Papua New Guinea's net trade in goods and services (current US$, BoP) was US$6.39 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 105.82% from US$3.1 billion in 2014 (7.49% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$6.39 billion | 2024 |
| Five years earlier | US$4.91 billion | 2019 |
| Ten years earlier | US$3.1 billion | 2014 |
| Highest | US$6.39 billion | 2024 |
| Lowest | −US$2.96 billion | 2013 |
| Average since 2015 | US$4.7 billion | 2015–2024 |
| First recorded | US$9.47 million |
What the numbers say
In 2024, Papua New Guinea's net trade in goods and services (current US$, BoP) rose US$1.4 billion on 2023 (from US$4.99 billion to US$6.39 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$133.99 million and a typical year strayed about US$1.36 billion from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$6.06 billion in 2014 and the biggest yearly fall was US$1.8 billion in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$260.24 million a year. A straight line explains 64% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Papua New Guinea had the 2nd highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Papua New Guinea in the 2024 ranking
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 49 values
| Year | Net trade in goods and services (current US$, BoP) |
|---|---|
| 2024 | 6,389,245,856 |
| 2023 | 4,991,658,001 |
| 2022 | 6,293,492,871 |
| 2021 | 4,601,985,920 |
| 2020 | 3,892,732,293 |
| 2019 | 4,907,180,496 |
| 2018 | 4,117,341,903 |
| 2017 | 4,508,676,329 |
| 2016 | 3,552,283,354 |
| 2015 | 3,778,083,416 |
Net trade in goods and services (current US$, BoP) in nearby economies
- Australia — US$4.58 billion (2025)
- Brunei Darussalam — US$2.94 billion (2025)
- Cambodia — −US$3.44 billion (2025)
- China — US$822.44 billion (2025)
- Fiji — −US$604.27 million (2024)
- French Polynesia — −US$670.14 million (2016)
- Hong Kong SAR, China — US$12.43 billion (2025)
- Indonesia — US$29.65 billion (2025)
- Japan — −US$26.84 billion (2025)
- Kiribati
More economic policy & debt data for Papua New Guinea
- GDP (current US$) — US$32.5 billion (2025)
- GDP (current LCU) — 133.98 billion (2025)
- GDP (constant 2015 US$) — US$28.68 billion (2025)
- GDP (constant LCU) — 76.24 billion (2025)
- GDP per capita (current US$) — US$3,020 (2025)
- GDP per capita (current LCU) — 12,449 (2025)
- GDP per capita (constant 2015 US$) — US$2,665 (2025)
- GDP per capita (constant LCU) — 7,084 (2025)
- GNI (current US$) — US$30.16 billion (2025)
- GNI (current LCU) — 124.34 billion (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Papua New Guinea's net trade in goods and services (current US$, BoP)?
- US$6.39 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 67,393% from US$9.47 million in 1976 (14.54% a year on average, compounded). The highest value was US$6.39 billion in 2024 and the lowest −US$2.96 billion in 2013.
- How does Papua New Guinea rank?
- 2nd highest of 29 economies with data for 2024.
- Is the latest change in net trade in goods and services (current US$, BoP) unusual for Papua New Guinea?
- In 2024, Papua New Guinea's net trade in goods and services (current US$, BoP) rose US$1.4 billion on 2023 (from US$4.99 billion to US$6.39 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$133.99 million and a typical year strayed about US$1.36 billion from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.GSR.GNFS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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