2022
Exports
$698kWorld Rnk 59 / 153
Flag Rnk 433 / 1042
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2022
Imports
$420kWorld Rnk 97 / 197
Flag Rnk 883 / 1175
2022
ECONOMIC COMPLEXITY of Oman
-0.19Rnk 75 / 133

About

Exports In 2022, Oman exported $698k in Insect Resins, making it the 59th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 433rd most exported product in Oman. The main destination of Insect Resins exports from Oman are: United Arab Emirates ($170k), Saudi Arabia ($160k), Kuwait ($81.6k), Bahrain ($64.2k), and Qatar ($51.2k).

The fastest growing export markets for Insect Resins of Oman between 2021 and 2022 were United Arab Emirates ($124k), Kuwait ($38.3k), and Bahrain ($31k).

Imports In 2022, Oman imported $420k in Insect Resins, becoming the 97th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 883rd most imported product in Oman. Oman imports Insect Resins primarily from: India ($254k), United Arab Emirates ($120k), Somalia ($15.7k), Jordan ($13k), and Denmark ($11.3k).

The fastest growing import markets in Insect Resins for Oman between 2021 and 2022 were India ($70.8k), United Arab Emirates ($31.4k), and Somalia ($15.7k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Insect Resins. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$698k
IMPORTS (2022)$420k
NET TRADE (2022)$277k

In 2022, Oman exported $698k in Insect Resins. The main destinations of Oman exports on Insect Resins were United Arab Emirates ($170k), Saudi Arabia ($160k), Kuwait ($81.6k), Bahrain ($64.2k), and Qatar ($51.2k).

In 2022, Oman imported $420k in Insect Resins, mainly from India ($254k), United Arab Emirates ($120k), Somalia ($15.7k), Jordan ($13k), and Denmark ($11.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Oman WERE (2021 - 2022):
Kuwait$38.3k (88.6%)
Bahrain$31k (93.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Oman WERE (2021 - 2022):
Somalia-$142k (-80.9%)
Austria-$34.6k (-72.3%)
United States-$24.8k (-59.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Oman's main exporting competitors in Insect Resins were:
In 2022, Oman's main importing competitors in Insect Resins were:

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $36.6k
TOP IMPORT POTENTIALIndia+ $63k

Insect Resins’s highest export potential is United Arab Emirates. With an export gap of $36.6k.   Insect Resins’s highest import potential is India with an import gap of $63k.

See methodology.

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