India (IND) and Oman (OMN) Trade | The Observatory of Economic Complexity

About

India-Oman In 2022, India exported $4.22B to Oman. The main products that India exported to Oman are Refined Petroleum ($1.86B), Special Purpose Ships ($170M), and Rice ($134M). During the last 27 years the exports of India to Oman have increased at an annualized rate of 12.5%, from $177M in 1995 to $4.22B in 2022.

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

Oman-India In 2022, Oman exported $8.15B to India. The main products that Oman exported to India were Crude Petroleum ($3.64B), Nitrogenous Fertilizers ($1.26B), and Petroleum Gas ($1.09B). During the last 27 years the exports of Oman to India have increased at an annualized rate of 24.1%, from $24.1M in 1995 to $8.15B in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Oman ranked 68 in the Economic Complexity Index (ECI -0.15), and 50 in total exports ($76.4B).

Latest Trends

January, 2024

About

Overview In January 2024, India exported $346M and imported $384M from Oman, resulting in a negative trade balance of $38M. Between January 2023 and January 2024 the exports of India have increased by $24.5M (7.62%) from $321M to $346M, while imports decreased by $-136M (-26.1%) from $519M to $384M.

Trade In January 2024, the top exports of India to Oman were Petroleum Products ($146M), Processed Minerals ($24.4M), Rice -Basmoti ($15M), Iron And Steel ($13.9M), and Ship, Boat And Floating Struct ($9.93M). In January 2024 the top imports of India from Oman were Fertilezers Manufactured ($118M), Petroleum Products ($92.5M), Ship, Boat And Floating Struct ($77.5M), Other Commodities ($45.2M), and Petroleum: Crude ($43.5M).

Growth In January 2024, the increase in India's year-by-year exports to Oman was explained primarily by an increase in product exports in Processed Minerals ($22.1M or 964%), Petroleum Products ($16.4M or 12.6%), and Ship, Boat And Floating Struct ($9.91M or 61.8k%). In January 2024, the decrease in India's year-by-year imports from Oman was explained primarily by an decrease in product imports in Petroleum: Crude ($-321M or -88.1%), Sulpher, Unroasted Iron Pyrite ($-9.86M or -49%), and Petroleum Products ($-8.77M or -8.66%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$24.5M(7.62%)

IMPORT GROWTH (January 2023 - January 2024)$-136M(-26.1%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Oman and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and India Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $4.22B to Oman. The main products exported from India to Oman were Refined Petroleum ($1.86B), Special Purpose Ships ($170M), and Rice ($134M). During the last 27 years the exports of India to Oman have increased at an annualized rate of 12.5%, from $177M in 1995 to $4.22B in 2022.

In 2022, Oman exported $8.15B to India. The main products exported from Oman to India were Crude Petroleum ($3.64B), Nitrogenous Fertilizers ($1.26B), and Petroleum Gas ($1.09B). During the last 27 years the exports of Oman to India have increased at an annualized rate of 24.1%, from $24.1M in 1995 to $8.15B in 2022.

Exports from India () to Oman () (2022)

Exports from Oman () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Oman
Top DestinationChina$30.4B

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

In 2021, countries that imported more from India than Oman were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Oman than India were China ($30.4B) and Saint Barthélemy ($34.9k).

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

Comparative Advantage India - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Oman in the exports of Mineral Products ($2.02B), Metals ($379M), and Chemical Products ($356M).

During 2022, Oman had a large net trade with India in the exports of Mineral Products ($5.28B), Chemical Products ($1.52B), and Transportation ($576M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Oman. Similarly, the more yellow a dot/product is, the more Oman has comparative advantage over India.

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from India () to Oman () (2022)

Exports from Oman () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Oman

Economic Complexity

Competitive Landscape

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

Keep Exploring