Oman (OMN) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Oman-Venezuela Trade: In 2021, Oman exported $145k to Venezuela. The main products that Oman exported to Venezuela were N/A. Over the past 5 years the exports of Oman to Venezuela have decreased at an annualized rate of 62.3%, from $19M in 2016 to $145k in 2021.

In 2021, Oman did not export any services to Venezuela.

Venezuela-Oman Trade: In 2021, Venezuela exported $454k to Oman. The main products that Venezuela exported to Oman were Raw Aluminium ($454k). Over the past 5 years the exports of Venezuela to Oman have decreased at an annualized rate of 52.7%, from $19.3M in 2016 to $454k in 2021.

In 2021, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Oman exported $145k to Venezuela. There were not main exports from Oman to Venezuela in 2021. During the last 5 years the exports of Oman to Venezuela have decreased at an annualized rate of 62.3%, from $19M in 2016 to $145k in 2021.

In 2017, Venezuela exported $454k to Oman. The main products exported from Venezuela to Oman were Raw Aluminium ($454k). During the last 5 years the exports of Venezuela to Oman have decreased at an annualized rate of 52.7%, from $19.3M in 2022 to $454k in 2017.

Exports from Oman () to Venezuela () (2022)

Exports from Venezuela () to Oman () (2022)

Latest Data

Trade between Oman () and Venezuela ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Oman than Venezuela included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Venezuela than Oman included Lebanon ($150M), Guatemala ($84.5M), and Montenegro ($75.9M).

Difference in imports from Venezuela () and Oman () (2022)

Comparative Advantage Oman - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Oman had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Oman in the exports of Metals ($454k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Oman () to Venezuela () (2022)

Exports from Venezuela () to Oman () (2022)

Latest Data

Trade between Oman () and Venezuela ()

Oman Exports

Market Competitiveness

Difference in imports from Venezuela () and Oman () (2022)

Comparative Advantage Oman - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Oman () and Venezuela () (2022)

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