Papua New Guinea

Papua New Guinea ranked No. 157 in total trade value through June with a total of $59.6 million. Exports totaled $30.51 million and Imports totaled $29.09 million, a surplus of $1.42 million.

U.S. trade with Papua New Guinea rose to $59.6 million through June

Papua New Guinea’s trade with the United States rose to $59.6 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 24.13 percent below its total trade during the same time period last year. U.S. exports to Papua New Guinea decreased 35.44 percent while U.S. imports from Papua New Guinea fell 7.05 percent. The U.S. surplus with Papua New Guinea was $1.42 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Oakland, Calif.; No. 3 Dallas-Fort Worth International Airport, Texas; No. 4 Port of Long Beach; and No. 5 Port of New York. During the same period the previous year, the top five were No. 1 Cleveland’s Hopkins International Airport, Ohio; No. 2 Port of Oakland, Calif.; No. 3 Dallas-Fort Worth International Airport, Texas; No. 4 Port of Newark and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 51.96 percent of Papua New Guinea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 63.14 percent to $9.41 million.
    Exports fell 54.44 percent to $268,682. Imports rose 76.53 percent to $9.14 million.
  • Trade with No. 2 Port of Oakland, Calif. fell 8.02 percent to $7.96 million.
    Exports fell 32.52 percent to $583,629. Imports fell 5.3 percent to $7.38 million.
  • Trade with No. 3 Dallas-Fort Worth International Airport, Texas fell 21.53 percent to $5.29 million.
    Exports fell 21.49 percent to $5.29 million. There were no imports.
  • Trade with No. 4 Port of Long Beach rose 76.75 percent to $4.79 million.
    Exports rose 116.01 percent to $4.78 million. Imports fell 98.59 percent to $6,987.
  • Trade with No. 5 Port of New York rose 144.74 percent to $3.52 million.
    Exports rose 141.93 percent to $3 million. Imports rose 162.69 percent to $510,863.

Papua New Guinea ranked No. 157 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 153.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Papua New Guinea by value through June were the categories of Misc. aircraft parts; Civilian aircraft, parts; Dishwashers and other cleaning machinery; Parts for heavy machinery; and Insulated wire, cable, respectively. They accounted for 42.03 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; Returned exports, without change; Vanilla Beans; and Shrimp, other crustaceans –– accounted for 88.93 percent of all inbound shipments.

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

  • Misc. aircraft parts rose 10.87 percent compared to last year to $5.45 million.
  • Civilian aircraft, parts fell 58.9 percent compared to last year to $2.47 million.
  • Dishwashers and other cleaning machinery rose 2516.92 percent compared to last year to $1.7 million.
  • Parts for heavy machinery fell 66.58 percent compared to last year to $1.69 million.
  • Insulated wire, cable rose 77.36 percent compared to last year to $1.51 million.

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

  • Coffee fell 25.03 percent compared to last year to $13.5 million.
  • Cocoa Beans rose 108.17 percent compared to last year to $6.97 million.
  • Returned exports, without change fell 22.63 percent compared to last year to $2.56 million.
  • Vanilla Beans fell 43.16 percent compared to last year to $1.7 million.
  • Shrimp, other crustaceans rose 39.65 percent compared to last year to $1.15 million.

In the latest annual figures available, Papua New Guinea recorded $165.55 million in trade with the United States. Total U.S. exports to Papua New Guinea were $ 95.27 million and imports from Papua New Guinea were $70.28 million. The U.S. surplus with Papua New Guinea was $24.98 million.