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Papua New Guinea

Papua New Guinea ranked No. 155 in total trade value through August with a total of $105.87 million. Exports totaled $64.06 million and Imports totaled $41.81 million, a surplus of $22.25 million.

January – August 2019

Top Trading Ports

Total Trade: $105.87 million

RankPortTotal YTD
1Dallas-Fort Worth International Airport, Texas $13,167,225
2Port of Oakland, Calif. $12,812,666
3Cleveland’s Hopkins International Airport, Ohio $9,894,181
4Port of Newark $9,122,097
5Port of Los Angeles $6,185,842
6Port of Savannah, Ga. $6,124,726
7Los Angeles International Airport $4,936,955
8Port of Long Beach $3,679,151
9San Francisco International Airport, Calif. $3,444,089
10Port of Virginia $3,150,132

U.S. trade with Papua New Guinea rose to $105.87 million through August

Papua New Guinea’s trade with the United States rose to $105.87 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.08 percent above its total trade during the same time period last year. U.S. exports to Papua New Guinea increased 29.3 percent while U.S. imports from Papua New Guinea fell 6.92 percent. The U.S. surplus with Papua New Guinea was $22.25 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Dallas-Fort Worth International Airport, Texas; No. 2 Port of Oakland, Calif.; No. 3 Cleveland’s Hopkins International Airport, Ohio; No. 4 Port of Newark; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 Port of Oakland, Calif. No. 2 Port of Newark No. 3 Dallas-Fort Worth International Airport, Texas No. 4 Los Angeles International Airport and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 48.35 percent of Papua New Guinea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Dallas-Fort Worth International Airport, Texas rose 52.5 percent to $13.17 million.
    Exports rose 53.41 percent to $13.15 million. Imports fell 77.94 percent to $13,237.
  • Trade with No. 2 Port of Oakland, Calif. rose 0.72 percent to $12.81 million.
    Exports rose 633.55 percent to $898,171. Imports fell 5.43 percent to $11.91 million.
  • Trade with No. 3 Cleveland’s Hopkins International Airport, Ohio rose 168.43 percent to $9.89 million.
    Exports rose 165.22 percent to $9.58 million. Imports rose 326.01 percent to $313,331.
  • Trade with No. 4 Port of Newark fell 22.1 percent to $9.12 million.
    Exports rose 1304.22 percent to $2.62 million. Imports fell 43.6 percent to $6.5 million.
  • Trade with No. 5 Port of Los Angeles fell 0.51 percent to $6.19 million.
    Exports rose 4.33 percent to $5.84 million. Imports fell 44.17 percent to $346,784.

Papua New Guinea ranked No. 155 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 158.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Papua New Guinea by value through August were the categories of Aircraft engines, engine parts; Cell phones, related equipment; Parts for heavy machinery; Civilian aircraft, parts; and Low value shipments, respectively. They accounted for 53.05 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 92.7 percent of all inbound shipments.

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

  • Aircraft engines, engine parts rose 44.11 percent compared to last year to $10.52 million.
  • Cell phones, related equipment rose 87.39 percent compared to last year to $7.24 million.
  • Parts for heavy machinery rose 42.29 percent compared to last year to $7.02 million.
  • Civilian aircraft, parts rose 20.9 percent compared to last year to $6.93 million.
  • Low value shipments rose 6.02 percent compared to last year to $2.28 million.

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

  • Coffee fell 1.08 percent compared to last year to $23.41 million.
  • Cocoa Beans fell 49.44 percent compared to last year to $6.24 million.
  • Vanilla Beans fell 8.38 percent compared to last year to $4.25 million.
  • Value added to a returned import rose 259.61 percent compared to last year to $3.83 million.
  • Antiques rose 115.61 percent compared to last year to $1.03 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.