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Pricing

2022
Flag → Flag
Exports $11.4MRnk 171 / 224
2022
Flag → Flag
Top Product $2.26MGas Turbines
2022
Flag → Flag
Exports $205MRnk 11 / 94
2022
Flag → Flag
Top Product $179MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186

About

United Kingdom-Papua New Guinea Trade: In 2022, United Kingdom exported $11.4M to Papua New Guinea. The main products that United Kingdom exported to Papua New Guinea were Gas Turbines ($2.26M), Industrial Furnaces ($1.44M), and Iron Structures ($1.25M). Over the past 5 years the exports of United Kingdom to Papua New Guinea have decreased at an annualized rate of 17.2%, from $29.2M in 2017 to $11.4M in 2022.

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

Papua New Guinea-United Kingdom Trade: In 2022, Papua New Guinea exported $205M to United Kingdom. The main products that Papua New Guinea exported to United Kingdom were Palm Oil ($179M), Coconut Oil ($11.8M), and Processed Fish ($7.98M). Over the past 5 years the exports of Papua New Guinea to United Kingdom have increased at an annualized rate of 10.8%,  from $123M in 2017 to $205M in 2022.

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

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £191k and imported £9.2M from Papua New Guinea, resulting in a negative trade balance of £9.01M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-434k (-69.5%) from £624k to £191k, while imports increased by £8.52M (1.25k%) from £680k to £9.2M.

Trade In August 2024, the top exports of United Kingdom to Papua New Guinea were Other Construction Vehicles (£243k), Other Measuring Instruments (£58.6k), Hard Liquor (£58.4k), Non-Iron and Steel Slag, Ash and... (£36.2k), and Plastic Lids (£26.9k). In August 2024 the top imports of United Kingdom from Papua New Guinea were Processed Fish (£877k), Coffee (£279k), Glass Bottles (£47.5k), Rubber Belting (£34.3k), and Knit T-shirts (£27.1k).

Origins In August 2024 the exports of United Kingdom were mainly from East Midlands Airport (£83.7k), London Gateway (£54.6k), London Heathrow Airport (£24.3k), Aberdeen Airport (£13.3k), and Southampton (£5.71k), while imports destinations were mainly Liverpool (£8.84M), Felixstowe (£205k), London Gateway (£76.6k), East Midlands Airport (£50.3k), and Eurotunnel (£22.2k).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Papua New Guinea was explained primarily by an decrease in product exports in Brochures (£-7.06k or -68.3%), Industrial Printers (£-3.16k or -77.9%), and Computers (£-2.89k or -22.7%). In August 2024, the increase in United Kingdom's year-by-year imports  from Papua New Guinea was explained primarily by an increase in product imports  in Processed Fish (£550k or 168%) and Coffee (£24.3k or 9.54%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-434k(-69.5%)
IMPORT GROWTH (August 2023 - August 2024)£8.52M(1.25k%)
MAIN EXPORTER (August 2024)East Midlands Airport£83.7k

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Papua New Guinea and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Papua New Guinea and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $11.4M to Papua New Guinea. The main products exported from United Kingdom to Papua New Guinea were Gas Turbines ($2.26M), Industrial Furnaces ($1.44M), and Iron Structures ($1.25M). During the last 5 years the exports of United Kingdom to Papua New Guinea have decreased at an annualized rate of 17.2%, from $29.2M in 2017 to $11.4M in 2022.

In 2017, Papua New Guinea exported $205M to United Kingdom. The main products exported from Papua New Guinea to United Kingdom were Palm Oil ($179M), Coconut Oil ($11.8M), and Processed Fish ($7.98M). During the last 5 years the exports of Papua New Guinea to United Kingdom have increased at an annualized rate of 10.8%, from $123M in 2022 to $205M in 2017.

Exports from United Kingdom (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Papua New Guinea
Top DestinationJapan$4.03B

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

In 2022, countries that imported more from United Kingdom than Papua New Guinea included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Papua New Guinea than United Kingdom included Brunei ($321M).

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

Comparative Advantage United Kingdom - Papua New Guinea

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Papua New Guinea in the exports of Machines ($7.09M), Metals ($1.38M), and Instruments ($557k).

During 2017, Papua New Guinea had a large net trade with United Kingdom in the exports of Animal and Vegetable Bi-Products ($191M), Foodstuffs ($8.98M), and Vegetable Products ($2.76M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Papua New Guinea+$1.57MGas Turbines
Top Product Potential Papua New Guinea United Kingdom+$6.19MProcessed 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 United Kingdom and Papua New Guinea. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and Papua New Guinea (Flag) (2022)

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