Papua New Guinea (PNG) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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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.

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 4.07%, from $26.5M in 2018 to $33.6M in 2023.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $27.8M in 2023.

In 2018, 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 4.07%, from $26.5M in 2023 to $33.6M in 2018.

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

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

Latest Data

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

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationChina$3.55B

Hong Kong
Top DestinationChina$25.3B

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

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

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).

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

Comparative Advantage Papua New Guinea - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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).

During 2018, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Papua New Guinea Hong Kong+$24.5MRefined Petroleum

Top Product Potential Hong Kong Papua New Guinea+$4.49MTelephones

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

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

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

Hong Kong Exports

Market Competitiveness

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

Comparative Advantage Papua New Guinea - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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