2023
Exports
$246MWorld Rnk 16 / 108
Flag Rnk 8 / 451
falsefalse China
2023
PRODUCT COMPLEXITY IN Precious Metal Ore
-1.75Rnk 979 / 1025
2023
Imports
$7.19kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Exports In 2023, Papua New Guinea exported $246M in Precious Metal Ore, making it the 16th largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 8th most exported product in Papua New Guinea. The main destination of Precious Metal Ore exports from Papua New Guinea are: China ($123M), Finland ($85M), Japan ($16.9M), Germany ($10.8M), and Malaysia ($9.94M).

The fastest growing export markets for Precious Metal Ore of Papua New Guinea between 2022 and 2023 were China ($123M), Malaysia ($7.95M), and Japan ($4.31M).

Imports In 2020, Papua New Guinea imported $7.19k in Precious Metal Ore, becoming the 0th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 0th most imported product in Papua New Guinea. Papua New Guinea imports Precious Metal Ore primarily from: N/A.

Historical Data

Trade Balance

Color
EXPORTS (2023)$246M
IMPORTS (2020)$7.19k
NET TRADE (2023)$246M

In 2023, Papua New Guinea exported $246M in Precious Metal Ore. The main destinations of Papua New Guinea exports on Precious Metal Ore were China ($123M), Finland ($85M), Japan ($16.9M), Germany ($10.8M), and Malaysia ($9.94M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR Papua New Guinea WERE (2022 - 2023):
China$123M (1%)
Malaysia$7.95M (400%)
Japan$4.31M (34.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY Papua New Guinea WERE (2022 - 2023):
South Korea-$83.9M (-100%)
Germany-$17.7M (-62.1%)
Australia-$4.71k (-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 Precious Metal Ore were:
In 2023, Papua New Guinea's main importing competitors in Precious Metal Ore were:

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.49M
TOP IMPORT POTENTIALIndonesia+ $414

Precious Metal Ore’s highest export potential is Germany. With an export gap of $6.49M.   Precious Metal Ore’s highest import potential is Indonesia with an import gap of $414.

See methodology.

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