2022
Exports
$2.55kWorld Rnk 152 / 184
Flag Rnk 294 / 473
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$1.13MWorld Rnk 95 / 218
Flag Rnk 380 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $2.55k in Tool Sets, making it the 152nd largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 294th most exported product in Papua New Guinea. The main destination of Tool Sets exports from Papua New Guinea are: Hungary ($1.07k), Australia ($1.05k), Indonesia ($306), and Philippines ($122).

The fastest growing export markets for Tool Sets of Papua New Guinea between 2021 and 2022 were Hungary ($1.07k) and Philippines ($122).

Imports In 2022, Papua New Guinea imported $1.13M in Tool Sets, becoming the 95th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 380th most imported product in Papua New Guinea. Papua New Guinea imports Tool Sets primarily from: Australia ($501k), Malaysia ($261k), China ($186k), Chinese Taipei ($140k), and Netherlands ($27k).

The fastest growing import markets in Tool Sets for Papua New Guinea between 2021 and 2022 were Malaysia ($233k), Chinese Taipei ($61.2k), and China ($45.1k).

Latest Trends

Jul 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)$2.55k
IMPORTS (2022)$1.13M
NET TRADE (2022)-$1.13M

In 2022, Papua New Guinea exported $2.55k in Tool Sets. The main destinations of Papua New Guinea exports on Tool Sets were Hungary ($1.07k), Australia ($1.05k), Indonesia ($306), and Philippines ($122).

In 2022, Papua New Guinea imported $1.13M in Tool Sets, mainly from Australia ($501k), Malaysia ($261k), China ($186k), Chinese Taipei ($140k), and Netherlands ($27k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Hungary$1.07k (1%)
Philippines$122 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Papua New Guinea WERE (2021 - 2022):
Australia-$130k (-99.2%)
Solomon Islands-$3.57k (-100%)
New Zealand-$204 (-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 Tool Sets were:
In 2022, 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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