Major exports of Papua New Guinea
Papua New Guinea's major exports encompass mineral fuels, gold, agricultural products, copper, crude petroleum, palm oil, timber and wood products, seafood, nickel, and precious stones. These commodities contribute significantly to Papua New Guinea's economy, driving growth and employment. The country's closest trading partners vary across industries, with Japan, China, Australia, and Singapore playing crucial roles in its export market.
Mineral Fuels (including petroleum and LNG)
Mineral fuels, particularly petroleum and liquefied natural gas (LNG), are the largest exports from Papua New Guinea. The country has substantial reserves of natural gas and crude oil. With an estimated export value of $12 billion, Papua New Guinea's primary trading partners for mineral fuels include Japan, China, and Australia.
Gold
Gold is a significant export from Papua New Guinea, reflecting its rich mineral resources. The country is among the top gold producers in the world. The export volume for gold is substantial, with an approximate value of $1.5 billion. Papua New Guinea's closest trading partners for gold exports include Australia, Singapore, and the United Arab Emirates.
Agricultural Products (including palm oil and coffee)
Papua New Guinea exports various agricultural products, including palm oil, coffee, cocoa, and tropical fruits. The export value for agricultural products is around $1 billion. The primary trading partners for Papua New Guinea's agricultural exports include Indonesia, Australia, and Japan.
Copper and Copper Concentrates
Papua New Guinea exports copper and copper concentrates. The country has significant copper reserves, and the export volume for these products is considerable. With an estimated export value of $500 million, Papua New Guinea's primary trading partners for copper exports include China, Australia, and Japan.
Crude Petroleum
Apart from refined petroleum products, Papua New Guinea also exports crude petroleum. The export volume for crude petroleum is around $400 million. Papua New Guinea's closest trading partners in this sector include Japan, China, and Singapore.
Palm Oil
Palm oil is a major agricultural export from Papua New Guinea. The country has vast palm oil plantations, and the export value for palm oil is approximately $300 million. Papua New Guinea's primary trading partners for palm oil exports include China, Malaysia, and India.
Timber and Wood Products
Papua New Guinea exports timber and wood products, including logs, sawn timber, and plywood. The export value for timber and wood products is around $200 million. Papua New Guinea's closest trading partners in this sector include China, Australia, and Malaysia.
Seafood (including fish and crustaceans)
Papua New Guinea exports a variety of seafood products, including fish and crustaceans. The country has rich marine resources, and the export value for seafood is approximately $150 million. Papua New Guinea's primary trading partners for seafood exports include Japan, the United States, and China.
Nickel and Nickel Ores
Papua New Guinea exports nickel and nickel ores. The country has significant nickel reserves, and the export volume for these products is considerable. With an estimated export value of $100 million, Papua New Guinea's primary trading partners for nickel exports include China, Australia, and Japan.
Precious Stones (including diamonds)
Papua New Guinea exports precious stones, including diamonds and other gemstones. The export value for precious stones is approximately $50 million. Papua New Guinea's closest trading partners in this sector include Belgium, the United States, and Israel.
