Vietnam (VNM) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Vietnam-Oman Trade: In 2023, Vietnam exported $65.4M to Oman. The main products that Vietnam exported to Oman were Raw Aluminium ($21.2M), Citrus ($4.11M), and Coffee ($2.73M). Over the past 5 years the exports of Vietnam to Oman have increased at an annualized rate of 2.13%, from $58.9M in 2018 to $65.4M in 2023.

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

Oman-Vietnam Trade: In 2023, Oman exported $191M to Vietnam. The main products that Oman exported to Vietnam were Ethylene Polymers ($38.6M), Molluscs ($36.8M), and Iron Ore ($23.2M). Over the past 5 years the exports of Oman to Vietnam have increased at an annualized rate of 3.09%, from $164M in 2018 to $191M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $65.4M to Oman. The main products exported from Vietnam to Oman were Raw Aluminium ($21.2M), Citrus ($4.11M), and Coffee ($2.73M). During the last 5 years the exports of Vietnam to Oman have increased at an annualized rate of 2.13%, from $58.9M in 2018 to $65.4M in 2023.

In 2018, Oman exported $191M to Vietnam. The main products exported from Oman to Vietnam were Ethylene Polymers ($38.6M), Molluscs ($36.8M), and Iron Ore ($23.2M). During the last 5 years the exports of Oman to Vietnam have increased at an annualized rate of 3.09%, from $164M in 2023 to $191M in 2018.

Exports from Vietnam () to Oman () (2023)

Exports from Oman () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Oman ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Vietnam than Oman included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Oman than Vietnam included South Africa ($2.57B), Saudi Arabia ($3.64B), and Madagascar ($647M).

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

Comparative Advantage Vietnam - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Oman in the exports of Metals ($21.7M), Vegetable Products ($10.1M), and Machines ($8.35M).

During 2018, Oman had a large net trade with Vietnam in the exports of Plastics and Rubbers ($59.6M), Mineral Products ($55.1M), and Animal Products ($41.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Oman+$8.97MTelephones

Top Product Potential Oman Vietnam+$11MEthylene 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Oman () (2023)

Exports from Oman () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Oman ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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