China / Papua New Guinea

Overview In August 2024, China exported $131M and imported $248M from Papua New Guinea, resulting in a negative trade balance of $117M. Between August 2023 and August 2024 the exports of China have increased by $6.47M (5.2%) from $124M to $131M, while imports decreased by $-163M (-39.7%) from $411M to $248M.

Trade In August 2024, the top exports of China to Papua New Guinea were Iron Structures ($6.01M), Sodium or Potassium Peroxides ($4.1M), Other Small Iron Pipes ($3.78M), Iron Cloth ($2.54M), and Telephones ($2.18M). In August 2024 the top imports of China from Papua New Guinea were Nickel Mattes ($71.9M), Rough Wood ($68.3M), Petroleum Gas ($61.7M), Chromium Ore ($4.52M), and Sawn Wood ($1.59M).

Origins In August 2024 the exports of China were mainly from Zhejiang Province ($48M), Guangdong Province ($15.4M), Shandong Province ($11.1M), Jiangsu Province ($11M), and Beijing ($10.7M), while imports destinations were mainly Beijing ($151M), Fujian Province ($67.6M), Jiangsu Province ($9.47M), Zhejiang Province ($7.86M), and Guangxi Zhuang Autonomous Region ($5.05M).

Growth In August 2024, the increase in China's year-by-year exports to Papua New Guinea was explained primarily by an increase in product exports in Iron Wire ($1.79M or 905%), Iron Cloth ($1.34M or 112%), and Other Small Iron Pipes ($1.27M or 50.4%). In August 2024, the decrease in China's year-by-year imports  from Papua New Guinea was explained primarily by an decrease in product imports  in Petroleum Gas ($-27M or -30.4%), Nickel Mattes ($-5.36M or -6.93%), and Sawn Wood ($-1.53M or -48.9%).