Strong service market
Papua New Guinea has a strong services market the top goods imported into the country from the rest of the world are business services, transport, travel, construction, insurance and pension services.
Top five UK goods exported to Papua New Guinea , in the four quarters to the end of Q3 2023
| Goods | Value (£ million ) |
|---|---|
| General industrial machinery (intermediate) | |
| Specialised machinery (capital) | |
| Road vehicles other than cars (capital) | |
| Scientific instruments (capital) | |
| Specialised machinery (intermediate) |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: February 2024
Download the latest trade and investment factsheet for Papua New Guinea.
Total import value (into the UK from Papua New Guinea) and export value (from the UK into Papua New Guinea) over time
| Year | Imports (£ million ) | Exports (£ million ) | Total trade (£ million ) |
|---|---|---|---|
| 2016 | 110.0 | 70.0 | 180.0 |
| 2017 | 134.0 | 52.0 | 186.0 |
| 2018 | 107.0 | 35.0 | 142.0 |
| 2019 | 127.0 | 35.0 | 162.0 |
| 2020 | 117.0 | 19.0 | 136.0 |
| 2021 | 125.0 | 34.0 | 159.0 |
| 2022 | 210.0 | 28.0 | 238.0 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: January 2024
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Papua New Guinea.
Papua New Guinea: at a glance
Economic growth
-3.2%
Actual figure (IMF, 2020)
The UK is -11.0% (IMF, 2020, actual figure)
GDP per capita
$2,716
Actual figure (IMF, 2020)
The UK is $40,347 (IMF, 2020, actual figure)
Currency
Papua New Guinean kina
Business language
English is widely spoken
Time zone
GMT +10
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