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.

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The following section uses the most recent trade data from partners of Papua New Guinea.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Yearly Exports

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Top Export (2020): Petroleum Gas, $2.95B

Top Destination (2020): Australia, $2.39B

In 2020, Papua New Guinea exported a total of $9.34B, making it the number 90 exporter in the world. During the last five reported years the exports of Papua New Guinea have changed by $340M from $9B in 2015 to $9.34B in 2020.

The most recent exports are led by Petroleum Gas ($2.95B), Gold ($2.34B), Copper Ore ($696M), Rough Wood ($507M), and Nickel Mattes ($459M). The most common destination for the exports of Papua New Guinea are Australia ($2.39B), China ($2.09B), Japan ($1.89B), Chinese Taipei ($607M), and South Korea ($487M).

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Yearly Imports

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Top Import (2020): Refined Petroleum, $323M

Top Origin (2020): Australia, $1.13B

In 2020 Papua New Guinea imported $3.75B, making it the number 143 trade destination in the world. During the last five reported years the imports of Papua New Guinea changed by -$989M from $4.74B in 2015 to $3.75B in 2020.

The most recent imports of Papua New Guinea are led by Refined Petroleum ($323M), Excavation Machinery ($118M), Other Edible Preparations ($98.7M), Rice ($97.4M), and Crude Petroleum ($82.7M). The most common import partners for Papua New Guinea are Australia ($1.13B), China ($922M), Singapore ($515M), Malaysia ($246M), and Japan ($155M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Papua New Guinea Exports Services (2018): $388M

Papua New Guinea Imports Services (2018): $1.63B

In 2018, Papua New Guinea exported $388M worth of services. The top services exported by Papua New Guinea in 2018 were Other business services ($185M), Insurance services ($93.6M), Government services, n.i.e. ($32.8M), Construction services ($28.3M), and Financial services ($22.9M).

The top services imported by Papua New Guinea in 2018 were Other business services ($916M), Transportation ($316M), Construction services ($125M), Personal travel ($89.3M), and Insurance services ($59.1M).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Papua New Guinea are Mineral and aerated waters not sweetened or flavoured (22.1M%)and Beer made from malt (4.88M%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Papua New Guinea are:
136: Most Favoured Nation duty rate treatement
314: Preferential tariff for The Melanesian Spearhead Group (MSG)

Economic Complexity

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Most Specialized Products by RCA Index

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Papua New Guinea has a high level of specialization in Nickel Mattes (133), Vanilla (76.5), Rough Wood (68.7), Precious Metal Ore (32), and Coconut Oil (26.9). Specialization is measured using RCA, an index that takes the ratio between Papua New Guinea observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Papua New Guinea according to the product complexity index (PCI) are Navigational instruments, direction finding compasses (0.35), Cargo containers designed for carriage of goods (-0.027), Articles of wood, nes (-0.44), Veneers and sheets for plywood etc <6mm thick (-0.5), and Silver, unwrought or semi-manufactured, silver powder (-0.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Papua New Guinea according to the relatedness index, are Aluminium Ore (0.053), Coal Briquettes (0.049), Manganese Ore (0.049), Fish Oil (0.048), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.048). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Papua New Guinea is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Papua New Guinea. These are products that tend to be co-exported with the products that Papua New Guinea exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

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During the last 21 years Papua New Guinea's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨88th to the 127th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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