Net trade in goods and services in Papua New Guinea
Papua New Guinea: Net trade in goods and services was 6.39 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
6.39 billion BoP, current US$
Change on year
up 28.0%
World rank
42nd
of 199 countries
All-time high
6.39 billion BoP, current US$
in 2024
All-time low
-2.96 billion BoP, current US$
in 2013
Years of data
49
1976–2024
Net trade in goods and services in Papua New Guinea, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Papua New Guinea is 6.39 billion BoP, current US$, measured in 2024. That is the highest value across all 49 years on record.
The figure is up 28.0% on the previous year and up 105.8% over ten years.
Over the whole period, net trade in goods and services in Papua New Guinea peaked at 6.39 billion BoP, current US$ in 2024 and was at its lowest, -2.96 billion BoP, current US$, in 2013.
That places Papua New Guinea 42nd out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Papua New Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 9.47 million BoP, current US$ | — |
| 1977 | -22.42 million BoP, current US$ | -336.8% |
| 1978 | -156.41 million BoP, current US$ | +597.7% |
| 1979 | 30.96 million BoP, current US$ | -119.8% |
| 1980 | -293.30 million BoP, current US$ | -1047.3% |
| 1981 | -513.65 million BoP, current US$ | +75.1% |
| 1982 | -501.18 million BoP, current US$ | -2.4% |
| 1983 | -412.16 million BoP, current US$ | -17.8% |
| 1984 | -339.19 million BoP, current US$ | -17.7% |
| 1985 | -172.98 million BoP, current US$ | -49.0% |
| 1986 | -128.34 million BoP, current US$ | -25.8% |
| 1987 | -166.00 million BoP, current US$ | +29.3% |
| 1988 | -221.95 million BoP, current US$ | +33.7% |
| 1989 | -263.69 million BoP, current US$ | +18.8% |
| 1990 | -127.99 million BoP, current US$ | -51.5% |
| 1991 | -198.32 million BoP, current US$ | +55.0% |
| 1992 | 268.21 million BoP, current US$ | -235.2% |
| 1993 | 971.82 million BoP, current US$ | +262.3% |
| 1994 | 953.51 million BoP, current US$ | -1.9% |
| 1995 | 1.09 billion BoP, current US$ | +14.0% |
| 1996 | 670.18 million BoP, current US$ | -38.4% |
| 1997 | 150.13 million BoP, current US$ | -77.6% |
| 1998 | 219.21 million BoP, current US$ | +46.0% |
| 1999 | 375.63 million BoP, current US$ | +71.4% |
| 2000 | 565.70 million BoP, current US$ | +50.6% |
| 2001 | 503.65 million BoP, current US$ | -11.0% |
| 2002 | -11.02 million BoP, current US$ | -102.2% |
| 2003 | 381.96 million BoP, current US$ | -3566.7% |
| 2004 | 366.34 million BoP, current US$ | -4.1% |
| 2005 | 929.79 million BoP, current US$ | +153.8% |
| 2006 | 1.05 billion BoP, current US$ | +12.8% |
| 2007 | 654.88 million BoP, current US$ | -37.6% |
| 2008 | 1.28 billion BoP, current US$ | +95.1% |
| 2009 | -134.06 million BoP, current US$ | -110.5% |
| 2010 | -231.97 million BoP, current US$ | +73.0% |
| 2011 | 108.90 million BoP, current US$ | -146.9% |
| 2012 | -1.69 billion BoP, current US$ | -1649.5% |
| 2013 | -2.96 billion BoP, current US$ | +75.2% |
| 2014 | 3.10 billion BoP, current US$ | -205.0% |
| 2015 | 3.78 billion BoP, current US$ | +21.7% |
| 2016 | 3.55 billion BoP, current US$ | -6.0% |
| 2017 | 4.51 billion BoP, current US$ | +26.9% |
| 2018 | 4.12 billion BoP, current US$ | -8.7% |
| 2019 | 4.91 billion BoP, current US$ | +19.2% |
| 2020 | 3.89 billion BoP, current US$ | -20.7% |
| 2021 | 4.60 billion BoP, current US$ | +18.2% |
| 2022 | 6.29 billion BoP, current US$ | +36.8% |
| 2023 | 4.99 billion BoP, current US$ | -20.7% |
| 2024 | 6.39 billion BoP, current US$ | +28.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -34.60 million BoP, current US$ | -156.41 million BoP, current US$ | 30.96 million BoP, current US$ | 4 |
| 1980s | -301.24 million BoP, current US$ | -513.65 million BoP, current US$ | -128.34 million BoP, current US$ | 10 |
| 1990s | 436.96 million BoP, current US$ | -198.32 million BoP, current US$ | 1.09 billion BoP, current US$ | 10 |
| 2000s | 558.43 million BoP, current US$ | -134.06 million BoP, current US$ | 1.28 billion BoP, current US$ | 10 |
| 2010s | 1.92 billion BoP, current US$ | -2.96 billion BoP, current US$ | 4.91 billion BoP, current US$ | 10 |
| 2020s | 5.23 billion BoP, current US$ | 3.89 billion BoP, current US$ | 6.39 billion BoP, current US$ | 5 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Services, value added (current US$), annual growth rate -0.1907 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4196 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 1,222 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 7.13 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 1.62 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 4,709 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.24 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4174 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is net trade in goods and services in Papua New Guinea?
- Net trade in goods and services in Papua New Guinea was 6.39 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 and services recorded in Papua New Guinea?
- The highest recorded value was 6.39 billion BoP, current US$ in 2024.
- What is the lowest net trade in goods and services recorded in Papua New Guinea?
- The lowest recorded value was -2.96 billion BoP, current US$ in 2013.
- How does Papua New Guinea rank for net trade in goods and services?
- Papua New Guinea ranks 42nd out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Papua New Guinea?
- Over the last ten years it is up 105.8%. 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 and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
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.