Iceland (ISL) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Iceland-Oman Trade: In 2022, Iceland exported $282k to Oman. The main products that Iceland exported to Oman were Sheep and Goat Meat ($56.6k), Non-fillet Frozen Fish ($54.3k), and Surveying Equipment ($50.7k). Over the past 5 years the exports of Iceland to Oman have increased at an annualized rate of 53.6%, from $33k in 2017 to $282k in 2022.

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

Oman-Iceland Trade: In 2022, Oman exported $7.51k to Iceland. The main products that Oman exported to Iceland were Crustaceans ($3.36k), Motor vehicles; parts and accessories (8701 to 8705) ($1.5k), and Electric Batteries ($1.49k). Over the past 5 years the exports of Oman to Iceland have decreased at an annualized rate of 17.4%, from $19.5k in 2017 to $7.51k in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $282k to Oman. The main products exported from Iceland to Oman were Sheep and Goat Meat ($56.6k), Non-fillet Frozen Fish ($54.3k), and Surveying Equipment ($50.7k). During the last 5 years the exports of Iceland to Oman have increased at an annualized rate of 53.6%, from $33k in 2017 to $282k in 2022.

In 2017, Oman exported $7.51k to Iceland. The main products exported from Oman to Iceland were Crustaceans ($3.36k), Motor vehicles; parts and accessories (8701 to 8705) ($1.5k), and Electric Batteries ($1.49k). During the last 5 years the exports of Oman to Iceland have decreased at an annualized rate of 17.4%, from $19.5k in 2022 to $7.51k in 2017.

Exports from Iceland () to Oman () (2022)

Exports from Oman () to Iceland () (2022)

Latest Data

Trade between Iceland () and Oman ()

Iceland Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Iceland than Oman included Netherlands ($1.97B), Germany ($573M), and Norway ($459M).

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

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

Comparative Advantage Iceland - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Oman in the exports of Animal Products ($111k), Instruments ($92.8k), and Machines ($52.3k).

During 2017, Oman had a large net trade with Iceland in the exports of Animal Products ($3.36k), Machines ($1.67k), and Transportation ($1.5k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Oman () (2022)

Exports from Oman () to Iceland () (2022)

Latest Data

Trade between Iceland () and Oman ()

Iceland Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Iceland - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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