[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · PNG · 2024
Papua New Guinea trade profile
In 2024, Papua New Guinea recorded $9.1B in merchandise exports and $3.7B in imports, producing a $5.4B trade surplus. Exports changed -23.1% from the previous year, while imports changed -36.2%.[1]
Exports
$9.1B
-23.1%
Imports
$3.7B
-36.2%
Trade balance
$5.4B
surplus
Active partners
270
40 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$4.2B
HS 27 · Mineral fuels and oils
27 active HS6 lines · 15 export partners
2$1.7B
HS 71 · Precious metals and stones
22 active HS6 lines · 16 export partners
3$1.2B
HS 26 · HS chapter
12 active HS6 lines · 15 export partners
4$513.8M
HS 15 · HS chapter
34 active HS6 lines · 20 export partners
5$353.4M
HS 44 · HS chapter
72 active HS6 lines · 31 export partners
6$274.5M
HS 75 · HS chapter
4 active HS6 lines · 1 export partners
7$235.6M
HS 09 · HS chapter
39 active HS6 lines · 69 export partners
8$209.5M
HS 16 · HS chapter
36 active HS6 lines · 35 export partners
Leading export markets
Destinations rank bilateral export flows from Papua New Guinea; growth describes each corridor rather than the whole economy.
1$2.1B
China
Annual change -23.8% · 3-year CAGR -1.9%
2$2.0B
Japan
Annual change -24.5% · 3-year CAGR -7.2%
3$1.7B
Australia
Annual change -12.9% · 3-year CAGR 16.2%
4$636.6M
South Korea
Annual change +6.6% · 3-year CAGR 24.6%
5$623.4M
Taiwan
Annual change -26.2% · 3-year CAGR -3.6%
6$255.1M
India
Annual change -31.7% · 3-year CAGR 10.3%
7$205.4M
Singapore
Annual change -13.4% · 3-year CAGR -29.2%
8$204.8M
Malaysia
Annual change +11.2% · 3-year CAGR -0.9%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.