Papua New Guinea recorded a trade surplus of 6832 PGK Million in the second quarter of 2021. source: Bank of Papua New Guinea

Balance of Trade in Papua New Guinea averaged 2255.57 PGK Million from 1997 until 2021, reaching an all time high of 7131 PGK Million in the third quarter of 2019 and a record low of 75 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 May of 2022.

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 6832.00 5797.00 PGK Million Jun 2021
Current Account 5882.00 3720.00 PGK Million Jun 2021
Exports 9434.00 7873.00 PGK Million Jun 2021
Imports 2602.00 2076.00 PGK Million Jun 2021
Foreign Direct Investment 53.00 117.00 PGK Million Jun 2021
Capital Flows -5401.00 -5008.00 PGK Million Jun 2021

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
6832.00 5797.00 7131.00 75.00 1997 - 2021 PGK Million Quarterly