Oman (OMN) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Oman-Cyprus Trade: In 2022, Oman exported $1.55M to Cyprus. The main products that Oman exported to Cyprus were Insulated Wire ($872k), Other Steel Bars ($400k), and Building Stone ($113k). Over the past 5 years the exports of Oman to Cyprus have decreased at an annualized rate of 6.37%, from $2.15M in 2017 to $1.55M in 2022.

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

Cyprus-Oman Trade: In 2022, Cyprus exported $7.73M to Oman. The main products that Cyprus exported to Oman were Packaged Medicaments ($3.97M), Cheese ($1.12M), and Sheep and Goat Meat ($489k). Over the past 5 years the exports of Cyprus to Oman have increased at an annualized rate of 10.1%, from $4.78M in 2017 to $7.73M in 2022.

In 2022, Cyprus 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, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $1.55M to Cyprus. The main products exported from Oman to Cyprus were Insulated Wire ($872k), Other Steel Bars ($400k), and Building Stone ($113k). During the last 5 years the exports of Oman to Cyprus have decreased at an annualized rate of 6.37%, from $2.15M in 2017 to $1.55M in 2022.

In 2017, Cyprus exported $7.73M to Oman. The main products exported from Cyprus to Oman were Packaged Medicaments ($3.97M), Cheese ($1.12M), and Sheep and Goat Meat ($489k). During the last 5 years the exports of Cyprus to Oman have increased at an annualized rate of 10.1%, from $4.78M in 2022 to $7.73M in 2017.

Exports from Oman () to Cyprus () (2022)

Exports from Cyprus () to Oman () (2022)

Latest Data

Trade between Oman () and Cyprus ()

Oman Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Cyprus
Top DestinationHong Kong$482M

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

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

In 2022, countries that imported more from Cyprus than Oman included Greece ($471M), Hong Kong ($482M), and Lebanon ($329M).

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

Comparative Advantage Oman - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Cyprus in the exports of Machines ($900k), Metals ($408k), and Stone And Glass ($188k).

During 2017, Cyprus had a large net trade with Oman in the exports of Chemical Products ($4.48M), Animal Products ($1.61M), and Foodstuffs ($606k).

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

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Historical Data

Bilateral Trade by Products

Exports from Oman () to Cyprus () (2022)

Exports from Cyprus () to Oman () (2022)

Latest Data

Trade between Oman () and Cyprus ()

Oman Exports

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Oman - Cyprus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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