Overview In 2020, Papua New Guinea was the number 103 economy in the world in terms of GDP (current US$), the number 90 in total exports, the number 143 in total imports,
the number 140 economy in terms of GDP per capita (current US$) and the number 127 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Papua New Guinea are Petroleum Gas ($2.95B), Gold ($2.34B), Copper Ore ($696M), Rough Wood ($507M), and Nickel Mattes ($459M), exporting mostly to Australia ($2.39B), China ($2.09B), Japan ($1.89B), Chinese Taipei ($607M), and South Korea ($487M).
Imports The top imports of Papua New Guinea are Refined Petroleum ($323M), Excavation Machinery ($118M), Other Edible Preparations ($98.7M), Rice ($97.4M), and Crude Petroleum ($82.7M), importing mostly from Australia ($1.13B), China ($922M), Singapore ($515M), Malaysia ($246M), and Japan ($155M).
Location Papua New Guinea borders Indonesia by land and Australia, Micronesia, Solomon Islands, and New Caledonia by sea.