Papua New Guinea recorded a trade surplus of 5203 PGK Million in the second quarter of 2018. Balance of Trade in Papua New Guinea averaged 1732.56 PGK Million from 1997 until 2018, reaching an all time high of 6699 PGK Million in the fourth quarter of 2017 and a record low of 75 PGK Million in the fourth quarter of 1997.

Balance of Trade in Papua New Guinea is expected to be 5582.00 PGK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Papua New Guinea to stand at 5234.00 in 12 months time. In the long-term, the Papua New Guinea Balance of Trade is projected to trend around 5476.00 PGK Million in 2020, according to our econometric models.

Papua New Guinea Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 5203.00 5067.00 6699.00 75.00 PGK Million [+]
Current Account 1437.10 2749.90 4387.00 -2266.00 PGK Million [+]
Current Account to GDP 15.30 19.60 19.60 -36.10 percent [+]
Imports 1775.00 2158.00 3242.90 518.00 PGK Million [+]
Exports 6978.00 7224.00 8264.00 623.00 PGK Million [+]
Gold Reserves 2.00 2.00 2.00 1.96 Tonnes [+]
Terrorism Index 2.04 0.00 2.04 0.00 [+]
Crude Oil Production 49.00 49.00 115.00 3.70 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Papua New Guinea Balance of Trade

As a major exporter of commodities, Papua New Guinea consistently runs trade surpluses. Papua New Guinea mainly exports gold, oil, copper, coffee, cocoa, vegetable oils, fish and wood. Papua New Guinea mainly imports fuel, rice, vehicles, heavy machinery, meat, iron and steel, and tires. Papua New Guinea's main trading partners are Australia, Japan, China, the United States, Singapore and the Netherlands. This page provides - Papua New Guinea Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Balance of Trade - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5203.00 5067.00 6699.00 75.00 1997 - 2018 PGK Million Quarterly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1388.18 Jan/19
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


Related

Latest