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2020
Exports $81World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2020
Imports $12.7kWorld Rnk 103 / 130
Flag Rnk 874 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea-1.53Rnk 125 / 133

About

Imports In 2022, Papua New Guinea imported $12.7k in Iron Ore, becoming the 103rd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 874th most imported product in Papua New Guinea. Papua New Guinea imports Iron Ore primarily from: Malaysia ($12.7k).

The fastest growing import markets in Iron Ore for Papua New Guinea between 2021 and 2022 were Malaysia ($12.7k).

Latest Trends

Sep 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 Iron Ore. 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 (2020)$81
IMPORTS (2022)$12.7k
NET TRADE (2022)-$12.7k

In 2022, Papua New Guinea imported $12.7k in Iron Ore, mainly from Malaysia ($12.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
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In 2022, Papua New Guinea's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Papua New Guinea's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.25k
TOP IMPORT POTENTIALMalaysia+ $8.56k

Iron Ore’s highest export potential is China. With an export gap of $1.25k.   Iron Ore’s highest import potential is Malaysia with an import gap of $8.56k.

See methodology.

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