2022
Exports
$934MWorld Rnk 42 / 149
Flag Rnk 4 / 473
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$42.4MWorld Rnk 79 / 158
Flag Rnk 22 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $934M in Crude Petroleum, making it the 42nd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most exported product in Papua New Guinea. The main destination of Crude Petroleum exports from Papua New Guinea are: Brunei ($321M), China ($305M), Thailand ($95.2M), Malaysia ($74.7M), and Singapore ($58.4M).

The fastest growing export markets for Crude Petroleum of Papua New Guinea between 2021 and 2022 were China ($305M), Brunei ($271M), and Thailand ($95.2M).

Imports In 2022, Papua New Guinea imported $42.4M in Crude Petroleum, becoming the 79th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 22nd most imported product in Papua New Guinea. Papua New Guinea imports Crude Petroleum primarily from: United States ($42.3M), Malaysia ($199k), and Singapore ($10).

The fastest growing import markets in Crude Petroleum for Papua New Guinea between 2021 and 2022 were United States ($42.2M) and Singapore ($10).

Latest Trends

May 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$934M
IMPORTS (2022)$42.4M
NET TRADE (2022)$891M

In 2022, Papua New Guinea exported $934M in Crude Petroleum. The main destinations of Papua New Guinea exports on Crude Petroleum were Brunei ($321M), China ($305M), Thailand ($95.2M), Malaysia ($74.7M), and Singapore ($58.4M).

In 2022, Papua New Guinea imported $42.4M in Crude Petroleum, mainly from United States ($42.3M), Malaysia ($199k), and Singapore ($10).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
China$305M (1%)
Brunei$271M (546%)
Thailand$95.2M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Papua New Guinea WERE (2021 - 2022):
Singapore-$253M (-81.2%)
North Korea-$158M (-100%)
South Korea-$134M (-71.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Papua New Guinea's main exporting competitors in Crude Petroleum were:
In 2022, Papua New Guinea's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $378M
TOP IMPORT POTENTIALUnited States+ $3.04M

Crude Petroleum’s highest export potential is China. With an export gap of $378M.   Crude Petroleum’s highest import potential is United States with an import gap of $3.04M.

See methodology.

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