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Pricing

2022
Flag → Flag
Exports $2.76MRnk 135 / 209
2022
Flag → Flag
Top Product $2.07MOther Heating Machinery
2022
Flag → Flag
Exports $151kRnk 48 / 94
2022
Flag → Flag
Top Product $150kCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186

About

Norway-Papua New Guinea Trade: In 2022, Norway exported $2.76M to Papua New Guinea. The main products that Norway exported to Papua New Guinea were Other Heating Machinery ($2.07M), Other Sea Vessels ($317k), and Stone Processing Machines ($98.2k). Over the past 5 years the exports of Norway to Papua New Guinea have increased at an annualized rate of 58.6%, from $275k in 2017 to $2.76M in 2022.

In 2022, Norway did not export any services to Papua New Guinea.

Papua New Guinea-Norway Trade: In 2022, Papua New Guinea exported $151k to Norway. The main products that Papua New Guinea exported to Norway were Coffee ($150k), Copra ($1.05k), and Vanilla ($691). Over the past 5 years the exports of Papua New Guinea to Norway have increased at an annualized rate of 18.2%,  from $28.4k in 2017 to $151k in 2022.

In 2022, Papua New Guinea did not export any services to Norway.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK67k and imported NOK55k from Papua New Guinea, resulting in a positive trade balance of NOK12k. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-4k (-5.63%) from NOK71k to NOK67k, while imports increased by NOK14k (34.1%) from NOK41k to NOK55k.

Trade In October 2024, the top exports of Norway to Papua New Guinea were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0). In October 2024 the top imports of Norway from Papua New Guinea were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In October 2024, the decrease in Norway's year-by-year exports to Papua New Guinea was explained primarily by an decrease in product exports in Machinery specialized for particular industries (NOK-180k or -100%) and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-11k or -100%). In October 2024, the increase in Norway's year-by-year imports  from Papua New Guinea was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-4k(-5.63%)
IMPORT GROWTH (October 2023 - October 2024)NOK14k(34.1%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Papua New Guinea and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Papua New Guinea and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $2.76M to Papua New Guinea. The main products exported from Norway to Papua New Guinea were Other Heating Machinery ($2.07M), Other Sea Vessels ($317k), and Stone Processing Machines ($98.2k). During the last 5 years the exports of Norway to Papua New Guinea have increased at an annualized rate of 58.6%, from $275k in 2017 to $2.76M in 2022.

In 2017, Papua New Guinea exported $151k to Norway. The main products exported from Papua New Guinea to Norway were Coffee ($150k), Copra ($1.05k), and Vanilla ($691). During the last 5 years the exports of Papua New Guinea to Norway have increased at an annualized rate of 18.2%, from $28.4k in 2022 to $151k in 2017.

Exports from Norway (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Papua New Guinea
Top DestinationJapan$4.03B

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

In 2022, countries that imported more from Norway than Papua New Guinea included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Papua New Guinea than Norway included Japan ($4.03B), Australia ($1.74B), and Chinese Taipei ($1.46B).

Difference in imports from Papua New Guinea (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Papua New Guinea

Flow
Scale

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

During 2022, Norway had a large net trade with Papua New Guinea in the exports of Machines ($2.37M), Transportation ($317k), and Metals ($45.3k).

During 2017, Papua New Guinea had a large net trade with Norway in the exports of Vegetable Products ($151k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Papua New Guinea+$84.4kMachinery Having Individual Functions
Top Product Potential Papua New Guinea Norway+$301kCoffee

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 Norway and Papua New Guinea. This means that a dot/product with the flag of Norway 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 Norway.

Product Space of Norway (Flag) and Papua New Guinea (Flag) (2022)

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