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Papua New Guinea

Papua New Guinea ranked No. 156 in total trade value through October with a total of $125.25 million. Exports totaled $58.6 million and Imports totaled $66.65 million, a deficit of $8.05 million.

U.S. trade with Papua New Guinea rose to $125.25 million through October

Papua New Guinea’s trade with the United States rose to $125.25 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 38.63 percent below its total trade during the same time period last year. Papua New Guinea’s exports decreased 38.85 percent while imports fell 38.45 percent. The U.S. deficit with Papua New Guinea was $8.05 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Oakland, Calif.; No. 2 Port of Newark; No. 3 Los Angeles International Airport; No. 4 Port of Los Angeles; and No. 5 Dallas-Fort Worth International Airport, Texas. During the same period the previous year, the top five were No. 1 Port of Bellingham, Wash. No. 2 Dallas-Fort Worth International Airport, Texas No. 3 Port of Newark No. 4 Port of Oakland, Calif. and No. 5 Honolulu International Airport, Hawaii. In the current time period, the top five accounted for 51.02 percent of Papua New Guinea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. rose 27.9 percent to $20.01 million.
    Exports fell 38.36 percent to $167,745. Imports rose 29.07 percent to $19.84 million.
  • Trade with No. 2 Port of Newark fell 12.29 percent to $16.29 million.
    Exports fell 44.32 percent to $186,813. Imports fell 11.7 percent to $16.1 million.
  • Trade with No. 3 Los Angeles International Airport fell 3.59 percent to $9.6 million.
    Exports rose 13.82 percent to $4.22 million. Imports fell 13.9 percent to $5.39 million.
  • Trade with No. 4 Port of Los Angeles rose 71.72 percent to $9.23 million.
    Exports rose 194.71 percent to $6.68 million. Imports fell 18.05 percent to $2.55 million.
  • Trade with No. 5 Dallas-Fort Worth International Airport, Texas fell 73.99 percent to $8.78 million.
    Exports fell 74.16 percent to $8.72 million. Imports rose 1900 percent to $60,000.

Papua New Guinea ranked No. 156 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 141.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Papua New Guinea by value through October were the categories of Aircraft engines, engine parts; Civilian aircraft, parts; Parts for heavy machinery; Cell phones, related equipment; and Low value shipments, respectively. They accounted for 45.73 percent of total exports to Papua New Guinea.

The value of the top five categories of U.S. imports from Papua New Guinea –– Coffee; Cocoa Beans; Vanilla Beans; Value added to a returned import; and Antiques –– accounted for 94.82 percent of all inbound shipments.

Looking more closely at U.S. exports to Papua New Guinea:

  • Aircraft engines, engine parts fell 81.96 percent compared to last year to $7.3 million.
  • Civilian aircraft, parts fell 56.17 percent compared to last year to $6.77 million.
  • Parts for heavy machinery rose 67.4 percent compared to last year to $6.16 million.
  • Cell phones, related equipment rose 263.06 percent compared to last year to $4.03 million.
  • Low value shipments fell 33.47 percent compared to last year to $2.53 million.

Looking more closely at U.S. imports from Papua New Guinea:

  • Coffee rose 2.38 percent compared to last year to $36.67 million.
  • Cocoa Beans fell 20.58 percent compared to last year to $15.65 million.
  • Vanilla Beans fell 7.08 percent compared to last year to $6.26 million.
  • Value added to a returned import rose 12.26 percent compared to last year to $3.6 million.
  • Antiques fell 48.23 percent compared to last year to $1.01 million.

In the latest annual figures available, Papua New Guinea recorded $226.59 million in trade with the United States. At year’s end, its were Seattle; Dallas; New York City; Los Angeles; and San Francisco. Total U.S. exports to Papua New Guinea were $ 105.82 million and imports from Papua New Guinea were $120.77 million. The U.S. deficit with Papua New Guinea was $14.94 million.