Oman (OMN) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Oman-Turkey Trade: In 2023, Oman exported $1.05B to Turkey. The main products that Oman exported to Turkey were Nitrogenous Fertilizers ($562M), Semi-Finished Iron ($148M), and Raw Aluminium ($57.2M). Over the past 5 years the exports of Oman to Turkey have increased at an annualized rate of 68%, from $78.1M in 2018 to $1.05B in 2023.

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

Turkey-Oman Trade: In 2023, Turkey exported $510M to Oman. The main products that Turkey exported to Oman were Broadcasting Equipment ($33.8M), Gas Turbines ($17.3M), and Other Furniture ($14.3M). Over the past 5 years the exports of Turkey to Oman have increased at an annualized rate of 21%, from $197M in 2018 to $510M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $1.05B to Turkey. The main products exported from Oman to Turkey were Nitrogenous Fertilizers ($562M), Semi-Finished Iron ($148M), and Raw Aluminium ($57.2M). During the last 5 years the exports of Oman to Turkey have increased at an annualized rate of 68%, from $78.1M in 2018 to $1.05B in 2023.

In 2018, Turkey exported $510M to Oman. The main products exported from Turkey to Oman were Broadcasting Equipment ($33.8M), Gas Turbines ($17.3M), and Other Furniture ($14.3M). During the last 5 years the exports of Turkey to Oman have increased at an annualized rate of 21%, from $197M in 2023 to $510M in 2018.

Exports from Oman () to Turkey () (2023)

Exports from Turkey () to Oman () (2023)

Latest Data

Trade between Oman () and Turkey ()

Oman Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Oman than Turkey included China ($30.2B), Chinese Taipei ($2.44B), and South Africa ($2.57B).

In 2023, countries that imported more from Turkey than Oman included Germany ($24.7B), United Kingdom ($15.1B), and United States ($15.9B).

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

Comparative Advantage Oman - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Turkey in the exports of Chemical Products ($617M), Metals ($216M), and Plastics and Rubbers ($95.1M).

During 2018, Turkey had a large net trade with Oman in the exports of Machines ($160M), Foodstuffs ($64.1M), and Chemical Products ($37.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Turkey+$31.3MRefined Petroleum

Top Product Potential Turkey Oman+$40.7MRefined 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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Turkey () (2023)

Exports from Turkey () to Oman () (2023)

Latest Data

Trade between Oman () and Turkey ()

Oman Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Oman - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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