2022
Exports
$669World Rnk 172 / 203
Flag Rnk 363 / 473
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$1.68MWorld Rnk 99 / 220
Flag Rnk 324 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $669 in Hand Tools, making it the 172nd largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 363rd most exported product in Papua New Guinea. The main destination of Hand Tools exports from Papua New Guinea are: Philippines ($600) and Slovenia ($69).

The fastest growing export markets for Hand Tools of Papua New Guinea between 2021 and 2022 were Philippines ($376) and Slovenia ($69).

Imports In 2022, Papua New Guinea imported $1.68M in Hand Tools, becoming the 99th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 324th most imported product in Papua New Guinea. Papua New Guinea imports Hand Tools primarily from: China ($1.04M), Australia ($308k), Thailand ($111k), Singapore ($87.4k), and India ($30.6k).

The fastest growing import markets in Hand Tools for Papua New Guinea between 2021 and 2022 were China ($251k), Singapore ($64.6k), and Philippines ($7.36k).

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 Hand Tools. 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)$669
IMPORTS (2022)$1.68M
NET TRADE (2022)-$1.68M

In 2022, Papua New Guinea exported $669 in Hand Tools. The main destinations of Papua New Guinea exports on Hand Tools were Philippines ($600) and Slovenia ($69).

In 2022, Papua New Guinea imported $1.68M in Hand Tools, mainly from China ($1.04M), Australia ($308k), Thailand ($111k), Singapore ($87.4k), and India ($30.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Philippines$376 (168%)
Slovenia$69 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Papua New Guinea WERE (2021 - 2022):
New Zealand-$2.94k (-100%)
Australia-$2.01k (-100%)
Timor-Leste-$324 (-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 Hand Tools were:
In 2022, Papua New Guinea's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $502
TOP IMPORT POTENTIALChina+ $155k

Hand Tools’s highest export potential is United States. With an export gap of $502.   Hand Tools’s highest import potential is China with an import gap of $155k.

See methodology.

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