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2022
Flag → Flag
Exports $4.22BRnk 32 / 217
2022
Flag → Flag
Top Product $1.86BRefined Petroleum
2022
Flag → Flag
Exports $8.15BRnk 2 / 171
2022
Flag → Flag
Top Product $3.64BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

India-Oman Trade: In 2022, India exported $4.22B to Oman. The main products that India exported to Oman were Refined Petroleum ($1.86B), Special Purpose Ships ($170M), and Rice ($134M). Over the past 5 years the exports of India to Oman have increased at an annualized rate of 8.45%, from $2.81B in 2017 to $4.22B in 2022.

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

Oman-India Trade: In 2022, Oman exported $8.15B to India. The main products that Oman exported to India were Crude Petroleum ($3.64B), Nitrogenous Fertilizers ($1.26B), and Petroleum Gas ($1.09B). Over the past 5 years the exports of Oman to India have increased at an annualized rate of 22.3%,  from $2.97B in 2017 to $8.15B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Latest Trends

June, 2024

About

Overview In June 2024, India exported $294M and imported $561M from Oman, resulting in a negative trade balance of $268M. Between June 2023 and June 2024 the exports of India have increased by $8.76M (3.07%) from $285M to $294M, while imports increased by $271M (93.4%) from $290M to $561M.

Trade In June 2024, the top exports of India to Oman were Petroleum Products ($146M), Processed Minerals ($24.4M), Rice -Basmoti ($15M), Iron And Steel ($13.9M), and Ship, Boat And Floating Struct ($9.93M). In June 2024 the top imports of India from Oman were Fertilezers Manufactured ($118M), Petroleum Products ($92.5M), Ship, Boat And Floating Struct ($77.5M), Other Commodities ($45.2M), and Petroleum: Crude ($43.5M).

Growth In June 2024, the increase in India's year-by-year exports to Oman was explained primarily by an increase in product exports in Processed Minerals ($22.1M or 964%), Petroleum Products ($16.4M or 12.6%), and Ship, Boat And Floating Struct ($9.91M or 61.8k%). In June 2024, the increase in India's year-by-year imports  from Oman was explained primarily by an increase in product imports  in Fertilezers Manufactured ($78.6M or 202%), Other Commodities ($43.6M or 2.82k%), and Plastic Raw Materials ($27.2M or 293%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)$8.76M(3.07%)
IMPORT GROWTH (June 2023 - June 2024)$271M(93.4%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Oman and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $4.22B to Oman. The main products exported from India to Oman were Refined Petroleum ($1.86B), Special Purpose Ships ($170M), and Rice ($134M). During the last 5 years the exports of India to Oman have increased at an annualized rate of 8.45%, from $2.81B in 2017 to $4.22B in 2022.

In 2017, Oman exported $8.15B to India. The main products exported from Oman to India were Crude Petroleum ($3.64B), Nitrogenous Fertilizers ($1.26B), and Petroleum Gas ($1.09B). During the last 5 years the exports of Oman to India have increased at an annualized rate of 22.3%, from $2.97B in 2022 to $8.15B in 2017.

Exports from India (Flag) to Oman (Flag) (2022)

Exports from Oman (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from India than Oman included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Oman than India included China ($30.4B) and Saint Barthélemy ($34.9k).

Difference in imports from Oman (Flag) and India (Flag) (2022)

Comparative Advantage India - Oman

Flow
Scale

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

During 2022, India had a large net trade with Oman in the exports of Mineral Products ($2.02B), Metals ($379M), and Chemical Products ($356M).

During 2017, Oman had a large net trade with India in the exports of Mineral Products ($5.28B), Chemical Products ($1.52B), and Transportation ($576M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Oman+$256MRefined Petroleum
Top Product Potential Oman India+$1.64BCrude 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

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

Product Space of India (Flag) and Oman (Flag) (2022)

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