2022
Exports
$23.5kWorld Rnk 117 / 156
Flag Rnk 183 / 473
2022
PRODUCT COMPLEXITY IN Drilling Machines
1.13Rnk 123 / 1025
2022
Imports
$3.04MWorld Rnk 73 / 210
Flag Rnk 251 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $23.5k in Drilling Machines, making it the 117th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 183rd most exported product in Papua New Guinea. The main destination of Drilling Machines exports from Papua New Guinea are: India ($23.1k) and Philippines ($444).

The fastest growing export markets for Drilling Machines of Papua New Guinea between 2021 and 2022 were India ($23.1k).

Imports In 2022, Papua New Guinea imported $3.04M in Drilling Machines, becoming the 73rd largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 251st most imported product in Papua New Guinea. Papua New Guinea imports Drilling Machines primarily from: Australia ($2.79M), United Kingdom ($123k), China ($76.2k), United Arab Emirates ($31.6k), and Chinese Taipei ($15.9k).

The fastest growing import markets in Drilling Machines for Papua New Guinea between 2021 and 2022 were Australia ($1.29M), United Kingdom ($123k), and United Arab Emirates ($31.6k).

Latest Trends

Oct 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 Drilling Machines. 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)$23.5k
IMPORTS (2022)$3.04M
NET TRADE (2022)-$3.02M

In 2022, Papua New Guinea exported $23.5k in Drilling Machines. The main destinations of Papua New Guinea exports on Drilling Machines were India ($23.1k) and Philippines ($444).

In 2022, Papua New Guinea imported $3.04M in Drilling Machines, mainly from Australia ($2.79M), United Kingdom ($123k), China ($76.2k), United Arab Emirates ($31.6k), and Chinese Taipei ($15.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):India$23.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Papua New Guinea WERE (2021 - 2022):
Australia-$14.1k (-100%)
New Zealand-$3.19k (-100%)
Philippines-$1.68k (-79.1%)

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 Drilling Machines were:
In 2022, Papua New Guinea's main importing competitors in Drilling Machines were:

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $16.2k
TOP IMPORT POTENTIALChina+ $108k

Drilling Machines’s highest export potential is India. With an export gap of $16.2k.   Drilling Machines’s highest import potential is China with an import gap of $108k.

See methodology.

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