Oman (OMN) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

About

Oman-Bolivia Trade: In 2022, Oman exported $2.49M to Bolivia. The main products that Oman exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($946k), Polyacetals ($702k), and Ethylene Polymers ($308k). Over the past 5 years the exports of Oman to Bolivia have increased at an annualized rate of 19.6%, from $1.01M in 2017 to $2.49M in 2022.

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

Bolivia-Oman Trade: In 2022, Bolivia exported $101k to Oman. The main products that Bolivia exported to Oman were Other Ores ($92.5k), Scrap Aluminium ($4.78k), and Machinery Having Individual Functions ($2.31k). Over the past 5 years the exports of Bolivia to Oman have increased at an annualized rate of 16.8%, from $46.3k in 2017 to $101k in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $2.49M to Bolivia. The main products exported from Oman to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($946k), Polyacetals ($702k), and Ethylene Polymers ($308k). During the last 5 years the exports of Oman to Bolivia have increased at an annualized rate of 19.6%, from $1.01M in 2017 to $2.49M in 2022.

In 2017, Bolivia exported $101k to Oman. The main products exported from Bolivia to Oman were Other Ores ($92.5k), Scrap Aluminium ($4.78k), and Machinery Having Individual Functions ($2.31k). During the last 5 years the exports of Bolivia to Oman have increased at an annualized rate of 16.8%, from $46.3k in 2022 to $101k in 2017.

Exports from Oman () to Bolivia () (2022)

Exports from Bolivia () to Oman () (2022)

Latest Data

Trade between Oman () and Bolivia ()

Oman Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Bolivia
Top DestinationIndia$2.27B

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

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

In 2022, countries that imported more from Bolivia than Oman included Argentina ($1.76B), Brazil ($1.89B), and Colombia ($1.06B).

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

Comparative Advantage Oman - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Bolivia in the exports of Plastics and Rubbers ($1.05M), Transportation ($946k), and Machines ($339k).

During 2017, Bolivia had a large net trade with Oman in the exports of Mineral Products ($92.5k), Metals ($4.78k), and Machines ($2.43k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Bolivia+$381kPolyacetals

Top Product Potential Bolivia Oman+$43kOther Ores

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Bolivia () (2022)

Exports from Bolivia () to Oman () (2022)

Latest Data

Trade between Oman () and Bolivia ()

Oman Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Oman - Bolivia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring