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2022
Flag → Flag
Exports $289MRnk 84 / 218
2022
Flag → Flag
Top Product $23.7MPetroleum Coke
2022
Flag → Flag
Exports $496MRnk 20 / 171
2022
Flag → Flag
Top Product $341MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

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.

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.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €24.4M and imported €6.38M from Oman, resulting in a positive trade balance of €18M. Between June 2023 and June 2024 the exports of Spain have increased by €5.99M (32.6%) from €18.4M to €24.4M, while imports decreased by €-4.17M (-39.6%) from €10.5M to €6.38M.

Trade In June 2024, the top exports of Spain to Oman were Liquid Pumps (€1.48M), Other Uncoated Paper (€1.23M), Reaction and Catalytic Products (€971k), Low-voltage Protection Equipment (€749k), and Unglazed Ceramics (€639k). In June 2024 the top imports of Spain from Oman were Ammonia (€12.4M), Non-fillet Frozen Fish (€2.56M), Aluminium Wire (€1.14M), Insulated Wire (€1.13M), and Stranded Aluminium Wire (€667k).

Origins In June 2024 the exports of Spain were mainly from Álava (€8.11M), A Coruña (€7.12M), Madrid (€1.89M), Barcelona (€1.81M), and Tarragona (€980k), while imports destinations were mainly Barcelona (€2.66M), Pontevedra (€1.87M), Madrid (€764k), Almería (€282k), and Sevilla (€282k).

Growth In June 2024, the increase in Spain's year-by-year exports to Oman was explained primarily by an increase in product exports in Liquid Pumps (€1.47M or 17.4k%), Low-voltage Protection Equipment (€714k or 2.01k%), and Other Uncoated Paper (€645k or 111%). In June 2024, the decrease in Spain's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Raw Plastic Sheeting (€-779k or -95.8%), Propylene Polymers (€-625k or -62.7%), and Molluscs (€-237k or -63.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€5.99M(32.6%)
IMPORT GROWTH (June 2023 - June 2024)€-4.17M(-39.6%)
MAIN EXPORTER (June 2024)Álava€8.11M

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

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

For full datasets download visit Bulk Download page.

Explore Oman and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $289M in 2022.

In 2017, 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 2022 to $496M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Oman
Top DestinationChina$30.4B

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

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

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

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

Comparative Advantage Spain - Oman

Flow
Scale

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

During 2022, Spain had a large net trade with Oman in the exports of Machines ($52.8M), Transportation ($43.5M), and Chemical Products ($34.4M).

During 2017, Oman had a large net trade with Spain in the exports of Mineral Products ($344M), Precious Metals ($55.8M), and Chemical Products ($24.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Oman+$19.8MRefined Petroleum
Top Product Potential Oman Spain+$101MPetroleum Gas

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 Spain and Oman. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Spain.

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

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