Papua New Guinea recorded a trade surplus of 6274.20 PGK Million in the third quarter of 2018. Balance of Trade in Papua New Guinea averaged 1765.65 PGK Million from 1997 until 2018, reaching an all time high of 6274.20 PGK Million in the third 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 5196.00 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 5552.00 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 6274.20 5147.00 6274.20 75.00 PGK Million [+]
Current Account 1815.80 1998.20 4387.00 -2266.00 PGK Million [+]
Current Account to GDP 26.70 22.50 26.70 -36.10 percent [+]
Imports 1921.00 2096.00 3242.90 518.00 PGK Million [+]
Exports 8195.70 7243.00 8519.00 623.00 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 52.00 52.00 115.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6274.20 5147.00 6274.20 75.00 1997 - 2018 PGK Million Quarterly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 528.50 Mar/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


Related

Latest