2022
Exports
$394MWorld Rnk 80 / 214
Flag Rnk 8 / 473
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$858MWorld Rnk 116 / 225
Flag Rnk 1 / 1017
2022
ECONOMIC COMPLEXITY of Papua New Guinea
-1.53Rnk 125 / 133

About

Exports In 2022, Papua New Guinea exported $394M in Refined Petroleum, making it the 80th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most exported product in Papua New Guinea. The main destination of Refined Petroleum exports from Papua New Guinea are: Japan ($174M), China ($74.2M), South Korea ($47M), Hong Kong ($44.6M), and Singapore ($26.1M).

The fastest growing export markets for Refined Petroleum of Papua New Guinea between 2021 and 2022 were China ($50.9M), South Korea ($26.2M), and Singapore ($26.1M).

Imports In 2022, Papua New Guinea imported $858M in Refined Petroleum, becoming the 116th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Papua New Guinea. Papua New Guinea imports Refined Petroleum primarily from: Singapore ($572M), Malaysia ($117M), South Korea ($81.8M), Chinese Taipei ($61M), and Australia ($15.3M).

The fastest growing import markets in Refined Petroleum for Papua New Guinea between 2021 and 2022 were Singapore ($174M), Malaysia ($83.9M), and South Korea ($63.4M).

Latest Trends

Apr 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 Refined 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)$394M
IMPORTS (2022)$858M
NET TRADE (2022)-$464M

In 2022, Papua New Guinea exported $394M in Refined Petroleum. The main destinations of Papua New Guinea exports on Refined Petroleum were Japan ($174M), China ($74.2M), South Korea ($47M), Hong Kong ($44.6M), and Singapore ($26.1M).

In 2022, Papua New Guinea imported $858M in Refined Petroleum, mainly from Singapore ($572M), Malaysia ($117M), South Korea ($81.8M), Chinese Taipei ($61M), and Australia ($15.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Papua New Guinea WERE (2021 - 2022):
China$50.9M (218%)
South Korea$26.2M (126%)
Singapore$26.1M (74.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Papua New Guinea WERE (2021 - 2022):
Japan-$147M (-45.7%)
Chinese Taipei-$34.5M (-100%)
North Korea-$8.21M (-100%)

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 Refined Petroleum were:
In 2022, Papua New Guinea's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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