Singapore (SGP) and Papua New Guinea (PNG) Trade | The Observatory of Economic Complexity

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Singapore-Papua New Guinea Trade: In 2023, Singapore exported $787M to Papua New Guinea. The main products that Singapore exported to Papua New Guinea were Refined Petroleum ($578M), Other Edible Preparations ($53.7M), and Aircraft parts (gliders, balloons, and powered aircraft) ($21.8M). Over the past 5 years the exports of Singapore to Papua New Guinea have increased at an annualized rate of 8.64%, from $520M in 2018 to $787M in 2023.

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

Papua New Guinea-Singapore Trade: In 2023, Papua New Guinea exported $181M to Singapore. The main products that Papua New Guinea exported to Singapore were Crude Petroleum ($109M), Refined Petroleum ($30.4M), and Platinum Clad Metals ($23.9M). Over the past 5 years the exports of Papua New Guinea to Singapore have decreased at an annualized rate of 5.82%, from $245M in 2018 to $181M in 2023.

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

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Papua New Guinea ranked 127 in the Economic Complexity Index (ECI -1.63), and 93 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Singapore exported $787M to Papua New Guinea. The main products exported from Singapore to Papua New Guinea were Refined Petroleum ($578M), Other Edible Preparations ($53.7M), and Aircraft parts (gliders, balloons, and powered aircraft) ($21.8M). During the last 5 years the exports of Singapore to Papua New Guinea have increased at an annualized rate of 8.64%, from $520M in 2018 to $787M in 2023.

In 2018, Papua New Guinea exported $181M to Singapore. The main products exported from Papua New Guinea to Singapore were Crude Petroleum ($109M), Refined Petroleum ($30.4M), and Platinum Clad Metals ($23.9M). During the last 5 years the exports of Papua New Guinea to Singapore have decreased at an annualized rate of 5.82%, from $245M in 2023 to $181M in 2018.

Exports from Singapore () to Papua New Guinea () (2023)

Exports from Papua New Guinea () to Singapore () (2023)

Latest Data

Trade between Singapore () and Papua New Guinea ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Papua New Guinea
Top DestinationChina$3.55B

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

In 2023, countries that imported more from Singapore than Papua New Guinea included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, no countries were registered that imported more from Papua New Guinea than from Singapore.

Difference in imports from Papua New Guinea () and Singapore () (2023)

Comparative Advantage Singapore - Papua New Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Papua New Guinea in the exports of Mineral Products ($579M), Machines ($65.8M), and Foodstuffs ($62.8M).

During 2018, Papua New Guinea had a large net trade with Singapore in the exports of Mineral Products ($140M), Precious Metals ($27.8M), and Foodstuffs ($7.97M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Papua New Guinea+$1.42MTelephones

Top Product Potential Papua New Guinea Singapore+$40MCrude Petroleum

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

Year

This visualization shows the product space at the HS4 level with the flags of Singapore and Papua New Guinea. This means that a dot/product with the flag of Singapore 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 Singapore.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Papua New Guinea () (2023)

Exports from Papua New Guinea () to Singapore () (2023)

Latest Data

Trade between Singapore () and Papua New Guinea ()

Singapore Exports

Market Competitiveness

Difference in imports from Papua New Guinea () and Singapore () (2023)

Comparative Advantage Singapore - Papua New Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Papua New Guinea () (2023)

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