2022
Exports
$2.68MWorld Rnk 104 / 221
Flag Rnk 40 / 473
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$123MWorld Rnk 63 / 224
Flag Rnk 3 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $2.68M in Excavation Machinery, making it the 104th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 40th most exported product in Papua New Guinea. The main destination of Excavation Machinery exports from Papua New Guinea are: Australia ($2.47M), Austria ($54.3k), Singapore ($47.3k), Malaysia ($38.8k), and Indonesia ($30.7k).

The fastest growing export markets for Excavation Machinery of Papua New Guinea between 2021 and 2022 were Australia ($1.13M), Spain ($15.7k), and Japan ($7.59k).

Imports In 2022, Papua New Guinea imported $123M in Excavation Machinery, becoming the 63rd largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 3rd most imported product in Papua New Guinea. Papua New Guinea imports Excavation Machinery primarily from: Australia ($75.1M), Singapore ($17.3M), United States ($11.8M), Malaysia ($5.48M), and China ($5.31M).

The fastest growing import markets in Excavation Machinery for Papua New Guinea between 2021 and 2022 were Singapore ($11.5M), United States ($10M), and United Arab Emirates ($642k).

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 Excavation Machinery. 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)$2.68M
IMPORTS (2022)$123M
NET TRADE (2022)-$120M

In 2022, Papua New Guinea exported $2.68M in Excavation Machinery. The main destinations of Papua New Guinea exports on Excavation Machinery were Australia ($2.47M), Austria ($54.3k), Singapore ($47.3k), Malaysia ($38.8k), and Indonesia ($30.7k).

In 2022, Papua New Guinea imported $123M in Excavation Machinery, mainly from Australia ($75.1M), Singapore ($17.3M), United States ($11.8M), Malaysia ($5.48M), and China ($5.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Australia$1.13M (84.9%)
Spain$15.7k (1%)
Japan$7.59k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Papua New Guinea WERE (2021 - 2022):
Malaysia-$837k (-95.6%)
Singapore-$746k (-94%)
Philippines-$460k (-96.7%)

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 Excavation Machinery were:
In 2022, Papua New Guinea's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALAustralia+ $443k
TOP IMPORT POTENTIALChina+ $6.03M

Excavation Machinery’s highest export potential is Australia. With an export gap of $443k.   Excavation Machinery’s highest import potential is China with an import gap of $6.03M.

See methodology.

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