2023
Exports
$7.27MWorld Rnk 126 / 207
Flag Rnk 25 / 451
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$177kWorld Rnk 113 / 177
Flag Rnk 606 / 1030
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Exports In 2023, Papua New Guinea exported $7.27M in Scrap Iron, making it the 126th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 25th most exported product in Papua New Guinea. The main destination of Scrap Iron exports from Papua New Guinea are: Singapore ($2.34M), Indonesia ($1.69M), Malaysia ($1.41M), India ($1.12M), and Australia ($507k).

The fastest growing export markets for Scrap Iron of Papua New Guinea between 2022 and 2023 were Malaysia ($1.36M), India ($434k), and Australia ($374k).

Imports In 2023, Papua New Guinea imported $177k in Scrap Iron, becoming the 113th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 606th most imported product in Papua New Guinea. Papua New Guinea imports Scrap Iron primarily from: Australia ($177k).

The fastest growing import markets in Scrap Iron for Papua New Guinea between 2022 and 2023 were Australia ($136k).

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 Scrap Iron. 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)$7.27M
IMPORTS (2023)$177k
NET TRADE (2023)$7.09M

In 2023, Papua New Guinea exported $7.27M in Scrap Iron. The main destinations of Papua New Guinea exports on Scrap Iron were Singapore ($2.34M), Indonesia ($1.69M), Malaysia ($1.41M), India ($1.12M), and Australia ($507k).

In 2023, Papua New Guinea imported $177k in Scrap Iron, mainly from Australia ($177k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Papua New Guinea WERE (2022 - 2023):
Malaysia$1.36M (2.54k%)
India$434k (63.7%)
Australia$374k (280%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Papua New Guinea WERE (2022 - 2023):
Singapore-$444k (-16%)
South Korea-$85.9k (-100%)
Pakistan-$14.3k (-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 Scrap Iron were:
In 2023, Papua New Guinea's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.31M
TOP IMPORT POTENTIALAustralia+ $44.5k

Scrap Iron’s highest export potential is India. With an export gap of $1.31M.   Scrap Iron’s highest import potential is Australia with an import gap of $44.5k.

See methodology.

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