Thailand (THA) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Thailand-Oman Trade: In 2023, Thailand exported $596M to Oman. The main products that Thailand exported to Oman were Delivery Trucks ($214M), Polycarboxylic Acids ($123M), and Cars ($80.6M). Over the past 5 years the exports of Thailand to Oman have increased at an annualized rate of 16%, from $284M in 2018 to $596M in 2023.

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

Oman-Thailand Trade: In 2023, Oman exported $1.23B to Thailand. The main products that Oman exported to Thailand were Petroleum Gas ($491M), Semi-Finished Iron ($481M), and Nitrogenous Fertilizers ($68.5M). Over the past 5 years the exports of Oman to Thailand have increased at an annualized rate of 42.6%, from $208M in 2018 to $1.23B in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). 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, Thailand exported $596M to Oman. The main products exported from Thailand to Oman were Delivery Trucks ($214M), Polycarboxylic Acids ($123M), and Cars ($80.6M). During the last 5 years the exports of Thailand to Oman have increased at an annualized rate of 16%, from $284M in 2018 to $596M in 2023.

In 2018, Oman exported $1.23B to Thailand. The main products exported from Oman to Thailand were Petroleum Gas ($491M), Semi-Finished Iron ($481M), and Nitrogenous Fertilizers ($68.5M). During the last 5 years the exports of Oman to Thailand have increased at an annualized rate of 42.6%, from $208M in 2023 to $1.23B in 2018.

Exports from Thailand () to Oman () (2023)

Exports from Oman () to Thailand () (2023)

Latest Data

Trade between Thailand () and Oman ()

Thailand Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Thailand than Oman included United States ($58.5B), Japan ($24.9B), and China ($44.1B).

In 2023, countries that imported more from Oman than Thailand included Madagascar ($647M), South Africa ($2.57B), and Croatia ($562M).

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

Comparative Advantage Thailand - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Oman in the exports of Transportation ($312M), Chemical Products ($128M), and Machines ($75.6M).

During 2018, Oman had a large net trade with Thailand in the exports of Mineral Products ($542M), Metals ($493M), and Chemical Products ($128M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Oman+$26.6MCars

Top Product Potential Oman Thailand+$255MCrude 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 Thailand and Oman. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Oman () (2023)

Exports from Oman () to Thailand () (2023)

Latest Data

Trade between Thailand () and Oman ()

Thailand Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Thailand - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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