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2023
Flag → Flag
Exports $11.7kRnk 165 / 171
2023
Flag → Flag
Top Product $11.7kCars
2023
Flag → Flag
Exports $3.67kRnk 109 / 122
2023
Flag → Flag
Top Product $2.79kNon-Knit Women's Suits
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC $21,550CURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Oman-Venezuela Trade: In 2023, Oman exported $11.7k to Venezuela. The main products that Oman exported to Venezuela were Cars ($11.7k). Over the past 6 years the exports of Oman to Venezuela have decreased at an annualized rate of 21.9%, from $51.5k in 2017 to $11.7k in 2023.

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

Venezuela-Oman Trade: In 2023, Venezuela exported $3.67k to Oman. The main products that Venezuela exported to Oman were Non-Knit Women's Suits ($2.79k), Clock Cases and Parts ($801), and Broadcasting Equipment ($78). Over the past 6 years the exports of Venezuela to Oman have increased at an annualized rate of 39.5%,  from $356 in 2017 to $3.67k in 2023.

In 2023, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Oman exported $11.7k to Venezuela. The main products exported from Oman to Venezuela were Cars ($11.7k). During the last 6 years the exports of Oman to Venezuela have decreased at an annualized rate of 21.9%, from $51.5k in 2017 to $11.7k in 2023.

In 2018, Venezuela exported $3.67k to Oman. The main products exported from Venezuela to Oman were Non-Knit Women's Suits ($2.79k), Clock Cases and Parts ($801), and Broadcasting Equipment ($78). During the last 5 years the exports of Venezuela to Oman have increased at an annualized rate of 39.5%, from $356 in 2023 to $3.67k in 2018.

Exports from Oman (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Oman (Flag) (2023)

Latest Data

Trade between Oman (Flag) and Venezuela (Flag)

Oman Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.2B
Venezuela
Top DestinationUnited States$3.81B

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 2023, countries that imported more from Oman than Venezuela included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

In 2023, countries that imported more from Venezuela than Oman included United States ($3.81B), Spain ($670M), and Colombia ($131M).

Difference in imports from Venezuela (Flag) and Oman (Flag) (2023)

Comparative Advantage Oman - Venezuela

Flow
Scale

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

During 2023, Oman had a large net trade with Venezuela in the exports of Transportation ($11.7k).

During 2018, Venezuela had a large net trade with Oman in the exports of Textiles ($2.79k), Instruments ($801), and Machines ($78).

Economic Complexity

Competitive Landscape

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.

Product Space of Oman (Flag) and Venezuela (Flag) (2023)

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