Papua New Guinea
ECON COMPLEXITY (2018)
-1.83
RANK 137 OF 137
PRODUCT EXPORTS (2018)
$8.53B
RANK 94 OF 222
EXPORTS PER CAPITA (2018)
$991
RANK 190 OF 219
PRODUCT IMPORTS (2018)
$4.24B
RANK 139 OF 221
IMPORTS PER CAPITA (2018)
$493
RANK 217 of 219
SERVICE EXPORTS (2018)
$388M
RANK 76 OF 88
SERVICE IMPORTS (2018)
$1.63B
RANK 67 OF 88
GDP (2018)
$23.5B
CURRENT US$
RANK 113 OF 196
GDP GROWTH (2008-2018)
101%
CURRENT US$
RANK 29 OF 196
GDP PC (2018)
$2,730
CURRENT US$
RANK 140 OF 196
GDP PC GROWTH (2008-2018)
63.2%
CURRENT US$
RANK 33 OF 196
Overview: In 2018 Papua New Guinea was the number 113 economy in the world in terms of GDP (current US$), the number 94 in total exports, the number 139 in total imports, and the number 137 most complex economy according to the Economic Complexity Index (ECI). In 2018, Papua New Guinea exported $8.53B and imported $4.24B, resulting in a positive trade balance of $4.29B. In 2018, Papua New Guinea’s exports per capita were $991 and its imports per capita were $493.
Trade: The top exports of Papua New Guinea are Gold ($2.21B), Petroleum Gas ($1.92B), Rough Wood ($827M), Crude Petroleum($678M), and Nickel Mattes ($517M). The top imports of Papua New Guinea are Refined Petroleum ($454M), Crude Petroleum ($253M), Excavation Machinery ($137M), Other Edible Preparations ($88.1M), and Large Construction Vehicles ($85.4M).
Destinations: Papua New Guinea exports mostly to Australia ($2.66B), China ($2.66B), Chinese Taipei ($603M), Netherlands ($345M), and South Korea ($295M), and imports mostly from Australia ($1.34B), China ($786M), Singapore ($520M), Malaysia ($453M), and Indonesia($214M).
Location: Papua New Guinea borders Indonesia by land and Australia, Micronesia, Solomon Islands, and New Caledonia by sea.
Exports
In 2018 Papua New Guinea exported a total of $8.53B, making it the number 94 exporter in the world. During the last five reported years the exports of Papua New Guinea have changed by $2.01B from $6.51B in 2013 to $8.53B in 2018.
The most recent exports are led by Gold ($2.21B), Petroleum Gas ($1.92B), Rough Wood ($827M), Crude Petroleum ($678M), and Nickel Mattes ($517M).
Imports
In 2018 Papua New Guinea imported $4.24B, making it the number 139 trade destination in the world. During the last five reported years the imports of Papua New Guinea changed by -$1.33B from $5.57B in 2013 to $4.24B in 2018.
The most recent imports of Papua New Guinea are led by Refined Petroleum ($454M), Crude Petroleum ($253M), Excavation Machinery ($137M), Other Edible Preparations ($88.1M), and Large Construction Vehicles ($85.4M).
Trade Balance
As of 2018 Papua New Guinea had a positive trade balance of $5.35B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $1.15B in net exports.
Destinations
The most common destination for the exports of Papua New Guinea are Australia ($2.66B), China ($2.66B), Chinese Taipei ($603M), Netherlands ($345M), and South Korea ($295M).
Origins
The most common import partners for Papua New Guinea are Australia ($1.34B), China ($786M), Singapore ($520M), Malaysia ($453M), and Indonesia ($214M).