2023
Flag  
GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
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 GDP
$30.7BCURRENT US$
Rnk 110 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 87 / 195
2023
Flag
GDP PC 
$50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC
$2,958CURRENT US$
Rnk 142 / 196
2013-2023
Flag
GDP PC GROWTH
15.5%CURRENT US$
Rnk 117 / 195

About

Hong Kong-Papua New Guinea Trade: In 2023, Hong Kong exported $33.6M to Papua New Guinea. The main products that Hong Kong exported to Papua New Guinea were Broadcasting Equipment ($19.2M), Flavored Water ($3.08M), and Computers ($2.51M). Over the past 5 years the exports of Hong Kong to Papua New Guinea have increased at an annualized rate of 4.91%, from $26.5M in 2018 to $33.6M in 2023.

In 2023, Hong Kong did not export any services to Papua New Guinea.

Papua New Guinea-Hong Kong Trade: In 2023, Papua New Guinea exported $27.8M to Hong Kong. The main products that Papua New Guinea exported to Hong Kong were Refined Petroleum ($24.6M), Precious Metal Scraps ($1.3M), and Dried/Salted/Smoked/Brined Fish ($1.07M). Over the past 5 years the exports of Papua New Guinea to Hong Kong have decreased at an annualized rate of 11.9%,  from $52.5M in 2018 to $27.8M in 2023.

In 2023, Papua New Guinea did not export any services to Hong Kong.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Papua New Guinea ranked 127 in the Economic Complexity Index (ECI -1.63), and 93 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $33.6M to Papua New Guinea. The main products exported from Hong Kong to Papua New Guinea were Broadcasting Equipment ($19.2M), Flavored Water ($3.08M), and Computers ($2.51M). During the last 5 years the exports of Hong Kong to Papua New Guinea have increased at an annualized rate of 4.91%, from $26.5M in 2018 to $33.6M in 2023.

In 2018, Papua New Guinea exported $27.8M to Hong Kong. The main products exported from Papua New Guinea to Hong Kong were Refined Petroleum ($24.6M), Precious Metal Scraps ($1.3M), and Dried/Salted/Smoked/Brined Fish ($1.07M). During the last 5 years the exports of Papua New Guinea to Hong Kong have decreased at an annualized rate of 11.9%, from $52.5M in 2023 to $27.8M in 2018.

Exports from Hong Kong (Flag) to Papua New Guinea (Flag) (2023)

Exports from Papua New Guinea (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Papua New Guinea (Flag)

Hong Kong Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$25.3B
Papua New Guinea
Top Destination
China$3.55B

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

In 2023, countries that imported more from Hong Kong than Papua New Guinea included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Papua New Guinea than Hong Kong included Australia ($2.07B), Japan ($3.19B), and Finland ($85.1M).

Difference in imports from Papua New Guinea (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Papua New Guinea

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Papua New Guinea in the exports of Machines ($26.9M), Foodstuffs ($3.09M), and Chemical Products ($797k).

During 2018, Papua New Guinea had a large net trade with Hong Kong in the exports of Mineral Products ($24.6M), Animal Products ($1.36M), and Precious Metals ($1.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Papua New Guinea+$4.49MTelephones
Top Product Potential Papua New Guinea Hong Kong+$24.5MRefined Petroleum

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 Hong Kong and Papua New Guinea. This means that a dot/product with the flag of Hong Kong 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 Hong Kong.

Product Space of Hong Kong (Flag) and Papua New Guinea (Flag) (2023)

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