Papua New Guinea recorded a trade surplus of 7991 PGK Million in the fourth quarter of 2018. Balance of Trade in Papua New Guinea averaged 1837.21 PGK Million from 1997 until 2018, reaching an all time high of 7991 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 5567.85 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 7991.00 6274.20 7991.00 75.00 PGK Million [+]
Current Account 132.40 2253.60 4387.00 -2266.00 PGK Million [+]
Current Account to GDP 26.70 22.50 26.70 -36.10 percent [+]
Exports 9663.00 8195.70 9663.00 623.00 PGK Million [+]
Imports 1672.00 1921.00 3242.90 518.00 PGK Million [+]
Gold Reserves 2.00 2.00 2.00 1.96 Tonnes [+]
Crude Oil Production 52.00 52.00 115.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7991.00 6274.20 7991.00 75.00 1997 - 2018 PGK Million Quarterly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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