2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP
$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
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GDP GROWTH
43.9%CURRENT US$
Rnk 78 / 186
2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC
$3,020CURRENT US$
Rnk 133 / 186
2012-2022
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GDP PC GROWTH
13.8%CURRENT US$
Rnk 100 / 186

About

Finland-Papua New Guinea Trade: In 2022, Finland exported $752k to Papua New Guinea. The main products that Finland exported to Papua New Guinea were Other Construction Vehicles ($367k), Traffic Signals ($104k), and Metalworking Machine Parts ($93.2k). Over the past 5 years the exports of Finland to Papua New Guinea have decreased at an annualized rate of 22.5%, from $2.69M in 2017 to $752k in 2022.

In 2022, Finland did not export any services to Papua New Guinea.

Papua New Guinea-Finland Trade: In 2022, Papua New Guinea exported $77.3M to Finland. The main products that Papua New Guinea exported to Finland were Precious Metal Ore ($77M), Processed Fish ($177k), and Interior Decorative Glassware ($43k). Over the past 5 years the exports of Papua New Guinea to Finland have increased at an annualized rate of 123%,  from $1.39M in 2017 to $77.3M in 2022.

In 2022, Papua New Guinea did not export any services to Finland.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $752k to Papua New Guinea. The main products exported from Finland to Papua New Guinea were Other Construction Vehicles ($367k), Traffic Signals ($104k), and Metalworking Machine Parts ($93.2k). During the last 5 years the exports of Finland to Papua New Guinea have decreased at an annualized rate of 22.5%, from $2.69M in 2017 to $752k in 2022.

In 2017, Papua New Guinea exported $77.3M to Finland. The main products exported from Papua New Guinea to Finland were Precious Metal Ore ($77M), Processed Fish ($177k), and Interior Decorative Glassware ($43k). During the last 5 years the exports of Papua New Guinea to Finland have increased at an annualized rate of 123%, from $1.39M in 2022 to $77.3M in 2017.

Exports from Finland (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Papua New Guinea (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Papua New Guinea
Top Destination
Japan$4.03B

This map shows whether countries import more from Finland or Papua New Guinea. Each country is colored based on the difference in imports they receive from Finland and Papua New Guinea or the difference in the growth in imports.

In 2022, countries that imported more from Finland than Papua New Guinea included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

In 2022, countries that imported more from Papua New Guinea than Finland included Japan ($4.03B), Chinese Taipei ($1.46B), and Australia ($1.74B).

Difference in imports from Papua New Guinea (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Papua New Guinea

Flow
Scale

This chart compares trade between Finland and Papua New Guinea by product, considering products traded by both, Finland and Papua New Guinea.

During 2022, Finland had a large net trade with Papua New Guinea in the exports of Machines ($687k), Instruments ($51.3k), and Plastics and Rubbers ($5.72k).

During 2017, Papua New Guinea had a large net trade with Finland in the exports of Mineral Products ($77M), Foodstuffs ($177k), and Stone And Glass ($43k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Papua New Guinea+$151kOther Construction Vehicles
Top Product Potential Papua New Guinea Finland+$298kProcessed Fish

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Finland and Papua New Guinea. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Papua New Guinea. Similarly, a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Finland.

Product Space of Finland (Flag) and Papua New Guinea (Flag) (2022)

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