Papua New Guinea (PNG) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Papua New Guinea-Vietnam Trade: In 2021, Papua New Guinea exported $16.3M to Vietnam. The main products that Papua New Guinea exported to Vietnam were N/A. Over the past 6 years the exports of Papua New Guinea to Vietnam have decreased at an annualized rate of 3.32%, from $19.9M in 2015 to $16.3M in 2021.

In 2021, Papua New Guinea did not export any services to Vietnam.

Vietnam-Papua New Guinea Trade: In 2021, Vietnam exported $45.4M to Papua New Guinea. The main products that Vietnam exported to Papua New Guinea were N/A. Over the past 6 years the exports of Vietnam to Papua New Guinea have decreased at an annualized rate of 18.9%, from $129M in 2015 to $45.4M in 2021.

In 2021, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Papua New Guinea exported $16.3M to Vietnam. There were not main exports from Papua New Guinea to Vietnam in 2021. During the last 6 years the exports of Papua New Guinea to Vietnam have decreased at an annualized rate of 3.32%, from $19.9M in 2015 to $16.3M in 2021.

In 2016, Vietnam exported $45.4M to Papua New Guinea. There were not main exports from Vietnam to Papua New Guinea in 2016. During the last 5 years the exports of Vietnam to Papua New Guinea have decreased at an annualized rate of 18.9%, from $129M in 2021 to $45.4M in 2016.

Exports from Papua New Guinea () to Vietnam () (2021)

Exports from Vietnam () to Papua New Guinea () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationJapan$4.03B

Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Papua New Guinea included United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Papua New Guinea had a large net trade with Vietnam in the exports of .

During 2016, Vietnam had a large net trade with Papua New Guinea in the exports of .

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 Vietnam+$7.14kPetroleum Gas

Top Product Potential Vietnam Papua New Guinea+$5.53kTelephones

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 Vietnam. This means that a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam 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 Vietnam () (2021)

Exports from Vietnam () to Papua New Guinea () (2021)

Market Competitiveness

Difference in imports from Vietnam () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Papua New Guinea () and Vietnam () (2021)

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