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2023
Flag → Flag
Exports $490MRnk 51 / 137
2023
Flag → Flag
Top Product $192MRefined Petroleum
2023
Flag → Flag
Exports $22MRnk 80 / 171
2023
Flag → Flag
Top Product $9.79MAircraft parts (gliders, balloons, and powered aircraft)
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$21,550CURRENT US$
Rnk 62 / 196
2013-2023
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GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Russia-Oman Trade: In 2023, Russia exported $490M to Oman. The main products that Russia exported to Oman were Refined Petroleum ($192M), Wheat ($132M), and Crude Petroleum ($63.1M). Over the past 5 years the exports of Russia to Oman have increased at an annualized rate of 24.1%, from $166M in 2018 to $490M in 2023.

In 2020, Russia exported services to Oman worth $2.33M, with Transportation ($1.41M), Other business services ($537k), and Computer and information services ($212k) being the largest in terms of value.

Oman-Russia Trade: In 2023, Oman exported $22M to Russia. The main products that Oman exported to Russia were Aircraft parts (gliders, balloons, and powered aircraft) ($9.79M), Large Iron Containers ($7.21M), and Gas and Liquid Flow Measuring Instruments ($569k). Over the past 5 years the exports of Oman to Russia have increased at an annualized rate of 38.8%,  from $4.27M in 2018 to $22M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $15.3M and imported $705k from Oman, resulting in a positive trade balance of $14.6M. Between January 2021 and January 2022 the exports of Russia have increased by $13.7M (898%) from $1.53M to $15.3M, while imports increased by $644k (1.06k%) from $60.8k to $705k.

Trade In January 2022, the top exports of Russia to Oman were Organo-Sulfur Compounds ($660k), Electric Motors ($201k), Electric Motor Parts ($163k), Thermostats ($95.7k), and Machinery Having Individual Functions ($55.5k). In January 2022 the top imports of Russia from Oman were Building Stone ($60.8k).

Origins In January 2022 the exports of Russia were mainly from REPUBLIC OF SAKHA (YAKUTIA) ($6.35M), VOLGOGRAD REGION ($4.35M), ROSTOV REGION ($1.14M), TYUMEN REGION ($835k), and VLADIMIR REGION ($809k), while imports destinations were mainly ST. PETERSBURG ($700k) and MOSCOW REGION ($5.1k).

Growth In January 2022, the increase in Russia's year-by-year exports to Oman was explained primarily by an increase in product exports in Electric Motors ($182k or 956%), Thermostats ($95.3k or 20.5k%), and Insulated Wire ($51.5k or 1.91k%). In January 2022, the increase in Russia's year-by-year imports  from Oman was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$13.7M(898%)
IMPORT GROWTH (January 2021 - January 2022)$644k(1.06k%)
MAIN EXPORTER (January 2022)REPUBLIC OF SAKHA (YAKUTIA)$6.35M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Oman and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $490M to Oman. The main products exported from Russia to Oman were Refined Petroleum ($192M), Wheat ($132M), and Crude Petroleum ($63.1M). During the last 5 years the exports of Russia to Oman have increased at an annualized rate of 24.1%, from $166M in 2018 to $490M in 2023.

In 2018, Oman exported $22M to Russia. The main products exported from Oman to Russia were Aircraft parts (gliders, balloons, and powered aircraft) ($9.79M), Large Iron Containers ($7.21M), and Gas and Liquid Flow Measuring Instruments ($569k). During the last 5 years the exports of Oman to Russia have increased at an annualized rate of 38.8%, from $4.27M in 2023 to $22M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Russia than Oman included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Oman than Russia included South Africa ($2.57B), Qatar ($857M), and Madagascar ($647M).

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

Comparative Advantage Russia - Oman

Flow
Scale

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

During 2023, Russia had a large net trade with Oman in the exports of Mineral Products ($282M), Vegetable Products ($148M), and Precious Metals ($51.2M).

During 2018, Oman had a large net trade with Russia in the exports of Transportation ($9.96M), Metals ($7.85M), and Machines ($1.49M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Oman+$122MRefined Petroleum
Top Product Potential Oman Russia+$2.36MEthylene Polymers

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

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

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