2022
Exports
$6.94kWorld Rnk 166 / 219
Flag Rnk 245 / 473
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$5.14MWorld Rnk 116 / 220
Flag Rnk 180 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $6.94k in Ball Bearings, making it the 166th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 245th most exported product in Papua New Guinea. The main destination of Ball Bearings exports from Papua New Guinea are: New Zealand ($6.79k), South Africa ($85), Czechia ($58), and Singapore ($6).

The fastest growing export markets for Ball Bearings of Papua New Guinea between 2021 and 2022 were New Zealand ($6.79k), South Africa ($79), and Czechia ($58).

Imports In 2022, Papua New Guinea imported $5.14M in Ball Bearings, becoming the 116th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 180th most imported product in Papua New Guinea. Papua New Guinea imports Ball Bearings primarily from: Australia ($3.17M), China ($852k), Malaysia ($429k), Japan ($142k), and Thailand ($118k).

The fastest growing import markets in Ball Bearings for Papua New Guinea between 2021 and 2022 were Australia ($447k), China ($94.3k), and Thailand ($54.5k).

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 Ball Bearings. 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)$6.94k
IMPORTS (2022)$5.14M
NET TRADE (2022)-$5.14M

In 2022, Papua New Guinea exported $6.94k in Ball Bearings. The main destinations of Papua New Guinea exports on Ball Bearings were New Zealand ($6.79k), South Africa ($85), Czechia ($58), and Singapore ($6).

In 2022, Papua New Guinea imported $5.14M in Ball Bearings, mainly from Australia ($3.17M), China ($852k), Malaysia ($429k), Japan ($142k), and Thailand ($118k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
New Zealand$6.79k (1%)
South Africa$79 (1.32k%)
Czechia$58 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Papua New Guinea WERE (2021 - 2022):
Netherlands-$21.5k (-100%)
Singapore-$5.34k (-99.9%)
India-$3.61k (-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 Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Papua New Guinea's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNew Zealand+ $1.82k
TOP IMPORT POTENTIALChina+ $848k

Ball Bearings’s highest export potential is New Zealand. With an export gap of $1.82k.   Ball Bearings’s highest import potential is China with an import gap of $848k.

See methodology.

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