2022
Exports
$4.69MWorld Rnk 77 / 224
Flag Rnk 33 / 473
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$32.4MWorld Rnk 110 / 224
Flag Rnk 33 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $4.69M in Valves, making it the 77th largest exporter of Valves in the world. At the same year, Valves was the 33rd most exported product in Papua New Guinea. The main destination of Valves exports from Papua New Guinea are: Australia ($3.9M), Netherlands ($757k), Kuwait ($10.9k), United States ($8.94k), and United Kingdom ($2.72k).

The fastest growing export markets for Valves of Papua New Guinea between 2021 and 2022 were Australia ($343k), Kuwait ($10.9k), and Canada ($1.41k).

Imports In 2022, Papua New Guinea imported $32.4M in Valves, becoming the 110th largest importer of Valves in the world. At the same year, Valves was the 33rd most imported product in Papua New Guinea. Papua New Guinea imports Valves primarily from: Australia ($21.4M), China ($4.29M), Singapore ($2.47M), United States ($1.13M), and United Arab Emirates ($785k).

The fastest growing import markets in Valves for Papua New Guinea between 2021 and 2022 were Australia ($1.27M), United Arab Emirates ($756k), and Denmark ($68.2k).

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 Valves. 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)$4.69M
IMPORTS (2022)$32.4M
NET TRADE (2022)-$27.7M

In 2022, Papua New Guinea exported $4.69M in Valves. The main destinations of Papua New Guinea exports on Valves were Australia ($3.9M), Netherlands ($757k), Kuwait ($10.9k), United States ($8.94k), and United Kingdom ($2.72k).

In 2022, Papua New Guinea imported $32.4M in Valves, mainly from Australia ($21.4M), China ($4.29M), Singapore ($2.47M), United States ($1.13M), and United Arab Emirates ($785k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Australia$343k (9.64%)
Kuwait$10.9k (1%)
Canada$1.41k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Papua New Guinea WERE (2021 - 2022):
Netherlands-$552k (-42.2%)
United States-$79.8k (-89.9%)
Czechia-$72.6k (-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 Valves were:
In 2022, Papua New Guinea's main importing competitors in Valves were:

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $392k
TOP IMPORT POTENTIALChina+ $4.12M

Valves’s highest export potential is Netherlands. With an export gap of $392k.   Valves’s highest import potential is China with an import gap of $4.12M.

See methodology.

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