2022
Exports
$2.56kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Tool Sets
1.14Rnk 126 / 1025
2022
Imports
$2.03MWorld Rnk 76 / 219
Flag Rnk 292 / 1030
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Imports In 2023, Papua New Guinea imported $2.03M in Tool Sets, becoming the 76th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 292nd most imported product in Papua New Guinea. Papua New Guinea imports Tool Sets primarily from: Australia ($902k), China ($523k), United States ($467k), Chinese Taipei ($84.5k), and Malaysia ($32.6k).

The fastest growing import markets in Tool Sets for Papua New Guinea between 2022 and 2023 were United States ($467k), Australia ($401k), and China ($337k).

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 Tool Sets. 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)$2.56k
IMPORTS (2023)$2.03M
NET TRADE (2023)-$2.03M

In 2023, Papua New Guinea imported $2.03M in Tool Sets, mainly from Australia ($902k), China ($523k), United States ($467k), Chinese Taipei ($84.5k), and Malaysia ($32.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Papua New Guinea WERE (N/A - 2022):
Hungary-$1.09k (-100%)
Australia-$1.05k (-100%)
Indonesia-$306 (-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 Tool Sets were:
In 2023, Papua New Guinea's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $1.24k
TOP IMPORT POTENTIALChina+ $125k

Tool Sets’s highest export potential is Australia. With an export gap of $1.24k.   Tool Sets’s highest import potential is China with an import gap of $125k.

See methodology.

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