2022
Exports
$4.67MWorld Rnk 132 / 212
Flag Rnk 34 / 473
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$560kWorld Rnk 105 / 187
Flag Rnk 468 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $4.67M in Scrap Iron, making it the 132nd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 34th most exported product in Papua New Guinea. The main destination of Scrap Iron exports from Papua New Guinea are: Singapore ($2.39M), Indonesia ($1.22M), India ($682k), Thailand ($130k), and Australia ($119k).

The fastest growing export markets for Scrap Iron of Papua New Guinea between 2021 and 2022 were Indonesia ($1.11M), India ($132k), and South Korea ($28.1k).

Imports In 2022, Papua New Guinea imported $560k in Scrap Iron, becoming the 105th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 468th most imported product in Papua New Guinea. Papua New Guinea imports Scrap Iron primarily from: Denmark ($476k), Australia ($41.6k), South Africa ($32.2k), and Malaysia ($10.5k).

The fastest growing import markets in Scrap Iron for Papua New Guinea between 2021 and 2022 were Denmark ($476k), Australia ($41.6k), and South Africa ($32.2k).

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 Scrap Iron. 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)$4.67M
IMPORTS (2022)$560k
NET TRADE (2022)$4.11M

In 2022, Papua New Guinea exported $4.67M in Scrap Iron. The main destinations of Papua New Guinea exports on Scrap Iron were Singapore ($2.39M), Indonesia ($1.22M), India ($682k), Thailand ($130k), and Australia ($119k).

In 2022, Papua New Guinea imported $560k in Scrap Iron, mainly from Denmark ($476k), Australia ($41.6k), South Africa ($32.2k), and Malaysia ($10.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Indonesia$1.11M (1k%)
India$132k (24%)
South Korea$28.1k (62.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Papua New Guinea WERE (2021 - 2022):
Bangladesh-$1.46M (-100%)
Thailand-$871k (-87%)
Australia-$803k (-87.1%)

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 Scrap Iron were:
In 2022, Papua New Guinea's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.31M
TOP IMPORT POTENTIALAustralia+ $44.5k

Scrap Iron’s highest export potential is India. With an export gap of $1.31M.   Scrap Iron’s highest import potential is Australia with an import gap of $44.5k.

See methodology.

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