2023
Flag  
GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
 GDP
$30.7BCURRENT US$
Rnk 110 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 87 / 195
2023
Flag
GDP PC 
$64,821CURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195
2023
Flag
GDP PC
$2,958CURRENT US$
Rnk 142 / 196
2013-2023
Flag
GDP PC GROWTH
15.5%CURRENT US$
Rnk 117 / 195

About

Australia-Papua New Guinea Trade: In 2023, Australia exported $1.44B to Papua New Guinea. The main products that Australia exported to Papua New Guinea were Wheat ($84.4M), Stone Processing Machines ($81.8M), and Sheep and Goat Meat ($77.8M). Over the past 5 years the exports of Australia to Papua New Guinea have increased at an annualized rate of 0.81%, from $1.38B in 2018 to $1.44B in 2023.

In 2009, Australia exported services to Papua New Guinea worth $347M, with Other business services ($158M), Travel ($124M), and Personal, cultural, and recreational services ($30.9M) being the largest in terms of value.

Papua New Guinea-Australia Trade: In 2023, Papua New Guinea exported $2.07B to Australia. The main products that Papua New Guinea exported to Australia were Gold ($1.79B), Copper Ore ($121M), and Silver ($81.9M). Over the past 5 years the exports of Papua New Guinea to Australia have decreased at an annualized rate of 5.17%,  from $2.7B in 2018 to $2.07B in 2023.

In 2023, Papua New Guinea did not export any services to Australia.

Comparison: In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, Papua New Guinea ranked 127 in the Economic Complexity Index (ECI -1.63), and 93 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Australia exported $1.44B to Papua New Guinea. The main products exported from Australia to Papua New Guinea were Wheat ($84.4M), Stone Processing Machines ($81.8M), and Sheep and Goat Meat ($77.8M). During the last 5 years the exports of Australia to Papua New Guinea have increased at an annualized rate of 0.81%, from $1.38B in 2018 to $1.44B in 2023.

In 2018, Papua New Guinea exported $2.07B to Australia. The main products exported from Papua New Guinea to Australia were Gold ($1.79B), Copper Ore ($121M), and Silver ($81.9M). During the last 5 years the exports of Papua New Guinea to Australia have decreased at an annualized rate of 5.17%, from $2.7B in 2023 to $2.07B in 2018.

Exports from Australia (Flag) to Papua New Guinea (Flag) (2023)

Exports from Papua New Guinea (Flag) to Australia (Flag) (2023)

Latest Data

Trade between Australia (Flag) and Papua New Guinea (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top Destination
China$137B
Papua New Guinea
Top Destination
China$3.55B

This map shows whether countries import more from Australia or Papua New Guinea. Each country is colored based on the difference in imports they receive from Australia and Papua New Guinea or the difference in the growth in imports.

In 2023, countries that imported more from Australia than Papua New Guinea included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, no countries were registered that imported more from Papua New Guinea than from Australia.

Difference in imports from Papua New Guinea (Flag) and Australia (Flag) (2023)

Comparative Advantage Australia - Papua New Guinea

Flow
Scale

This chart compares trade between Australia and Papua New Guinea by product, considering products traded by both, Australia and Papua New Guinea.

During 2023, Australia had a large net trade with Papua New Guinea in the exports of Machines ($572M), Animal Products ($171M), and Transportation ($136M).

During 2018, Papua New Guinea had a large net trade with Australia in the exports of Precious Metals ($1.87B), Mineral Products ($121M), and Vegetable Products ($36.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Papua New Guinea+$483kRaw Sugar
Top Product Potential Papua New Guinea Australia+$8.26MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Australia and Papua New Guinea. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Papua New Guinea. Similarly, a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Australia.

Product Space of Australia (Flag) and Papua New Guinea (Flag) (2023)

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