2023
Exports
$1.93kWorld Rnk 170 / 205
Flag Rnk 292 / 451
2023
PRODUCT COMPLEXITY IN Gaskets
1.46Rnk 51 / 1025
2023
Imports
$3.69MWorld Rnk 99 / 224
Flag Rnk 221 / 1030
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Exports In 2023, Papua New Guinea exported $1.93k in Gaskets, making it the 170th largest exporter of Gaskets in the world. At the same year, Gaskets was the 292nd most exported product in Papua New Guinea. The main destination of Gaskets exports from Papua New Guinea are: Australia ($1.33k), Tanzania ($589), and Austria ($2).

The fastest growing export markets for Gaskets of Papua New Guinea between 2022 and 2023 were Tanzania ($589) and Austria ($2).

Imports In 2023, Papua New Guinea imported $3.69M in Gaskets, becoming the 99th largest importer of Gaskets in the world. At the same year, Gaskets was the 221st most imported product in Papua New Guinea. Papua New Guinea imports Gaskets primarily from: Australia ($1.7M), Malaysia ($711k), Thailand ($600k), Netherlands ($204k), and Japan ($165k).

The fastest growing import markets in Gaskets for Papua New Guinea between 2022 and 2023 were Australia ($479k), Thailand ($368k), and Malaysia ($274k).

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 Gaskets. 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)$1.93k
IMPORTS (2023)$3.69M
NET TRADE (2023)-$3.68M

In 2023, Papua New Guinea exported $1.93k in Gaskets. The main destinations of Papua New Guinea exports on Gaskets were Australia ($1.33k), Tanzania ($589), and Austria ($2).

In 2023, Papua New Guinea imported $3.69M in Gaskets, mainly from Australia ($1.7M), Malaysia ($711k), Thailand ($600k), Netherlands ($204k), and Japan ($165k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Papua New Guinea WERE (2022 - 2023):
Tanzania$589 (1%)
Austria$2 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Papua New Guinea WERE (2022 - 2023):
Australia-$582k (-99.8%)
Netherlands-$27.5k (-100%)
Philippines-$65 (-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 Gaskets were:
In 2023, Papua New Guinea's main importing competitors in Gaskets were:

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $34k
TOP IMPORT POTENTIALChina+ $259k

Gaskets’s highest export potential is Netherlands. With an export gap of $34k.   Gaskets’s highest import potential is China with an import gap of $259k.

See methodology.

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