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Saudi Arabia-Oman Bilateral Trade Analysis 2023

Complete trade statistics: $8.33B total volume •Saudi Arabia surplus: $1.60B

Saudi Arabia → Oman

$4.96B

Exports (2023)

Oman → Saudi Arabia

$3.36B

Imports (2023)

Trade Balance

$1.60B

Surplus for Saudi Arabia

Total Trade

$8.33B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Saudi Arabia and Oman. Green line shows exports from Saudi Arabia, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Saudi Arabia-Oman commercial relationship and competitive positioning in global markets.

Saudi Arabia → Oman Exports

$4.96B

2023 Total

Export Market Intelligence

Product Diversity:

Highly Diversified

Market Share:

60.3% top product

1Petroleum 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

$3.00B

60.3% of exports

2Ethers: acyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives, other than diethyl ether

$341.37M

6.9% of exports

3Alcohols: aromatic and derivatives, other than benzyl alcohol

$309.15M

6.2% of exports

4Vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods

$156.13M

3.1% of exports

5Washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale

$82.96M

1.7% of exports

6Alcohols: acyclic, diols: ethylene glycol (ethanediol)

$61.49M

1.2% of exports

7Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products

$51.60M

1.0% of exports

8Sanitary towels (pads) and tampons, napkins and napkin liners for babies and similar articles, of any material

$46.44M

0.9% of exports

9Dairy produce: cheese, processed (not grated or powdered)

$38.25M

0.8% of exports

10Vessels: light, fire-floats, floating cranes and other vessels, the navigability of which is subsidiary to their main function, floating docks

$28.50M

0.6% of exports

🎯 Strategic Export Focus

Saudi Arabia's export portfolio to Oman demonstrates strong diversification across multiple sectors, with 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 representing a key competitive advantage in this bilateral market.

Oman → Saudi Arabia Imports

$3.36B

2023 Total

Import Dependency Profile

Supply Diversity:

Well Diversified

Critical Imports:

18.4% concentration

1Iron ores and concentrates: agglomerated (excluding roasted iron pyrites)

$619.27M

18.4% of imports

2Iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight less than 0.25% of carbon, other than rectangular or square cross-section

$600.50M

17.9% of imports

3Petroleum 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

$354.35M

10.5% of imports

4Boring and sinking machinery: not self-propelled

$324.07M

9.6% of imports

5Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms

$224.18M

6.7% of imports

6Boring or sinking machinery: parts of the machinery of item no. 8430.41 or 8430.41

$179.84M

5.3% of imports

7Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified

$62.67M

1.9% of imports

8Iron or steel: articles n.e.c. in heading 7326

$58.19M

1.7% of imports

9Poly(ethylene terephthalate): in primary forms, having a viscosity of 78ml/g or higher

$57.22M

1.7% of imports

10Petroleum coke: calcined, obtained from bituminous minerals

$52.36M

1.6% of imports

📦 Import Strategy Analysis

Saudi Arabia's import pattern from Oman reveals strategic sourcingin iron ores and concentrates: agglomerated (excluding roasted iron pyrites), highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Saudi Arabia demonstrates competitive strength in exportingpetroleum 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 to Oman, leveraging comparative advantages.

Export Leader in 20+ Categories

🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced

📈

Growth Potential

The $8.33B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Saudi Arabia-Oman Trade Relationship

Key Trade Highlights 2023

Total Trade Volume: $8.33 billionrepresenting a significant bilateral economic relationship
Trade Balance: Saudi Arabia maintains a surplus of $1.60 billion
Export Focus: Saudi Arabia's primary exports include 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, ethers: acyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives, other than diethyl ether, alcohols: aromatic and derivatives, other than benzyl alcohol
Import Dependencies: Key imports from Oman include iron ores and concentrates: agglomerated (excluding roasted iron pyrites), iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight less than 0.25% of carbon, other than rectangular or square cross-section, 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

Strategic Trade Indicators

Trade IntensityHigh

Export DiversificationDiversified

Trade Balance HealthBalanced

📈 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 $8.33B 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 Saudi Arabia leveraging its comparative advantages in 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.

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

Saudi Arabia's specialization in 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 oilscomplements Oman's demand patterns, creating natural trade synergies.

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in iron ores and concentrates: agglomerated (excluding roasted iron pyrites).

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $8.33B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric

Seasonal VariationsModerate

Product ConcentrationLow

Market DependencyModerate

🔮

Trade Relationship Outlook

The $8.33B 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 $8.33 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate

🏭

Industrial Integration

Trade flows in 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 and iron ores and concentrates: agglomerated (excluding roasted iron pyrites) demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified

⚖️

Trade Balance Effects

Saudi Arabia's trade surplus of $1.60 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors

Technology transfer and innovation cooperation in ethers: acyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives, other than diethyl ether present expansion opportunities.

Market Diversification

Beyond current focus on iron ores and concentrates: agglomerated (excluding roasted iron pyrites), new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities

Moderate concentration in key sectors requires monitoring

Market Competition

Global competition in 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 may affect future market positioning.

🎯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 Saudi Arabia and Oman represents a total trade volume of $8.33 billion in 2023. This partnership demonstrates a favorable trade balance for Saudi Arabia, with exports exceeding importsby $1.60 billion.

Export Strengths

Saudi Arabia's exports to Oman total $4.96 billion, with competitive advantages in 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, representing $3.00B or60.3% of bilateral exports.

Import Dependencies

Imports from Oman amount to $3.36 billion, highlighting economic interdependence in iron ores and concentrates: agglomerated (excluding roasted iron pyrites), with Iron ores and concentrates: agglomerated (excluding roasted iron pyrites) comprising18.4% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Saudi Arabia's competitive position in this bilateral relationship. 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 Saudi Arabia and Oman in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023