India / Papua New Guinea

Overview In August 2024, India exported $4.48M and imported $32.3M from Papua New Guinea, resulting in a negative trade balance of $27.8M. Between August 2023 and August 2024 the exports of India have decreased by $-919k (-17%) from $5.4M to $4.48M, while imports decreased by $-8.64M (-21.1%) from $41M to $32.3M.

Trade In August 2024, the top exports of India to Papua New Guinea were Other Construction Machinery ($2.43M), Drug Formulations, Biologicals ($2.02M), Products Of Iron And Steel ($763k), Indl. Machnry For Dairy Etc ($683k), and Rice(Other Than Basmoti) ($538k). In August 2024 the top imports of India from Papua New Guinea were Vegetable Oils ($19M), Oil Meals ($902k), Plywood And Allied Products ($502k), Other Wood And Wood Products ($106k), and Other Commodities ($80k).

Growth In August 2024, the decrease in India's year-by-year exports to Papua New Guinea was explained primarily by an decrease in product exports in Rice(Other Than Basmoti) ($-1.11M or -67.3%), Other Misc. Engineering Items ($-347k or -95.3%), and Electronics Components ($-325k or -98.7%). In August 2024, the decrease in India's year-by-year imports  from Papua New Guinea was explained primarily by an decrease in product imports  in Vegetable Oils ($-10.5M or -35.7%), Other Wood And Wood Products ($-4.22M or -97.6%), and Plywood And Allied Products ($-577k or -53.5%).