2022
Exports
$7.71BWorld Rnk 20 / 160
Flag Rnk 1 / 473
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$473kWorld Rnk 183 / 222
Flag Rnk 492 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $7.71B in Petroleum Gas, making it the 20th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most exported product in Papua New Guinea. The main destination of Petroleum Gas exports from Papua New Guinea are: Japan ($3.25B), China ($1.77B), Chinese Taipei ($1.44B), South Korea ($1.17B), and Thailand ($77M).

The fastest growing export markets for Petroleum Gas of Papua New Guinea between 2021 and 2022 were Japan ($1.31B), South Korea ($935M), and Chinese Taipei ($735M).

Imports In 2022, Papua New Guinea imported $473k in Petroleum Gas, becoming the 183rd largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 492nd most imported product in Papua New Guinea. Papua New Guinea imports Petroleum Gas primarily from: New Zealand ($408k), South Korea ($42.3k), Australia ($14.6k), and United Kingdom ($8.87k).

The fastest growing import markets in Petroleum Gas for Papua New Guinea between 2021 and 2022 were New Zealand ($408k), South Korea ($42.3k), and United Kingdom ($2.48k).

Latest Trends

Aug 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 Petroleum Gas. 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)$7.71B
IMPORTS (2022)$473k
NET TRADE (2022)$7.71B

In 2022, Papua New Guinea exported $7.71B in Petroleum Gas. The main destinations of Papua New Guinea exports on Petroleum Gas were Japan ($3.25B), China ($1.77B), Chinese Taipei ($1.44B), South Korea ($1.17B), and Thailand ($77M).

In 2022, Papua New Guinea imported $473k in Petroleum Gas, mainly from New Zealand ($408k), South Korea ($42.3k), Australia ($14.6k), and United Kingdom ($8.87k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
Japan$1.31B (67.7%)
South Korea$935M (396%)
Chinese Taipei$735M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Papua New Guinea WERE (2021 - 2022):
Hong Kong-$68M (-100%)
Spain-$7.55M (-100%)
Singapore-$124 (-96.1%)

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 Petroleum Gas were:
In 2022, Papua New Guinea's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $720M
TOP IMPORT POTENTIALAustralia+ $59.6k

Petroleum Gas’s highest export potential is China. With an export gap of $720M.   Petroleum Gas’s highest import potential is Australia with an import gap of $59.6k.

See methodology.

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