2021
Exports
$342World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2021
Imports
$9.72MWorld Rnk 94 / 215
Flag Rnk 118 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Imports In 2022, Papua New Guinea imported $9.72M in Soybean Oil, becoming the 94th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 118th most imported product in Papua New Guinea. Papua New Guinea imports Soybean Oil primarily from: Malaysia ($9.44M), Singapore ($248k), Chinese Taipei ($18.9k), Fiji ($12.9k), and Australia ($1.2k).

The fastest growing import markets in Soybean Oil for Papua New Guinea between 2021 and 2022 were Malaysia ($2.96M), Fiji ($8.37k), and Australia ($1.08k).

COMPANIES In 2023, leading companies such as Rothfos (1) were at the forefront of shipping Soybean Oil from Papua New Guinea to the United States.

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 Soybean Oil. 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)$342
IMPORTS (2022)$9.72M
NET TRADE (2022)-$9.72M

In 2022, Papua New Guinea imported $9.72M in Soybean Oil, mainly from Malaysia ($9.44M), Singapore ($248k), Chinese Taipei ($18.9k), Fiji ($12.9k), and Australia ($1.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Papua New Guinea WERE (N/A - 2021):Belgium-$342 (-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 Soybean Oil were:
In 2022, Papua New Guinea's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $835
TOP IMPORT POTENTIALAustralia+ $3.25k

Soybean Oil’s highest export potential is India. With an export gap of $835.   Soybean Oil’s highest import potential is Australia with an import gap of $3.25k.

See methodology.

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