Oman (OMN) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Oman-Thailand Trade: In 2022, Oman exported $2.02B to Thailand. The main products that Oman exported to Thailand were Petroleum Gas ($955M), Semi-Finished Iron ($710M), and Crude Petroleum ($221M). Over the past 5 years the exports of Oman to Thailand have increased at an annualized rate of 76.2%, from $119M in 2017 to $2.02B in 2022.

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

Thailand-Oman Trade: In 2022, Thailand exported $511M to Oman. The main products that Thailand exported to Oman were Delivery Trucks ($131M), Cars ($123M), and Polycarboxylic Acids ($103M). Over the past 5 years the exports of Thailand to Oman have decreased at an annualized rate of 2.13%, from $569M in 2017 to $511M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $2.02B to Thailand. The main products exported from Oman to Thailand were Petroleum Gas ($955M), Semi-Finished Iron ($710M), and Crude Petroleum ($221M). During the last 5 years the exports of Oman to Thailand have increased at an annualized rate of 76.2%, from $119M in 2017 to $2.02B in 2022.

In 2017, Thailand exported $511M to Oman. The main products exported from Thailand to Oman were Delivery Trucks ($131M), Cars ($123M), and Polycarboxylic Acids ($103M). During the last 5 years the exports of Thailand to Oman have decreased at an annualized rate of 2.13%, from $569M in 2022 to $511M in 2017.

Exports from Oman () to Thailand () (2022)

Exports from Thailand () to Oman () (2022)

Latest Data

Trade between Oman () and Thailand ()

Oman Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Oman than Thailand included Qatar ($1.09B), Mauritius ($544M), and Iran ($539M).

In 2022, countries that imported more from Thailand than Oman included United States ($53.4B), Japan ($24.6B), and Vietnam ($13.4B).

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

Comparative Advantage Oman - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Thailand in the exports of Mineral Products ($1.18B), Metals ($722M), and Chemical Products ($72.6M).

During 2017, Thailand had a large net trade with Oman in the exports of Transportation ($267M), Chemical Products ($108M), and Machines ($64.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Thailand+$255MCrude Petroleum

Top Product Potential Thailand Oman+$26.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Thailand () (2022)

Exports from Thailand () to Oman () (2022)

Latest Data

Trade between Oman () and Thailand ()

Oman Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Oman - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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