Oman (OMN) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Oman-Austria Trade: In 2022, Oman exported $1.21M to Austria. The main products that Oman exported to Austria were Raw Aluminium ($220k), Nitrogenous Fertilizers ($215k), and Cars ($146k). Over the past 5 years the exports of Oman to Austria have decreased at an annualized rate of 4.37%, from $1.51M in 2017 to $1.21M in 2022.

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

Austria-Oman Trade: In 2022, Austria exported $37.4M to Oman. The main products that Austria exported to Oman were Cars ($5.06M), Special purpose motor vehicles ($4.68M), and Valves ($2.31M). Over the past 5 years the exports of Austria to Oman have decreased at an annualized rate of 16.5%, from $92.1M in 2017 to $37.4M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $1.21M to Austria. The main products exported from Oman to Austria were Raw Aluminium ($220k), Nitrogenous Fertilizers ($215k), and Cars ($146k). During the last 5 years the exports of Oman to Austria have decreased at an annualized rate of 4.37%, from $1.51M in 2017 to $1.21M in 2022.

In 2017, Austria exported $37.4M to Oman. The main products exported from Austria to Oman were Cars ($5.06M), Special purpose motor vehicles ($4.68M), and Valves ($2.31M). During the last 5 years the exports of Austria to Oman have decreased at an annualized rate of 16.5%, from $92.1M in 2022 to $37.4M in 2017.

Exports from Oman () to Austria () (2022)

Exports from Austria () to Oman () (2022)

Latest Data

Trade between Oman () and Austria ()

Oman Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Austria
Top DestinationGermany$57.7B

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

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

In 2022, countries that imported more from Austria than Oman included Germany ($57.7B), Italy ($13.6B), and United States ($14.4B).

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

Comparative Advantage Oman - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Austria in the exports of Chemical Products ($335k), Metals ($303k), and Machines ($251k).

During 2017, Austria had a large net trade with Oman in the exports of Machines ($10.6M), Transportation ($10.1M), and Chemical Products ($3.39M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Austria+$787kNitrogenous Fertilizers

Top Product Potential Austria Oman+$8.21MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Austria () (2022)

Exports from Austria () to Oman () (2022)

Latest Data

Trade between Oman () and Austria ()

Oman Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Oman - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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