I think "Orientalism" which is most closely associated with Edward Said's book of the same, goes beyond "interpretations of the Eastern World in art." That's certainly a part of it, and there is the "orientalist" art style, for example (NSFW-ish) the artistic subject of the "odalisque".

But Said's point goes beyond that, of Orientalism as a way of depicting, representing, describing the Orient (by which he meant, in keeping with the European understanding of the word, specifically what we would today call "The Middle East" and excluding East Asia), as a means of controlling it. In this he's working off of the works of people like Foucault, which is that to have the power over description is to have power of control.

In this conception, a corresponding "Occidentalism," that is, Oriental descriptions of the West, wouldn't actually be possible, because of the power differential between the two regions, in which West has been dominant and East controlled/colonized/subjugated.

The validity of this idea, both specifically in regards to orientalism, or generally in regards to this power dynamic question, remains a point of debate. I think if there's anything like a current consensus it's that whether or not "occidentalism" is real, that Said massively overstates his case about the academic field that had previously been known as Orientalism and is now, with tail between legs, more commonly placed as "Arabic Studies" or "Islamic Studies" or "Middle East Studies", etc. Nonetheless, the people Said was criticizing remain no less critical for their actual scholarly influence and works. As a result, Said's principle influence has actually been in literary studies and social science, where these kinds of ideas about post-colonialism and identity, and power imbalances remain most powerfully in vogue; rather than in actual "Oriental Studies" (namely, the study of Islam and the Middle East), where he's read, and his arguments cited in order to rebut the charge of racism or imperialism, but who didn't actually contribute all that much to the field.

Leaving aside that academic description of "Orientalism," to get to your specific question about Oriental art works that depict or interpret the Western world, yes, these do certainly exist--bearing in mind the differences in "artistic" taste, in which representational painting/drawing just isn't really a thing in Islamic culture.

So perhaps the best known literary example (in large part for being so early) are the 19th century literary writings of Rifa'a al-Tahtawi, an Egyptian who was sent on a mission to Paris and wrote about his experiences.

As a genre, Arab or "oriental" encounters with the west continue up through the 20th century. So to give a much later example, the Islamist thinker Sayid Qutb (who is often cited as being one of the most influential thinkers among contemporary terrorist movements) wrote his reflections on being a teacher in Greeley, Colorado as leading him to conclude that the West was irreparably depraved.

As a result of writings like this, I think if anything the more interesting discussions right now are about to what extent there is an "occidentalism" that corresponds to or might even be equal to Said's "Orientalism" and what impact that "Occidentalism" has had on contemporary thought in the region, including, e.g., the rise of terrorist movements or the popularity of political Islamism.