cars ($123M), and Polycarboxylic Acids ($103M). During the last 5 years the exports of Thailand to Oman have decreased at an annualized rate of 1.53%, from $569M in 2022 to $511M in 2017.

Exports from Oman (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to Oman (Flag) (2022)

Latest Data

Trade between Oman (Flag) and Thailand (Flag)

Oman Exports

Thailand Exports

Market Competitiveness

Color
Oman
Top Destination
China$30.4B
Thailand
Top Destination
United States$53.4B

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

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

In 2022, countries that imported more from Thailand than Oman included United States ($53.4B), Japan ($24.6B), and Vietnam ($13.4B).

Difference in imports from Thailand (Flag) and Oman (Flag) (2022)

Comparative Advantage Oman - Thailand

Flow
Scale

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

During 2022, Oman had a large net trade with Thailand in the exports of Mineral Products ($1.18B), Metals ($722M), and Chemical Products ($72.6M).

During 2017, Thailand had a large net trade with Oman in the exports of Transportation ($267M), Chemical Products ($108M), and Machines ($64.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Thailand+$255MCrude Petroleum
Top Product Potential Thailand Oman+$26.6MCars

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

Product Space of Oman (Flag) and Thailand (Flag) (2022)

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