Papua New Guinea recorded a trade surplus of 6416 PGK Million in the fourth quarter of 2020. source: Bank of Papua New Guinea

Balance of Trade in Papua New Guinea averaged 2191.88 PGK Million from 1997 until 2020, reaching an all time high of 7145 PGK Million in the third quarter of 2019 and a record low of 75 PGK Million in the fourth quarter of 1997. 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 - values, historical data and charts - was last updated on September of 2021.

Balance of Trade in Papua New Guinea is expected to be 5568.00 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 5475.52 in 12 months time. In the long-term, the Papua New Guinea Balance of Trade is projected to trend around 5511.00 PGK Million in 2022 and 5476.00 PGK Million in 2023, according to our econometric models.

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Papua New Guinea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6416.00 5278.00 7145.00 75.00 1997 - 2020 PGK Million Quarterly

Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 6416.00 5278.00 7145.00 75.00 PGK Million [+]
Current Account 5741.00 4470.00 6342.00 -2266.00 PGK Million [+]
Current Account to GDP 16.90 20.40 24.70 -16.60 percent of GDP [+]
Imports 1789.00 2136.00 3881.00 518.00 PGK Million [+]
Exports 8204.00 7415.00 10573.00 623.00 PGK Million [+]
Gold Reserves 1.96 1.96 1.96 1.96 Tonnes [+]
Foreign Direct Investment 110.00 127.00 968.00 -799.00 PGK Million [+]
Capital Flows -2986.00 -5177.00 1881.00 -6969.00 PGK Million [+]
Crude Oil Production 38.00 38.00 128.00 4.00 BBL/D/1K [+]
Terrorism Index 0.69 1.36 2.04 0.00 [+]

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.