2023
Exports
$5.59BWorld Rnk 18 / 163
Flag Rnk 1 / 451
falsefalse Japan
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$6.75MWorld Rnk 141 / 220
Flag Rnk 155 / 1030
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Exports In 2023, Papua New Guinea exported $5.59B in Petroleum Gas, making it the 18th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most exported product in Papua New Guinea. The main destination of Petroleum Gas exports from Papua New Guinea are: Japan ($2.76B), China ($1.85B), Chinese Taipei ($982M), and Australia ($401k).

Imports In 2023, Papua New Guinea imported $6.75M in Petroleum Gas, becoming the 141st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 155th most imported product in Papua New Guinea. Papua New Guinea imports Petroleum Gas primarily from: Australia ($6.74M), Singapore ($6.39k), and China ($4.48k).

The fastest growing import markets in Petroleum Gas for Papua New Guinea between 2022 and 2023 were Australia ($6.73M), Singapore ($6.39k), and China ($4.48k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Petroleum Gas. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.59B
IMPORTS (2023)$6.75M
NET TRADE (2023)$5.58B

In 2023, Papua New Guinea exported $5.59B in Petroleum Gas. The main destinations of Papua New Guinea exports on Petroleum Gas were Japan ($2.76B), China ($1.85B), Chinese Taipei ($982M), and Australia ($401k).

In 2023, Papua New Guinea imported $6.75M in Petroleum Gas, mainly from Australia ($6.74M), Singapore ($6.39k), and China ($4.48k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Papua New Guinea WERE (2022 - 2023):
South Korea-$1.34B (-100%)
Japan-$967M (-26%)
Chinese Taipei-$460M (-31.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Papua New Guinea's main exporting competitors in Petroleum Gas were:
In 2023, Papua New Guinea's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $720M
TOP IMPORT POTENTIALAustralia+ $59.6k

Petroleum Gas’s highest export potential is China. With an export gap of $720M.   Petroleum Gas’s highest import potential is Australia with an import gap of $59.6k.

See methodology.

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