2022
Exports
$1.54MWorld Rnk 63 / 179
Flag Rnk 47 / 473
falsefalse Netherlands
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$1.44MWorld Rnk 100 / 211
Flag Rnk 349 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $1.54M in Compasses, making it the 63rd largest exporter of Compasses in the world. At the same year, Compasses was the 47th most exported product in Papua New Guinea. The main destination of Compasses exports from Papua New Guinea are: Netherlands ($1.52M), Australia ($14.8k), and Singapore ($172).

Imports In 2022, Papua New Guinea imported $1.44M in Compasses, becoming the 100th largest importer of Compasses in the world. At the same year, Compasses was the 349th most imported product in Papua New Guinea. Papua New Guinea imports Compasses primarily from: Singapore ($784k), Australia ($247k), Canada ($98.1k), Germany ($68.7k), and Netherlands ($60.1k).

The fastest growing import markets in Compasses for Papua New Guinea between 2021 and 2022 were Canada ($45.6k), United Kingdom ($14.4k), and South Korea ($13.2k).

Latest Trends

Aug 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 Compasses. 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)$1.54M
IMPORTS (2022)$1.44M
NET TRADE (2022)$102k

In 2022, Papua New Guinea exported $1.54M in Compasses. The main destinations of Papua New Guinea exports on Compasses were Netherlands ($1.52M), Australia ($14.8k), and Singapore ($172).

In 2022, Papua New Guinea imported $1.44M in Compasses, mainly from Singapore ($784k), Australia ($247k), Canada ($98.1k), Germany ($68.7k), and Netherlands ($60.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Papua New Guinea WERE (2021 - 2022):
Netherlands-$2.48M (-61.9%)
Australia-$33.3k (-69.2%)
France-$7.2k (-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 Compasses were:
In 2022, Papua New Guinea's main importing competitors in Compasses were:

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $34.7k
TOP IMPORT POTENTIALUnited States+ $85.2k

Compasses’s highest export potential is Australia. With an export gap of $34.7k.   Compasses’s highest import potential is United States with an import gap of $85.2k.

See methodology.

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