2021
Exports
$5.13kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2021
Imports
$318kWorld Rnk 154 / 209
Flag Rnk 547 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Imports In 2022, Papua New Guinea imported $318k in Electric Furnaces, becoming the 154th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 547th most imported product in Papua New Guinea. Papua New Guinea imports Electric Furnaces primarily from: Australia ($131k), China ($119k), Italy ($39.6k), United States ($26.4k), and Israel ($1k).

The fastest growing import markets in Electric Furnaces for Papua New Guinea between 2021 and 2022 were United States ($26.4k), China ($21.4k), and Israel ($1k).

Latest Trends

Sep 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 Electric Furnaces. 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 (2021)$5.13k
IMPORTS (2022)$318k
NET TRADE (2022)-$318k

In 2022, Papua New Guinea imported $318k in Electric Furnaces, mainly from Australia ($131k), China ($119k), Italy ($39.6k), United States ($26.4k), and Israel ($1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Papua New Guinea WERE (N/A - 2021):Australia-$5.13k (-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 Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Papua New Guinea's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $510
TOP IMPORT POTENTIALChina+ $88.4k

Electric Furnaces’s highest export potential is China. With an export gap of $510.   Electric Furnaces’s highest import potential is China with an import gap of $88.4k.

See methodology.

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