Papua New Guinea recorded a trade surplus of 6368 PGK Million in the first quarter of 2019. Balance of Trade in Papua New Guinea averaged 1890.36 PGK Million from 1997 until 2019, reaching an all time high of 7216 PGK Million in the fourth quarter of 2018 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 5234.17 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 5551.63 in 12 months time. In the long-term, the Papua New Guinea Balance of Trade is projected to trend around 5475.52 PGK Million in 2020, according to our econometric models.

Papua New Guinea Balance of Trade
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Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 6368.00 7216.00 7216.00 75.00 PGK Million [+]
Current Account 848.00 877.30 4387.00 -2266.00 PGK Million [+]
Current Account to GDP 26.70 22.50 26.70 -36.10 percent [+]
Exports 8469.00 10176.00 10176.00 623.00 PGK Million [+]
Imports 2101.00 2960.00 3243.00 518.00 PGK Million [+]
Gold Reserves 1.96 2.00 2.00 1.96 Tonnes [+]
Crude Oil Production 51.00 51.00 115.00 3.70 BBL/D/1K [+]
Terrorism Index 2.04 0.00 2.04 0.00 [+]

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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6368.00 7216.00 7216.00 75.00 1997 - 2019 PGK Million Quarterly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1153.00 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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