2022
Exports
$5.58kWorld Rnk 150 / 194
Flag Rnk 258 / 473
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$22.2kWorld Rnk 185 / 217
Flag Rnk 840 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $5.58k in Wood Ornaments, making it the 150th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 258th most exported product in Papua New Guinea. The main destination of Wood Ornaments exports from Papua New Guinea are: France ($1.61k), Australia ($1.41k), United Arab Emirates ($897), Belgium ($639), and Spain ($535).

The fastest growing export markets for Wood Ornaments of Papua New Guinea between 2021 and 2022 were United Arab Emirates ($897), Spain ($535), and Canada ($38).

Imports In 2022, Papua New Guinea imported $22.2k in Wood Ornaments, becoming the 185th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 840th most imported product in Papua New Guinea. Papua New Guinea imports Wood Ornaments primarily from: Australia ($13k), Turkey ($6.12k), Indonesia ($1.3k), China ($1.27k), and United Arab Emirates ($573).

The fastest growing import markets in Wood Ornaments for Papua New Guinea between 2021 and 2022 were Turkey ($5.72k), Australia ($2.69k), and United Arab Emirates ($573).

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 Wood Ornaments. 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)$5.58k
IMPORTS (2022)$22.2k
NET TRADE (2022)-$16.7k

In 2022, Papua New Guinea exported $5.58k in Wood Ornaments. The main destinations of Papua New Guinea exports on Wood Ornaments were France ($1.61k), Australia ($1.41k), United Arab Emirates ($897), Belgium ($639), and Spain ($535).

In 2022, Papua New Guinea imported $22.2k in Wood Ornaments, mainly from Australia ($13k), Turkey ($6.12k), Indonesia ($1.3k), China ($1.27k), and United Arab Emirates ($573).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Spain$535 (1%)
Canada$38 (8.35%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Papua New Guinea WERE (2021 - 2022):
Germany-$18.8k (-100%)
Australia-$16.6k (-92.2%)
Italy-$3.35k (-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 Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Papua New Guinea's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALFrance+ $2.97k
TOP IMPORT POTENTIALChina+ $5.15k

Wood Ornaments’s highest export potential is France. With an export gap of $2.97k.   Wood Ornaments’s highest import potential is China with an import gap of $5.15k.

See methodology.

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