2023
Exports
$216MWorld Rnk 90 / 214
Flag Rnk 11 / 451
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$865MWorld Rnk 114 / 226
Flag Rnk 1 / 1030
2023
ECONOMIC COMPLEXITY of Papua New Guinea
-1.63Rnk 127 / 132

About

Exports In 2023, Papua New Guinea exported $216M in Refined Petroleum, making it the 90th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most exported product in Papua New Guinea. The main destination of Refined Petroleum exports from Papua New Guinea are: China ($96.5M), Japan ($56.8M), Singapore ($30.4M), Hong Kong ($24.6M), and Malaysia ($7.09M).

The fastest growing export markets for Refined Petroleum of Papua New Guinea between 2022 and 2023 were China ($13.3M), Singapore ($1.24M), and Australia ($9.79k).

Imports In 2023, Papua New Guinea imported $865M in Refined Petroleum, becoming the 114th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Papua New Guinea. Papua New Guinea imports Refined Petroleum primarily from: Singapore ($578M), Malaysia ($141M), Chinese Taipei ($124M), Australia ($17.2M), and China ($2.25M).

The fastest growing import markets in Refined Petroleum for Papua New Guinea between 2022 and 2023 were Chinese Taipei ($62.8M), Malaysia ($24.6M), and Singapore ($6.45M).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Refined Petroleum. Countries are shown based on data availability.

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

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$216M
IMPORTS (2023)$865M
NET TRADE (2023)-$649M

In 2023, Papua New Guinea exported $216M in Refined Petroleum. The main destinations of Papua New Guinea exports on Refined Petroleum were China ($96.5M), Japan ($56.8M), Singapore ($30.4M), Hong Kong ($24.6M), and Malaysia ($7.09M).

In 2023, Papua New Guinea imported $865M in Refined Petroleum, mainly from Singapore ($578M), Malaysia ($141M), Chinese Taipei ($124M), Australia ($17.2M), and China ($2.25M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Papua New Guinea WERE (2022 - 2023):
China$13.3M (16%)
Singapore$1.24M (4.26%)
Australia$9.79k (10.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Papua New Guinea WERE (2022 - 2023):
Japan-$138M (-70.8%)
South Korea-$52.6M (-100%)
Hong Kong-$25.4M (-50.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Papua New Guinea's main exporting competitors in Refined Petroleum were:
In 2023, Papua New Guinea's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $80.8M
TOP IMPORT POTENTIALSouth Korea+ $18M

Refined Petroleum’s highest export potential is China. With an export gap of $80.8M.   Refined Petroleum’s highest import potential is South Korea with an import gap of $18M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with