Oman (OMN) and Mexico (MEX) Trade | The Observatory of Economic Complexity

About

Oman-Mexico Trade: In 2022, Oman exported $125M to Mexico. The main products that Oman exported to Mexico were Nitrogenous Fertilizers ($95.7M), Raw Plastic Sheeting ($20.1M), and Aluminium Wire ($2.55M). Over the past 5 years the exports of Oman to Mexico have increased at an annualized rate of 57.8%, from $12.8M in 2017 to $125M in 2022.

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

Mexico-Oman Trade: In 2022, Mexico exported $22.1M to Oman. The main products that Mexico exported to Oman were Cars ($17.4M), Delivery Trucks ($695k), and Electrical Control Boards ($520k). Over the past 5 years the exports of Mexico to Oman have increased at an annualized rate of 0.76%, from $21.3M in 2017 to $22.1M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $125M to Mexico. The main products exported from Oman to Mexico were Nitrogenous Fertilizers ($95.7M), Raw Plastic Sheeting ($20.1M), and Aluminium Wire ($2.55M). During the last 5 years the exports of Oman to Mexico have increased at an annualized rate of 57.8%, from $12.8M in 2017 to $125M in 2022.

In 2017, Mexico exported $22.1M to Oman. The main products exported from Mexico to Oman were Cars ($17.4M), Delivery Trucks ($695k), and Electrical Control Boards ($520k). During the last 5 years the exports of Mexico to Oman have increased at an annualized rate of 0.76%, from $21.3M in 2022 to $22.1M in 2017.

Exports from Oman () to Mexico () (2022)

Exports from Mexico () to Oman () (2022)

Latest Data

Trade between Oman () and Mexico ()

Oman Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Oman than Mexico included China ($30.4B), India ($8.15B), and Saudi Arabia ($2.4B).

In 2022, countries that imported more from Mexico than Oman included United States ($421B), Canada ($22.2B), and Germany ($7.16B).

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

Comparative Advantage Oman - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Mexico in the exports of Chemical Products ($95.9M), Plastics and Rubbers ($23.1M), and Metals ($2.86M).

During 2017, Mexico had a large net trade with Oman in the exports of Transportation ($18.1M), Machines ($2.01M), and Chemical Products ($722k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Mexico+$8.25MRaw Plastic Sheeting

Top Product Potential Mexico Oman+$21.8MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Mexico () (2022)

Exports from Mexico () to Oman () (2022)

Latest Data

Trade between Oman () and Mexico ()

Oman Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Oman - Mexico

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring