Singapore (SGP) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Singapore-Oman Trade: In 2023, Singapore exported $304M to Oman. The main products that Singapore exported to Oman were Refined Petroleum ($117M), Jewellery ($53.8M), and Valves ($23.7M). Over the past 5 years the exports of Singapore to Oman have increased at an annualized rate of 11.7%, from $175M in 2018 to $304M in 2023.

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

Oman-Singapore Trade: In 2023, Oman exported $667M to Singapore. The main products that Oman exported to Singapore were Refined Petroleum ($425M), Raw Iron Bars ($130M), and Ammonia ($24.5M). Over the past 5 years the exports of Oman to Singapore have increased at an annualized rate of 11%, from $396M in 2018 to $667M in 2023.

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

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Singapore exported $304M to Oman. The main products exported from Singapore to Oman were Refined Petroleum ($117M), Jewellery ($53.8M), and Valves ($23.7M). During the last 5 years the exports of Singapore to Oman have increased at an annualized rate of 11.7%, from $175M in 2018 to $304M in 2023.

In 2018, Oman exported $667M to Singapore. The main products exported from Oman to Singapore were Refined Petroleum ($425M), Raw Iron Bars ($130M), and Ammonia ($24.5M). During the last 5 years the exports of Oman to Singapore have increased at an annualized rate of 11%, from $396M in 2023 to $667M in 2018.

Exports from Singapore () to Oman () (2023)

Exports from Oman () to Singapore () (2023)

Latest Data

Trade between Singapore () and Oman ()

Singapore Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Singapore than Oman included Hong Kong ($44.5B), United States ($32.9B), and Malaysia ($31.4B).

In 2023, countries that imported more from Oman than Singapore included Saudi Arabia ($3.64B), South Africa ($2.57B), and Egypt ($985M).

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

Comparative Advantage Singapore - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Oman in the exports of Mineral Products ($117M), Machines ($68M), and Precious Metals ($53.8M).

During 2018, Oman had a large net trade with Singapore in the exports of Mineral Products ($428M), Metals ($155M), and Chemical Products ($53.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Oman+$110MRefined Petroleum

Top Product Potential Oman Singapore+$68.8MRefined 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 Singapore and Oman. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Singapore.

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Oman () (2023)

Exports from Oman () to Singapore () (2023)

Latest Data

Trade between Singapore () and Oman ()

Singapore Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Singapore - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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