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: 10.14 million (2022)
GDP: 30.63 billion USD (2022)
Corporate Tax Rate: 27.5%
Personal Income Tax Rate: 42%
Major Exports: The top exports of Papua New Guinea are Petroleum Gas ($7.71B), Gold ($1.74B), Palm Oil ($1.03B), Crude Petroleum ($934M), and Copper Ore ($826M), exporting mostly to Japan ($4.03B), China ($3.44B), Australia ($1.74B), South Korea ($1.48B), and Chinese Taipei ($1.46B).
Major Imports: The top imports of Papua New Guinea are Refined Petroleum ($858M), Rice ($160M), Excavation Machinery ($123M), Delivery Trucks ($114M), and Broadcasting Equipment ($104M), importing mostly from China ($1.43B), Australia ($1.27B), Singapore ($857M), Malaysia ($508M), and Indonesia ($245M).
Investment Agency: PNG Investment Promotion Authority
Website: https://www.ipa.gov.pg/
National Chamber of Commerce: PNG Chamber of Commerce and Industry
Website: https://www.pngcci.org.pg/
Customs Agency: Papua New Guinea Customs Service
Website: http://www.customs.gov.pg/
