2022
Exports
$1MWorld Rnk 82 / 135
Flag Rnk 388 / 1042
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$43.6MWorld Rnk 57 / 215
Flag Rnk 163 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $1M in Soybean Oil, making it the 82nd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 388th most exported product in Oman. The main destination of Soybean Oil exports from Oman are: Qatar ($638k), Bahrain ($144k), United Arab Emirates ($71.4k), Kuwait ($70k), and Saudi Arabia ($47.7k).

The fastest growing export markets for Soybean Oil of Oman between 2021 and 2022 were Qatar ($330k), Bahrain ($118k), and Kuwait ($62.1k).

Imports In 2022, Oman imported $43.6M in Soybean Oil, becoming the 57th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 163rd most imported product in Oman. Oman imports Soybean Oil primarily from: United Arab Emirates ($18.2M), Argentina ($13.9M), Saudi Arabia ($5.34M), Turkey ($2.89M), and Egypt ($1.5M).

The fastest growing import markets in Soybean Oil for Oman between 2021 and 2022 were United Arab Emirates ($6.22M), Argentina ($6.19M), and Turkey ($2.89M).

Latest Trends

Oct 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 Soybean Oil. 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 (2022)$1M
IMPORTS (2022)$43.6M
NET TRADE (2022)-$42.6M

In 2022, Oman exported $1M in Soybean Oil. The main destinations of Oman exports on Soybean Oil were Qatar ($638k), Bahrain ($144k), United Arab Emirates ($71.4k), Kuwait ($70k), and Saudi Arabia ($47.7k).

In 2022, Oman imported $43.6M in Soybean Oil, mainly from United Arab Emirates ($18.2M), Argentina ($13.9M), Saudi Arabia ($5.34M), Turkey ($2.89M), and Egypt ($1.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Qatar$330k (107%)
Bahrain$118k (450%)
Kuwait$62.1k (790%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Oman WERE (2021 - 2022):
United Arab Emirates-$312k (-81.4%)
Iran-$525 (-100%)
Belgium-$333 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Soybean Oil were:
In 2022, Oman's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Arab Emirates+ $73.7k
TOP IMPORT POTENTIALArgentina+ $1.63M

Soybean Oil’s highest export potential is United Arab Emirates. With an export gap of $73.7k.   Soybean Oil’s highest import potential is Argentina with an import gap of $1.63M.

See methodology.

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