Oman (OMN) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Oman-Spain Trade: In 2022, Oman exported $496M to Spain. The main products that Oman exported to Spain were Petroleum Gas ($341M), Coin ($55.8M), and Nitrogenous Fertilizers ($13.4M). Over the past 5 years the exports of Oman to Spain have increased at an annualized rate of 58.9%, from $49M in 2017 to $496M in 2022.

In 2022, Oman did not export any services to Spain.

Spain-Oman Trade: In 2022, Spain exported $289M to Oman. The main products that Spain exported to Oman were Petroleum Coke ($23.7M), Cars ($20.9M), and Explosive Ammunition ($16.9M). Over the past 5 years the exports of Spain to Oman have decreased at an annualized rate of 0.7%, from $300M in 2017 to $289M in 2022.

In 2022, Spain did not export any services to Oman.

Comparison: In 2022, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $496M to Spain. The main products exported from Oman to Spain were Petroleum Gas ($341M), Coin ($55.8M), and Nitrogenous Fertilizers ($13.4M). During the last 5 years the exports of Oman to Spain have increased at an annualized rate of 58.9%, from $49M in 2017 to $496M in 2022.

In 2017, Spain exported $289M to Oman. The main products exported from Spain to Oman were Petroleum Coke ($23.7M), Cars ($20.9M), and Explosive Ammunition ($16.9M). During the last 5 years the exports of Spain to Oman have decreased at an annualized rate of 0.7%, from $300M in 2022 to $289M in 2017.

Exports from Oman () to Spain () (2022)

Exports from Spain () to Oman () (2022)

Latest Data

Trade between Oman () and Spain ()

Oman Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Oman than Spain included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Spain than Oman included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Oman () (2022)

Comparative Advantage Oman - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Spain in the exports of Mineral Products ($344M), Precious Metals ($55.8M), and Chemical Products ($24.3M).

During 2017, Spain had a large net trade with Oman in the exports of Machines ($52.8M), Transportation ($43.5M), and Chemical Products ($34.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Spain+$101MPetroleum Gas

Top Product Potential Spain Oman+$19.8MRefined 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 Oman and Spain. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Spain () (2022)

Exports from Spain () to Oman () (2022)

Latest Data

Trade between Oman () and Spain ()

Oman Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Oman () (2022)

Comparative Advantage Oman - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Spain () (2022)

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