2023
Exports
$4.8kWorld Rnk 194 / 214
Flag Rnk 247 / 451
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$34.3MWorld Rnk 160 / 226
Flag Rnk 24 / 1030
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Exports In 2023, Papua New Guinea exported $4.8k in Packaged Medicaments, making it the 194th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 247th most exported product in Papua New Guinea. The main destination of Packaged Medicaments exports from Papua New Guinea are: Fiji ($4.8k) and Singapore ($1).

The fastest growing export markets for Packaged Medicaments of Papua New Guinea between 2022 and 2023 were Fiji ($4.8k).

Imports In 2023, Papua New Guinea imported $34.3M in Packaged Medicaments, becoming the 160th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 24th most imported product in Papua New Guinea. Papua New Guinea imports Packaged Medicaments primarily from: India ($18M), Australia ($8.37M), China ($3.03M), Singapore ($1.78M), and Philippines ($808k).

The fastest growing import markets in Packaged Medicaments for Papua New Guinea between 2022 and 2023 were Singapore ($796k), Latvia ($624k), and Brazil ($209k).

Latest Trends

Dec 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 Packaged Medicaments. 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)$4.8k
IMPORTS (2023)$34.3M
NET TRADE (2023)-$34.3M

In 2023, Papua New Guinea exported $4.8k in Packaged Medicaments. The main destinations of Papua New Guinea exports on Packaged Medicaments were Fiji ($4.8k) and Singapore ($1).

In 2023, Papua New Guinea imported $34.3M in Packaged Medicaments, mainly from India ($18M), Australia ($8.37M), China ($3.03M), Singapore ($1.78M), and Philippines ($808k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Papua New Guinea WERE (2022 - 2023):Fiji$4.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Papua New Guinea WERE (2022 - 2023):
Canada-$104 (-100%)
Thailand-$54 (-100%)
Singapore-$10 (-90.9%)

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 Packaged Medicaments were:
In 2023, Papua New Guinea's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.24k
TOP IMPORT POTENTIALIndia+ $5.96M

Packaged Medicaments’s highest export potential is United States. With an export gap of $1.24k.   Packaged Medicaments’s highest import potential is India with an import gap of $5.96M.

See methodology.

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