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2023
Flag → Flag
Exports $217MRnk 9 / 93
2023
Flag → Flag
Top Product $200MPalm Oil
2023
Flag → Flag
Exports $9.85MRnk 172 / 223
2023
Flag → Flag
Top Product $1.93MDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI -1.63Rnk 127 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$30.7BCURRENT US$
Rnk 110 / 195
2013-2023
Flag
GDP GROWTH44.5%CURRENT US$
Rnk 87 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $2,958CURRENT US$
Rnk 142 / 195
2013-2023
Flag
GDP PC GROWTH15.5%CURRENT US$
Rnk 117 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Papua New Guinea-United Kingdom Trade: In 2023, Papua New Guinea exported $217M to United Kingdom. The main products that Papua New Guinea exported to United Kingdom were Palm Oil ($200M), Processed Fish ($7.31M), and Coconut Oil ($5.21M). Over the past 5 years the exports of Papua New Guinea to United Kingdom have increased at an annualized rate of 15.7%, from $105M in 2018 to $217M in 2023.

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

United Kingdom-Papua New Guinea Trade: In 2023, United Kingdom exported $9.85M to Papua New Guinea. The main products that United Kingdom exported to Papua New Guinea were Delivery Trucks ($1.93M), Other Construction Vehicles ($472k), and Washing and Bottling Machines ($465k). Over the past 5 years the exports of United Kingdom to Papua New Guinea have decreased at an annualized rate of 2.17%,  from $11M in 2018 to $9.85M in 2023.

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

Comparison: In 2023,  Papua New Guinea ranked 127 in the Economic Complexity Index (ECI -1.63), and 93 in total exports ($12.5B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Papua New Guinea exported $217M to United Kingdom. The main products exported from Papua New Guinea to United Kingdom were Palm Oil ($200M), Processed Fish ($7.31M), and Coconut Oil ($5.21M). During the last 5 years the exports of Papua New Guinea to United Kingdom have increased at an annualized rate of 15.7%, from $105M in 2018 to $217M in 2023.

In 2018, United Kingdom exported $9.85M to Papua New Guinea. The main products exported from United Kingdom to Papua New Guinea were Delivery Trucks ($1.93M), Other Construction Vehicles ($472k), and Washing and Bottling Machines ($465k). During the last 5 years the exports of United Kingdom to Papua New Guinea have decreased at an annualized rate of 2.17%, from $11M in 2023 to $9.85M in 2018.

Exports from Papua New Guinea (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Papua New Guinea (Flag) (2023)

Latest Data

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

United Kingdom Exports

Market Competitiveness

Color
Papua New Guinea
Top DestinationChina$3.55B
United Kingdom
Top DestinationUnited States$59.7B

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 2023, no countries were registered that imported more from Papua New Guinea than from United Kingdom.

In 2023, countries that imported more from United Kingdom than Papua New Guinea included United States ($59.7B), Germany ($34.6B), and China ($35.3B).

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

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 2023, Papua New Guinea had a large net trade with United Kingdom in the exports of Animal and Vegetable Bi-Products ($206M), Foodstuffs ($7.55M), and Vegetable Products ($2.02M).

During 2018, United Kingdom had a large net trade with Papua New Guinea in the exports of Machines ($3.33M), Transportation ($2.19M), and Metals ($951k).

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) (2023)

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