Georgia (GEO) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Georgia-Oman Trade: In 2022, Georgia exported $214k to Oman. The main products that Georgia exported to Oman were Medical Instruments ($81.4k), Packaged Medicaments ($75.6k), and Orthopedic Appliances ($12.7k). Over the past 5 years the exports of Georgia to Oman have increased at an annualized rate of 30.5%, from $56.6k in 2017 to $214k in 2022.

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

Oman-Georgia Trade: In 2022, Oman exported $3.19M to Georgia. The main products that Oman exported to Georgia were Polyacetals ($1.38M), Refined Petroleum ($1.35M), and Fairground Amusements ($190k). Over the past 5 years the exports of Oman to Georgia have increased at an annualized rate of 65%, from $261k in 2017 to $3.19M in 2022.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $214k to Oman. The main products exported from Georgia to Oman were Medical Instruments ($81.4k), Packaged Medicaments ($75.6k), and Orthopedic Appliances ($12.7k). During the last 5 years the exports of Georgia to Oman have increased at an annualized rate of 30.5%, from $56.6k in 2017 to $214k in 2022.

In 2017, Oman exported $3.19M to Georgia. The main products exported from Oman to Georgia were Polyacetals ($1.38M), Refined Petroleum ($1.35M), and Fairground Amusements ($190k). During the last 5 years the exports of Oman to Georgia have increased at an annualized rate of 65%, from $261k in 2022 to $3.19M in 2017.

Exports from Georgia () to Oman () (2022)

Exports from Oman () to Georgia () (2022)

Latest Data

Trade between Georgia () and Oman ()

Georgia Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Georgia than Oman included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

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

Comparative Advantage Georgia - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Oman in the exports of Instruments ($94.3k), Chemical Products ($75.7k), and Foodstuffs ($29.3k).

During 2017, Oman had a large net trade with Georgia in the exports of Plastics and Rubbers ($1.38M), Mineral Products ($1.35M), and Miscellaneous ($232k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Oman+$17.8kBaked Goods

Top Product Potential Oman Georgia+$2.57MRefined 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 Georgia and Oman. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Oman () (2022)

Exports from Oman () to Georgia () (2022)

Latest Data

Trade between Georgia () and Oman ()

Georgia Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Georgia - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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