Papua New Guinea recorded a trade surplus of 10071 PGK Million in the second quarter of 2022. source: Bank of Papua New Guinea

Balance of Trade in Papua New Guinea averaged 2476.21 PGK Million from 1997 until 2022, reaching an all time high of 10071.00 PGK Million in the second quarter of 2022 and a record low of 75.00 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 February of 2023.

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. In the long-term, the Papua New Guinea Balance of Trade is projected to trend around 5511.00 PGK Million in 2023 and 5476.00 PGK Million in 2024, according to our econometric models.

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Papua New Guinea Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 10071.00 7838.00 PGK Million Jun 2022
Current Account 8453.00 6721.00 PGK Million Jun 2022
Exports 12860.00 10475.00 PGK Million Jun 2022
Imports 2789.00 2636.00 PGK Million Jun 2022
Foreign Direct Investment -110.00 920.00 PGK Million Jun 2022
Capital Flows -7409.00 -7525.00 PGK Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
10071.00 7838.00 10071.00 75.00 1997 - 2022 PGK Million Quarterly