2022
Exports
$583World Rnk 168 / 195
Flag Rnk 366 / 473
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$7.6MWorld Rnk 94 / 224
Flag Rnk 141 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $583 in Lubricating Products, making it the 168th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 366th most exported product in Papua New Guinea. The main destination of Lubricating Products exports from Papua New Guinea are: South Africa ($581) and Turkey ($2).

The fastest growing export markets for Lubricating Products of Papua New Guinea between 2021 and 2022 were South Africa ($581) and Turkey ($2).

Imports In 2022, Papua New Guinea imported $7.6M in Lubricating Products, becoming the 94th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 141st most imported product in Papua New Guinea. Papua New Guinea imports Lubricating Products primarily from: Singapore ($5.63M), Australia ($1.33M), China ($216k), Chinese Taipei ($142k), and United States ($75.8k).

The fastest growing import markets in Lubricating Products for Papua New Guinea between 2021 and 2022 were Singapore ($5.17M), Australia ($477k), and China ($136k).

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 Lubricating Products. 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)$583
IMPORTS (2022)$7.6M
NET TRADE (2022)-$7.6M

In 2022, Papua New Guinea exported $583 in Lubricating Products. The main destinations of Papua New Guinea exports on Lubricating Products were South Africa ($581) and Turkey ($2).

In 2022, Papua New Guinea imported $7.6M in Lubricating Products, mainly from Singapore ($5.63M), Australia ($1.33M), China ($216k), Chinese Taipei ($142k), and United States ($75.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
South Africa$581 (1%)
Turkey$2 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Papua New Guinea WERE (2021 - 2022):
Australia-$19.3k (-100%)
Solomon Islands-$395 (-100%)
South Korea-$253 (-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 Lubricating Products were:
In 2022, Papua New Guinea's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSouth Africa+ $908
TOP IMPORT POTENTIALChina+ $189k

Lubricating Products’s highest export potential is South Africa. With an export gap of $908.   Lubricating Products’s highest import potential is China with an import gap of $189k.

See methodology.

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