2022
Flag  
GDP
$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
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GDP GROWTH
43.9%CURRENT US$
Rnk 78 / 186
2022
Flag
 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC 
$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH
13.8%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

Papua New Guinea-Spain Trade: In 2022, Papua New Guinea exported $81M to Spain. The main products that Papua New Guinea exported to Spain were Processed Fish ($77.1M), Non-fillet Frozen Fish ($2.51M), and Coffee ($744k). Over the past 5 years the exports of Papua New Guinea to Spain have decreased at an annualized rate of 8.29%, from $125M in 2017 to $81M in 2022.

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

Spain-Papua New Guinea Trade: In 2022, Spain exported $5.7M to Papua New Guinea. The main products that Spain exported to Papua New Guinea were Pure Olive Oil ($2.07M), Large Iron Containers ($1.43M), and Nitrogen Heterocyclic Compounds ($476k). Over the past 5 years the exports of Spain to Papua New Guinea have increased at an annualized rate of 13.6%,  from $3.01M in 2017 to $5.7M in 2022.

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

Comparison: In 2022,  Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Papua New Guinea exported $81M to Spain. The main products exported from Papua New Guinea to Spain were Processed Fish ($77.1M), Non-fillet Frozen Fish ($2.51M), and Coffee ($744k). During the last 5 years the exports of Papua New Guinea to Spain have decreased at an annualized rate of 8.29%, from $125M in 2017 to $81M in 2022.

In 2017, Spain exported $5.7M to Papua New Guinea. The main products exported from Spain to Papua New Guinea were Pure Olive Oil ($2.07M), Large Iron Containers ($1.43M), and Nitrogen Heterocyclic Compounds ($476k). During the last 5 years the exports of Spain to Papua New Guinea have increased at an annualized rate of 13.6%, from $3.01M in 2022 to $5.7M in 2017.

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

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

Latest Data

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

Spain Exports

Market Competitiveness

Color
Papua New Guinea
Top Destination
Japan$4.03B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Papua New Guinea than Spain included Chinese Taipei ($1.46B), Brunei ($321M), and Timor-Leste ($3.46M).

In 2022, countries that imported more from Spain than Papua New Guinea included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Papua New Guinea - Spain

Flow
Scale

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

During 2022, Papua New Guinea had a large net trade with Spain in the exports of Foodstuffs ($77.1M), Animal Products ($2.51M), and Vegetable Products ($768k).

During 2017, Spain had a large net trade with Papua New Guinea in the exports of Animal and Vegetable Bi-Products ($2.08M), Metals ($1.43M), and Machines ($1.11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Papua New Guinea Spain+$1.58MCoffee
Top Product Potential Spain Papua New Guinea+N/AN/A

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 Papua New Guinea and Spain. This means that a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Papua New Guinea.

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

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