2023
Exports
$4.31MWorld Rnk 93 / 221
Flag Rnk 35 / 451
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$124MWorld Rnk 67 / 224
Flag Rnk 4 / 1030
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Exports In 2023, Papua New Guinea exported $4.31M in Excavation Machinery, making it the 93rd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 35th most exported product in Papua New Guinea. The main destination of Excavation Machinery exports from Papua New Guinea are: Australia ($4.17M), Singapore ($64.2k), Austria ($42.8k), Malaysia ($22.9k), and Philippines ($8.13k).

The fastest growing export markets for Excavation Machinery of Papua New Guinea between 2022 and 2023 were Australia ($1.7M), Singapore ($16.9k), and Chile ($411).

Imports In 2023, Papua New Guinea imported $124M in Excavation Machinery, becoming the 67th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 4th most imported product in Papua New Guinea. Papua New Guinea imports Excavation Machinery primarily from: Australia ($65.1M), Singapore ($20.8M), United States ($11.2M), Malaysia ($10.5M), and China ($6.03M).

The fastest growing import markets in Excavation Machinery for Papua New Guinea between 2022 and 2023 were Malaysia ($4.97M), Singapore ($3.58M), and India ($2.23M).

Latest Trends

Jan 2025

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 Excavation Machinery. 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 (2023)$4.31M
IMPORTS (2023)$124M
NET TRADE (2023)-$120M

In 2023, Papua New Guinea exported $4.31M in Excavation Machinery. The main destinations of Papua New Guinea exports on Excavation Machinery were Australia ($4.17M), Singapore ($64.2k), Austria ($42.8k), Malaysia ($22.9k), and Philippines ($8.13k).

In 2023, Papua New Guinea imported $124M in Excavation Machinery, mainly from Australia ($65.1M), Singapore ($20.8M), United States ($11.2M), Malaysia ($10.5M), and China ($6.03M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Papua New Guinea WERE (2022 - 2023):
Australia$1.7M (68.7%)
Singapore$16.9k (35.7%)
Chile$411 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Papua New Guinea WERE (2022 - 2023):
Indonesia-$30.7k (-100%)
Malaysia-$16.3k (-41.6%)
Spain-$15.8k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Papua New Guinea's main exporting competitors in Excavation Machinery were:
In 2023, Papua New Guinea's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALAustralia+ $443k
TOP IMPORT POTENTIALChina+ $6.03M

Excavation Machinery’s highest export potential is Australia. With an export gap of $443k.   Excavation Machinery’s highest import potential is China with an import gap of $6.03M.

See methodology.

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