Trade Trend

In 2023, Papua New Guinea's total export value is 13.60Billion USD, total import value is 5.63Billion USD, Surplus is 7.97Billion USD, and foreign trade dependency is 0.622. In 2023，Papua New Guinea's top export products are Petroleum gases and other gaseous hydrocarbons(6.44Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.82Billion USD), Copper ores and concentrates(898.21Million USD), top export destinations are China(3.54Billion USD), Japan(3.21Billion USD), Australia(2.07Billion USD). In 2023, Papua New Guinea's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(985.41Million USD), Rice(158.40Million USD), Vehicles; for the transport of goods(158.06Million USD), top import origins are Australia(1.53Billion USD), China(1.29Billion USD), Singapore(798.67Million USD).

Comparing to 2022, Papua New Guinea's total export value decreased -3.11Billion USD(-18.63%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-2.10Billion USD or -24.58%), Petroleum oils and oils obtained from bituminous minerals; crude(-445.97Million USD or -41.70%), Palm oil and its fractions; whether or not refined, but not chemically modified(-271.38Million USD or -24.48%) and export decreases to countries/economics such as Japan(-1.35Billion USD or -29.64%), South Korea(-652.56Million USD or -38.64%), Taiwan CN(-385.70Million USD or -27.07%). Comparing to 2022, Papua New Guinea's total import value decreased -179.83Million USD(-3.09%) in 2023, this could result from its import decreases of products such as Commodities not specified according to kind(-275.29Million USD or -92.54%), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(-69.03Million USD or -65.59%), Prepared binders for foundry moulds or cores; chemical products and preparations of the chemical or allied industries (including those consisting of mixtures of natural products), not elsewhere specified or included(-59.20Million USD or -85.51%), and its import decreases from countries/economies such as China(-108.20Million USD or -7.74%), Australia(-85.49Million USD or -5.30%), Singapore(-69.30Million USD or -7.98%).

Cumulated to first 6 months of 2024, Papua New Guinea's total export value is 5.11Billion USD, total import value is 2.01Billion USD, and tradesurplus is 3.10Billion USD. Cumulated to first 6 months of 2024, Papua New Guinea's top export products are Petroleum gases and other gaseous hydrocarbons(2.29Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(876.97Million USD), Copper ores and concentrates(427.99Million USD), and top export destinations are China(1.58Billion USD), Japan(1.20Billion USD), Australia(934.72Million USD). Cumulated to first 6 months of 2024, Papua New Guinea's top import products are Petroleum gases and other gaseous hydrocarbons(2.29Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(876.97Million USD), Copper ores and concentrates(427.99Million USD), and top import origins areAustralia(630.73Million USD), China(511.85Million USD), Singapore(219.99Million USD).