Papua New Guinea
On this page you will find beneficial information regarding foreign direct investment in / trading with Papua New Guinea. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Constitutional Parliamentary Democracy
Population: 9.949 million (2021)
GDP: 26.59 billion USD (2021)
Corporate Tax Rate: 30%
Personal Income Tax Rate: 42%
Major Exports: Petroleum Gas ($4.17B), Gold ($1.72B), Copper Ore ($815M), Palm Oil ($706M), and Nickel Mattes ($662M), exporting mostly to Japan ($2.71B), China ($2.71B), Australia ($1.7B), Chinese Taipei ($697M), and South Korea ($617M).
Major Imports: Refined Petroleum ($421M), Rice ($123M), Delivery Trucks ($105M), Excavation Machinery ($98.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($86.3M), importing mostly from Australia ($1.13B), China ($1.05B), Singapore ($539M), Malaysia ($340M), and Indonesia ($197M).
Investment Agency: PNG Investment Promotion Authority
National Chamber of Commerce: PNG Chamber of Commerce and Industry
Customs Agency: Papua New Guinea Customs Service