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2022 - 2023
FASTEST GROWING MARKETfalseChina
2022 - 2023
FASTEST GROWING ORIGINfalseN/A
2023
ECONOMIC COMPLEXITY of Papua New Guinea-1.63Rnk 127 / 132

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The fastest growing export markets for Refined Petroleum of Papua New Guinea between 2022 and 2023 were China ($13.3M), Singapore ($1.24M), and Australia ($9.79k).

Historical Data

Trade Balance

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Papua New Guinea WERE (2022 - 2023):
China$13.3M (16%)
Singapore$1.24M (4.26%)
Australia$9.79k (10.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Papua New Guinea WERE (2022 - 2023):
Japan-$138M (-70.8%)
South Korea-$52.6M (-100%)
Hong Kong-$25.4M (-50.8%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
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In 2023, Papua New Guinea's main exporting competitors in Refined Petroleum were:
United States $107B
Singapore $55.9B
India $55.8B
In 2023, Papua New Guinea's main importing competitors in Refined Petroleum were:
United States $68.8B
Singapore $55.7B
Australia $35.3B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $80.8M
N/AN/AN/A

Refined Petroleum’s highest export potential is China. With an export gap of $80.8M.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

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