Net trade in goods in Papua New Guinea
Papua New Guinea: Net trade in goods was 8.71 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods in Papua New Guinea, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods in Papua New Guinea stood at 8.71 billion BoP, current US$.
That represents a change of up 17.4% on the previous year and up 67.8% over ten years.
Over the whole period, net trade in goods in Papua New Guinea peaked at 8.73 billion BoP, current US$ in 2022 and was at its lowest, -256.28 million BoP, current US$, in 1981.
That places Papua New Guinea 37th out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 122.86 million BoP, current US$ | 25.09 million BoP, current US$ | 226.94 million BoP, current US$ | 4 |
| 1980s | -40.64 million BoP, current US$ | -256.28 million BoP, current US$ | 114.32 million BoP, current US$ | 10 |
| 1990s | 822.03 million BoP, current US$ | 69.22 million BoP, current US$ | 1.47 billion BoP, current US$ | 10 |
| 2000s | 1.51 billion BoP, current US$ | 580.84 million BoP, current US$ | 2.67 billion BoP, current US$ | 10 |
| 2010s | 4.16 billion BoP, current US$ | 528.19 million BoP, current US$ | 6.72 billion BoP, current US$ | 10 |
| 2020s | 7.37 billion BoP, current US$ | 5.49 billion BoP, current US$ | 8.73 billion BoP, current US$ | 5 |
Countries ranked near Papua New Guinea
- 34 Venezuela 11.06 billion BoP, current US$ compare
- 35 Kazakhstan 11.04 billion BoP, current US$ compare
- 36 Finland 9.32 billion BoP, current US$ compare
- 38 Guyana 7.21 billion BoP, current US$ compare
- 39 Azerbaijan 6.38 billion BoP, current US$ compare
- 40 Ecuador 6.36 billion BoP, current US$ compare
More economy & growth data for Papua New Guinea
- Changes in inventories 236.30 million current LCU (2004)
- GDP 133.98 billion current LCU (2025)
- GDP 32.50 billion current US$ (2025)
- Gross fixed capital formation 712.14 million current US$ (2004)
- Gross fixed capital formation 2.29 billion current LCU (2004)
- Gross fixed capital formation -0.5% (2004)
- Gross value added at basic prices (GVA) 68.71 billion constant LCU (2024)
- Gross fixed capital formation 18.1% (2004)
- Changes in inventories 73.35 million current US$ (2004)
- Gross capital formation 20.0% (2004)
Frequently asked questions
- What is net trade in goods in Papua New Guinea?
- Net trade in goods in Papua New Guinea was 8.71 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Papua New Guinea?
- The highest recorded value was 8.73 billion BoP, current US$ in 2022.
- What is the lowest net trade in goods recorded in Papua New Guinea?
- The lowest recorded value was -256.28 million BoP, current US$ in 1981.
- How does Papua New Guinea rank for net trade in goods?
- Papua New Guinea ranks 37th out of 199 countries with data for 2024.
- Is net trade in goods rising or falling in Papua New Guinea?
- Over the last ten years it is up 67.8%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.