2023
Exports
$32.8kWorld Rnk 49 / 82
Flag Rnk 811 / 1051
2023
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.67Rnk 297 / 1025
2023
Imports
$63.9kWorld Rnk 66 / 146
Flag Rnk 1037 / 1178
2023
ECONOMIC COMPLEXITY of Oman
-0.32Rnk 76 / 132

About

Exports In 2023, Oman exported $32.8k in Rare-Earth Metal Compounds, making it the 49th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 811th most exported product in Oman. The main destination of Rare-Earth Metal Compounds exports from Oman are: Somalia ($32.3k) and Iran ($421).

The fastest growing export markets for Rare-Earth Metal Compounds of Oman between 2022 and 2023 were Somalia ($32.3k) and Iran ($421).

Imports In 2023, Oman imported $63.9k in Rare-Earth Metal Compounds, becoming the 66th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 1037th most imported product in Oman. Oman imports Rare-Earth Metal Compounds primarily from: China ($53.4k), United Arab Emirates ($7.01k), Germany ($2.2k), India ($1.05k), and Turkey ($138).

The fastest growing import markets in Rare-Earth Metal Compounds for Oman between 2022 and 2023 were China ($53.4k), Turkey ($138), and United Kingdom ($86).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Rare-Earth Metal Compounds. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$32.8k
IMPORTS (2023)$63.9k
NET TRADE (2023)-$31.1k

In 2023, Oman exported $32.8k in Rare-Earth Metal Compounds. The main destinations of Oman exports on Rare-Earth Metal Compounds were Somalia ($32.3k) and Iran ($421).

In 2023, Oman imported $63.9k in Rare-Earth Metal Compounds, mainly from China ($53.4k), United Arab Emirates ($7.01k), Germany ($2.2k), India ($1.05k), and Turkey ($138).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Oman WERE (2022 - 2023):
Somalia$32.3k (1%)
Iran$421 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Oman WERE (2022 - 2023):United States-$913 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Oman's main exporting competitors in Rare-Earth Metal Compounds were:
Burma $1.44B
China $513M
In 2023, Oman's main importing competitors in Rare-Earth Metal Compounds were:
China $1.98B
Japan $478M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.58k
TOP IMPORT POTENTIALIndia+ $8.6k

Rare-Earth Metal Compounds’s highest export potential is United States. With an export gap of $1.58k.   Rare-Earth Metal Compounds’s highest import potential is India with an import gap of $8.6k.

See methodology.

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