Papua New Guinea recorded a trade surplus of 7349 PGK Million in the second quarter of 2019. Balance of Trade in Papua New Guinea averaged 1951.70 PGK Million from 1997 until 2019, reaching an all time high of 7349 PGK Million in the second quarter of 2019 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 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 5560.00 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.

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Papua New Guinea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
7349.00 6368.00 7349.00 75.00 1997 - 2019 PGK Million Quarterly


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.

Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 7349.00 6368.00 7349.00 75.00 PGK Million [+]
Current Account 2473.00 1431.70 4387.00 -2266.00 PGK Million [+]
Current Account to GDP 26.70 22.50 26.70 -36.10 percent [+]
Exports 9464.00 8469.00 10176.00 623.00 PGK Million [+]
Imports 2115.00 2101.00 3243.00 518.00 PGK Million [+]
Gold Reserves 1.96 1.96 2.00 1.96 Tonnes [+]
Crude Oil Production 51.00 51.00 115.00 3.70 BBL/D/1K [+]
Terrorism Index 1.36 2.04 2.04 0.00 [+]