Oman-Iraq Bilateral Trade Analysis 2023
Complete trade statistics: $472.07M total volume •Oman deficit: $472.07M
Oman → Iraq
$0
Exports (2023)
Iraq → Oman
$472.07M
Imports (2023)
Trade Balance
$472.07M
Deficit for Oman
Total Trade
$472.07M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Oman and Iraq. Green line shows exports from Oman, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Oman-Iraq commercial relationship and competitive positioning in global markets.
Oman → Iraq Exports
Export Market Intelligence
🎯 Strategic Export Focus
Oman's export portfolio to Iraq demonstrates strategic specialization, with dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) representing a key competitive advantage in this bilateral market.
Iraq → Oman Imports
Import Dependency Profile
📦 Import Strategy Analysis
Oman's import pattern from Iraq reveals significant dependencyin petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Oman demonstrates competitive strength in exportingdairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) to Iraq, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $472.07M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Oman-Iraq Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $472.07 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Oman maintains a deficit of $472.07 million
- Export Focus: Oman's primary exports include dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight), poly(ethylene terephthalate): in primary forms, having a viscosity of 78ml/g or higher, plastics: tubes, pipes and hoses thereof, rigid, of polymers of ethylene
- Import Dependencies: Key imports from Iraq include petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $472.07M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Oman leveraging its comparative advantages in dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Oman's specialization in dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)complements Iraq's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $472.07M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $472.07M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $472.07 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) and petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Oman's trade deficit of $472.07 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Oman and Iraq represents a total trade volume of $472.07 million in 2023. This partnership demonstrates an unfavorable trade balance for Oman, with imports exceeding exportsby $472.07 million.
Export Strengths
Oman's exports to Iraq total $0.00, with competitive advantages in dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight), representing $54.09M orInfinity% of bilateral exports.
Import Dependencies
Imports from Iraq amount to $472.07 million, highlighting economic interdependence in petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711, with Petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711 comprising36.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Oman's strategic sourcing from Iraq. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Oman and Iraq in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023