2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
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GDP GROWTH
31.2%CURRENT US$
Rnk 97 / 186
2022
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GDP PC 
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC
$25,057CURRENT US$
Rnk 43 / 186
2012-2022
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GDP PC GROWTH
1.35%CURRENT US$
Rnk 136 / 186

About

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.

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 49.9%,  from $119M in 2017 to $2.02B in 2022.

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

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $511M in 2022.

In 2017, 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 49.9%, from $119M in 2022 to $2.02B in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Oman (Flag)

Thailand Exports

Oman Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Oman
Top Destination
China$30.4B

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

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

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

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

Comparative Advantage Thailand - Oman

Flow
Scale

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

During 2022, Thailand had a large net trade with Oman in the exports of Transportation ($267M), Chemical Products ($108M), and Machines ($64.1M).

During 2017, Oman had a large net trade with Thailand in the exports of Mineral Products ($1.18B), Metals ($722M), and Chemical Products ($72.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Oman+$26.6MCars
Top Product Potential Oman Thailand+$255MCrude Petroleum

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

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

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