2022
Flag  
GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH
1.35%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Oman-Ecuador Trade: In 2022, Oman exported $1.76M to Ecuador. The main products that Oman exported to Ecuador were Ethylene Polymers ($538k), Propylene Polymers ($404k), and Fish oil ($369k). Over the past 5 years the exports of Oman to Ecuador have increased at an annualized rate of 39.2%, from $337k in 2017 to $1.76M in 2022.

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

Ecuador-Oman Trade: In 2022, Ecuador exported $4.96M to Oman. The main products that Ecuador exported to Oman were Bananas ($4.52M), Confectionery Sugar ($413k), and Cut Flowers ($8.87k). Over the past 5 years the exports of Ecuador to Oman have increased at an annualized rate of 40.8%,  from $895k in 2017 to $4.96M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $1.76M to Ecuador. The main products exported from Oman to Ecuador were Ethylene Polymers ($538k), Propylene Polymers ($404k), and Fish oil ($369k). During the last 5 years the exports of Oman to Ecuador have increased at an annualized rate of 39.2%, from $337k in 2017 to $1.76M in 2022.

In 2017, Ecuador exported $4.96M to Oman. The main products exported from Ecuador to Oman were Bananas ($4.52M), Confectionery Sugar ($413k), and Cut Flowers ($8.87k). During the last 5 years the exports of Ecuador to Oman have increased at an annualized rate of 40.8%, from $895k in 2022 to $4.96M in 2017.

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

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

Latest Data

Trade between Oman (Flag) and Ecuador (Flag)

Oman Exports

Ecuador Exports

Market Competitiveness

Color
Oman
Top Destination
China$30.4B
Ecuador
Top Destination
United States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Oman included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

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

Comparative Advantage Oman - Ecuador

Flow
Scale

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

During 2022, Oman had a large net trade with Ecuador in the exports of Plastics and Rubbers ($948k), Animal and Vegetable Bi-Products ($369k), and Metals ($244k).

During 2017, Ecuador had a large net trade with Oman in the exports of Vegetable Products ($4.53M), Foodstuffs ($413k), and Machines ($8.13k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Ecuador+$545kPropylene Polymers
Top Product Potential Ecuador Oman+$268kBananas

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

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

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