2022
Exports
$1.22BWorld Rnk 25 / 210
Flag Rnk 3 / 89
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$91.1MWorld Rnk 128 / 224
Flag Rnk 15 / 96
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $1.22B in Animal or vegetable fats, oils, & waxes, making it the 25th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 3rd most exported product in Papua New Guinea. The main destination of Animal or vegetable fats, oils, & waxes exports from Papua New Guinea are: India ($428M), Netherlands ($409M), United Kingdom ($191M), Malaysia ($125M), and Germany ($35.1M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Papua New Guinea between 2021 and 2022 were India ($223M), United Kingdom ($86.6M), and Malaysia ($33.8M).

Imports In 2022, Papua New Guinea imported $91.1M in Animal or vegetable fats, oils, & waxes, becoming the 128th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 15th most imported product in Papua New Guinea. Papua New Guinea imports Animal or vegetable fats, oils, & waxes primarily from: Malaysia ($60.8M), Indonesia ($19.5M), Australia ($5.7M), Spain ($2.08M), and Italy ($1.18M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Papua New Guinea between 2021 and 2022 were Malaysia ($20.5M), Australia ($1.65M), and Italy ($710k).

COMPANIES In 2023, leading companies such as Rothfos (1) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Papua New Guinea to the United States.

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 Animal or vegetable fats, oils, & waxes. 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)$1.22B
IMPORTS (2022)$91.1M
NET TRADE (2022)$1.13B

In 2022, Papua New Guinea exported $1.22B in Animal or vegetable fats, oils, & waxes. The main destinations of Papua New Guinea exports on Animal or vegetable fats, oils, & waxes were India ($428M), Netherlands ($409M), United Kingdom ($191M), Malaysia ($125M), and Germany ($35.1M).

In 2022, Papua New Guinea imported $91.1M in Animal or vegetable fats, oils, & waxes, mainly from Malaysia ($60.8M), Indonesia ($19.5M), Australia ($5.7M), Spain ($2.08M), and Italy ($1.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
India$223M (109%)
United Kingdom$86.6M (82.8%)
Malaysia$33.8M (37.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Papua New Guinea WERE (2021 - 2022):
Switzerland-$124M (-98%)
Belgium-$53.8M (-68%)
Singapore-$32M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Papua New Guinea's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Papua New Guinea's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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View
TOP EXPORT POTENTIALIndia+ $44.2M
TOP IMPORT POTENTIALIndonesia+ $12.1M

Animal or vegetable fats, oils, & waxes’s highest export potential is India. With an export gap of $44.2M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Indonesia with an import gap of $12.1M.

See methodology.

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