2022
Exports
$24.2kWorld Rnk 178 / 208
Flag Rnk 180 / 473
2022
PRODUCT COMPLEXITY IN Iron Structures
0.5Rnk 363 / 1025
2022
Imports
$57.8MWorld Rnk 109 / 224
Flag Rnk 16 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $24.2k in Iron Structures, making it the 178th largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 180th most exported product in Papua New Guinea. The main destination of Iron Structures exports from Papua New Guinea are: Australia ($23.2k) and New Zealand ($1.03k).

The fastest growing export markets for Iron Structures of Papua New Guinea between 2021 and 2022 were Australia ($8.8k) and New Zealand ($1.03k).

Imports In 2022, Papua New Guinea imported $57.8M in Iron Structures, becoming the 109th largest importer of Iron Structures in the world. At the same year, Iron Structures was the 16th most imported product in Papua New Guinea. Papua New Guinea imports Iron Structures primarily from: China ($46.7M), Australia ($6.82M), Malaysia ($1.69M), United Kingdom ($1.25M), and Thailand ($405k).

The fastest growing import markets in Iron Structures for Papua New Guinea between 2021 and 2022 were China ($21.4M), Australia ($706k), and Malaysia ($484k).

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 Iron Structures. 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)$24.2k
IMPORTS (2022)$57.8M
NET TRADE (2022)-$57.7M

In 2022, Papua New Guinea exported $24.2k in Iron Structures. The main destinations of Papua New Guinea exports on Iron Structures were Australia ($23.2k) and New Zealand ($1.03k).

In 2022, Papua New Guinea imported $57.8M in Iron Structures, mainly from China ($46.7M), Australia ($6.82M), Malaysia ($1.69M), United Kingdom ($1.25M), and Thailand ($405k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Structures EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Australia$8.8k (61.3%)
New Zealand$1.03k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Structures BY Papua New Guinea WERE (2021 - 2022):
Indonesia-$3.93k (-100%)
China-$1.83k (-100%)
South Korea-$1.81k (-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 Iron Structures were:
China $18.3B
Germany $5.23B
Poland $3.63B
In 2022, Papua New Guinea's main importing competitors in Iron Structures were:

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Trade Value of Iron Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $26.1k
TOP IMPORT POTENTIALChina+ $1.19M

Iron Structures’s highest export potential is Australia. With an export gap of $26.1k.   Iron Structures’s highest import potential is China with an import gap of $1.19M.

See methodology.

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