2022
Exports
$13.5kWorld Rnk 111 / 182
Flag Rnk 213 / 473
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$480kWorld Rnk 120 / 216
Flag Rnk 491 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $13.5k in Electromagnets, making it the 111th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 213th most exported product in Papua New Guinea. The main destination of Electromagnets exports from Papua New Guinea are: Netherlands ($13.5k).

The fastest growing export markets for Electromagnets of Papua New Guinea between 2021 and 2022 were Netherlands ($9.02k).

Imports In 2022, Papua New Guinea imported $480k in Electromagnets, becoming the 120th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 491st most imported product in Papua New Guinea. Papua New Guinea imports Electromagnets primarily from: Australia ($257k), China ($209k), Singapore ($9.13k), Austria ($1.86k), and New Zealand ($1.6k).

The fastest growing import markets in Electromagnets for Papua New Guinea between 2021 and 2022 were China ($179k), Singapore ($2.7k), and Austria ($1.37k).

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 Electromagnets. 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)$13.5k
IMPORTS (2022)$480k
NET TRADE (2022)-$466k

In 2022, Papua New Guinea exported $13.5k in Electromagnets. The main destinations of Papua New Guinea exports on Electromagnets were Netherlands ($13.5k).

In 2022, Papua New Guinea imported $480k in Electromagnets, mainly from Australia ($257k), China ($209k), Singapore ($9.13k), Austria ($1.86k), and New Zealand ($1.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):Netherlands$9.02k (203%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Papua New Guinea WERE (2021 - 2022):
Philippines-$218 (-100%)
India-$114 (-100%)
Solomon Islands-$10 (-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 Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Papua New Guinea's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $5.42k
TOP IMPORT POTENTIALChina+ $207k

Electromagnets’s highest export potential is Netherlands. With an export gap of $5.42k.   Electromagnets’s highest import potential is China with an import gap of $207k.

See methodology.

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