Papua New Guinea / South Korea

Papua New Guinea-South Korea Trade: In 2022, Papua New Guinea exported $1.48B to South Korea. The main products that Papua New Guinea exported to South Korea were Petroleum Gas ($1.17B), Copper Ore ($92.3M), and Precious Metal Ore ($80.9M). Over the past 5 years the exports of Papua New Guinea to South Korea have increased at an annualized rate of 52.1%, from $182M in 2017 to $1.48B in 2022.

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

South Korea-Papua New Guinea Trade: In 2022, South Korea exported $142M to Papua New Guinea. The main products that South Korea exported to Papua New Guinea were Refined Petroleum ($81.8M), Cyanides ($16.7M), and Delivery Trucks ($7.9M). Over the past 5 years the exports of South Korea to Papua New Guinea have increased at an annualized rate of 27.9%,  from $41.6M in 2017 to $142M in 2022.

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

Comparison: In 2022,  Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).