2022
Exports
$31.6kWorld Rnk 152 / 218
Flag Rnk 173 / 473
2022
PRODUCT COMPLEXITY IN Other Hand Tools
1.51Rnk 50 / 1025
2022
Imports
$10.9MWorld Rnk 86 / 224
Flag Rnk 108 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $31.6k in Other Hand Tools, making it the 152nd largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 173rd most exported product in Papua New Guinea. The main destination of Other Hand Tools exports from Papua New Guinea are: Australia ($22.1k), Thailand ($4.07k), Malaysia ($2.35k), Philippines ($1.64k), and Timor-Leste ($748).

The fastest growing export markets for Other Hand Tools of Papua New Guinea between 2021 and 2022 were Thailand ($4.07k), Timor-Leste ($748), and South Africa ($252).

Imports In 2022, Papua New Guinea imported $10.9M in Other Hand Tools, becoming the 86th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 108th most imported product in Papua New Guinea. Papua New Guinea imports Other Hand Tools primarily from: Australia ($6.16M), Malaysia ($2.17M), China ($2.1M), Singapore ($102k), and Chinese Taipei ($91k).

The fastest growing import markets in Other Hand Tools for Papua New Guinea between 2021 and 2022 were Australia ($1.51M), Malaysia ($1.28M), and China ($86.7k).

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 Other Hand Tools. 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)$31.6k
IMPORTS (2022)$10.9M
NET TRADE (2022)-$10.9M

In 2022, Papua New Guinea exported $31.6k in Other Hand Tools. The main destinations of Papua New Guinea exports on Other Hand Tools were Australia ($22.1k), Thailand ($4.07k), Malaysia ($2.35k), Philippines ($1.64k), and Timor-Leste ($748).

In 2022, Papua New Guinea imported $10.9M in Other Hand Tools, mainly from Australia ($6.16M), Malaysia ($2.17M), China ($2.1M), Singapore ($102k), and Chinese Taipei ($91k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Thailand$4.07k (1%)
Timor-Leste$748 (1%)
South Africa$252 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Papua New Guinea WERE (2021 - 2022):
Slovakia-$14k (-100%)
Australia-$5.68k (-20.5%)
United States-$5.58k (-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 Other Hand Tools were:
In 2022, Papua New Guinea's main importing competitors in Other Hand Tools were:

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $12.5k
TOP IMPORT POTENTIALChina+ $1.09M

Other Hand Tools’s highest export potential is Australia. With an export gap of $12.5k.   Other Hand Tools’s highest import potential is China with an import gap of $1.09M.

See methodology.

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