Overview: In 2018 Papua New Guinea was the number 113 economy in the world in terms of GDP (current US$), the number 94 in total exports, the number 139 in total imports, and the number 137 most complex economy according to the Economic Complexity Index (ECI). In 2018, Papua New Guinea exported $8.53B and imported $4.24B, resulting in a positive trade balance of $4.29B. In 2018, Papua New Guinea's exports per capita were $991 and its imports per capita were $493.
Trade: The top exports of Papua New Guinea are Gold ($2.21B), Petroleum Gas ($1.92B), Rough Wood ($827M), Crude Petroleum ($678M), and Nickel Mattes ($517M). The top imports of Papua New Guinea are Refined Petroleum ($454M), Crude Petroleum ($253M), Excavation Machinery ($137M), Other Edible Preparations ($88.1M), and Large Construction Vehicles ($85.4M).
Destinations: Papua New Guinea exports mostly to Australia ($2.66B), China ($2.66B), Chinese Taipei ($603M), Netherlands ($345M), and South Korea ($295M), and imports mostly from Australia ($1.34B), China ($786M), Singapore ($520M), Malaysia ($453M), and Indonesia ($214M).
Location: Papua New Guinea borders Indonesia by land and Australia, Micronesia, Solomon Islands, and New Caledonia by sea.