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2022
Flag → Flag
Exports $205MRnk 11 / 94
2022
Flag → Flag
Top Product $179MPalm Oil
2022
Flag → Flag
Exports $11.4MRnk 171 / 224
2022
Flag → Flag
Top Product $2.26MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Papua New Guinea-United Kingdom Trade: In 2022, Papua New Guinea exported $205M to United Kingdom. The main products that Papua New Guinea exported to United Kingdom were Palm Oil ($179M), Coconut Oil ($11.8M), and Processed Fish ($7.98M). Over the past 5 years the exports of Papua New Guinea to United Kingdom have increased at an annualized rate of 10.8%, from $123M in 2017 to $205M in 2022.

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

United Kingdom-Papua New Guinea Trade: In 2022, United Kingdom exported $11.4M to Papua New Guinea. The main products that United Kingdom exported to Papua New Guinea were Gas Turbines ($2.26M), Industrial Furnaces ($1.44M), and Iron Structures ($1.25M). Over the past 5 years the exports of United Kingdom to Papua New Guinea have decreased at an annualized rate of 17.2%,  from $29.2M in 2017 to $11.4M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Papua New Guinea exported $205M to United Kingdom. The main products exported from Papua New Guinea to United Kingdom were Palm Oil ($179M), Coconut Oil ($11.8M), and Processed Fish ($7.98M). During the last 5 years the exports of Papua New Guinea to United Kingdom have increased at an annualized rate of 10.8%, from $123M in 2017 to $205M in 2022.

In 2017, United Kingdom exported $11.4M to Papua New Guinea. The main products exported from United Kingdom to Papua New Guinea were Gas Turbines ($2.26M), Industrial Furnaces ($1.44M), and Iron Structures ($1.25M). During the last 5 years the exports of United Kingdom to Papua New Guinea have decreased at an annualized rate of 17.2%, from $29.2M in 2022 to $11.4M in 2017.

Exports from Papua New Guinea (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Papua New Guinea (Flag) (2022)

Latest Data

Trade between Papua New Guinea (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Papua New Guinea
Top DestinationJapan$4.03B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Papua New Guinea than United Kingdom included Brunei ($321M).

In 2022, countries that imported more from United Kingdom than Papua New Guinea included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Comparative Advantage Papua New Guinea - United Kingdom

Flow
Scale

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

During 2022, Papua New Guinea had a large net trade with United Kingdom in the exports of Animal and Vegetable Bi-Products ($191M), Foodstuffs ($8.98M), and Vegetable Products ($2.76M).

During 2017, United Kingdom had a large net trade with Papua New Guinea in the exports of Machines ($7.09M), Metals ($1.38M), and Instruments ($557k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Papua New Guinea United Kingdom+$6.19MProcessed Fish
Top Product Potential United Kingdom Papua New Guinea+$1.57MGas Turbines

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

Product Space of Papua New Guinea (Flag) and United Kingdom (Flag) (2022)

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