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2022
Flag → Flag
Exports $372MRnk 88 / 221
2022
Flag → Flag
Top Product $32.2MValves
2022
Flag → Flag
Exports $359MRnk 25 / 171
2022
Flag → Flag
Top Product $189MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Italy-Oman Trade: In 2022, Italy exported $372M to Oman. The main products that Italy exported to Oman were Valves ($32.2M), Cars ($22.5M), and Metal-Rolling Mills ($15M). Over the past 5 years the exports of Italy to Oman have decreased at an annualized rate of 12.1%, from $711M in 2017 to $372M in 2022.

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

Oman-Italy Trade: In 2022, Oman exported $359M to Italy. The main products that Oman exported to Italy were Petroleum Gas ($189M), Raw Aluminium ($44.4M), and Refined Petroleum ($42.6M). Over the past 5 years the exports of Oman to Italy have increased at an annualized rate of 15.9%,  from $71.1M in 2017 to $359M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €24.7M and imported €8.32M from Oman, resulting in a positive trade balance of €16.4M. Between March 2023 and March 2024 the exports of Italy have increased by €5.52M (28.8%) from €19.2M to €24.7M, while imports increased by €3.34M (67.1%) from €4.98M to €8.32M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)€5.52M(28.8%)
IMPORT GROWTH (March 2023 - March 2024)€3.34M(67.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Oman and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $372M to Oman. The main products exported from Italy to Oman were Valves ($32.2M), Cars ($22.5M), and Metal-Rolling Mills ($15M). During the last 5 years the exports of Italy to Oman have decreased at an annualized rate of 12.1%, from $711M in 2017 to $372M in 2022.

In 2017, Oman exported $359M to Italy. The main products exported from Oman to Italy were Petroleum Gas ($189M), Raw Aluminium ($44.4M), and Refined Petroleum ($42.6M). During the last 5 years the exports of Oman to Italy have increased at an annualized rate of 15.9%, from $71.1M in 2022 to $359M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Italy than Oman included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Oman than Italy included China ($30.4B), India ($8.15B), and Mauritius ($544M).

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

Comparative Advantage Italy - Oman

Flow
Scale

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

During 2022, Italy had a large net trade with Oman in the exports of Machines ($196M), Transportation ($30.7M), and Metals ($27.7M).

During 2017, Oman had a large net trade with Italy in the exports of Mineral Products ($232M), Metals ($64.3M), and Plastics and Rubbers ($31.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Oman+$21.6MCars
Top Product Potential Oman Italy+$183MPetroleum 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 Italy and Oman. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Italy.

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

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