2023
Exports
$1.85BWorld Rnk 40 / 167
Flag Rnk 2 / 451
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$11.1kWorld Rnk 158 / 174
Flag Rnk 885 / 1030
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Exports In 2023, Papua New Guinea exported $1.85B in Gold, making it the 40th largest exporter of Gold in the world. At the same year, Gold was the 2nd most exported product in Papua New Guinea. The main destination of Gold exports from Papua New Guinea are: Australia ($1.79B), United Arab Emirates ($35.4M), Italy ($27.2M), India ($1.64M), and Singapore ($1.61M).

The fastest growing export markets for Gold of Papua New Guinea between 2022 and 2023 were Australia ($186M) and Singapore ($542k).

Imports In 2023, Papua New Guinea imported $11.1k in Gold, becoming the 158th largest importer of Gold in the world. At the same year, Gold was the 885th most imported product in Papua New Guinea. Papua New Guinea imports Gold primarily from: Australia ($11.1k).

The fastest growing import markets in Gold for Papua New Guinea between 2022 and 2023 were Australia ($9.69k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.85B
IMPORTS (2023)$11.1k
NET TRADE (2023)$1.85B

In 2023, Papua New Guinea exported $1.85B in Gold. The main destinations of Papua New Guinea exports on Gold were Australia ($1.79B), United Arab Emirates ($35.4M), Italy ($27.2M), India ($1.64M), and Singapore ($1.61M).

In 2023, Papua New Guinea imported $11.1k in Gold, mainly from Australia ($11.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Papua New Guinea WERE (2022 - 2023):
Australia$186M (11.6%)
Singapore$542k (50.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Papua New Guinea WERE (2022 - 2023):
Italy-$49.3M (-64.5%)
United Arab Emirates-$22.9M (-39.3%)
India-$1.96M (-54.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Papua New Guinea's main exporting competitors in Gold were:
In 2023, Papua New Guinea's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $45M
TOP IMPORT POTENTIALAustralia+ $4.31k

Gold’s highest export potential is United Arab Emirates. With an export gap of $45M.   Gold’s highest import potential is Australia with an import gap of $4.31k.

See methodology.

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