Trade balance — all countries

Trade balance — Papua New Guinea

Trade balance in Papua New Guinea in 2004 — 520,159,450 US$. Ranked 51 in the world out of 172. Since 1961, the indicator has risen by 1,865.9%.

2004 520M US$ −4.41% vs 2003
World rank 51of 172
Period maximum 804M US$1995
Period minimum -560M US$1982

Trend over time

1961–2004 · US$

Trade balance — Papua New Guinea, 1961–2004-1B-500M0500M1B19611966197119761981198619911996200120041961: -29,456,005 US$1962: -30,576,005 US$1963: -37,408,006 US$1964: -48,832,008 US$1965: -68,656,011 US$1966: -91,280,015 US$1967: -98,336,016 US$1968: -102,928,016 US$1969: -148,736,024 US$1970: -228,928,037 US$1971: -264,625,073 US$1972: -146,340,590 US$1973: 130,660,660 US$1974: 103,349,381 US$1975: -83,912,014 US$1976: 15,009,832 US$1977: -21,227,989 US$1978: -67,848,926 US$1979: -2,528,813 US$1980: -258,143,129 US$1981: -512,209,514 US$1982: -560,492,269 US$1983: -442,147,663 US$1984: -349,785,210 US$1985: -250,221,430 US$1986: -205,885,441 US$1987: -204,538,060 US$1988: -317,050,976 US$1989: -429,088,597 US$1990: -267,944,427 US$1991: -374,579,832 US$1992: 94,028,613 US$1993: 780,866,721 US$1994: 757,543,781 US$1995: 803,799,282 US$1996: 567,376,176 US$1997: -44,080,469 US$1998: 197,886,515 US$1999: 355,698,425 US$2000: 596,334,672 US$2001: 402,984,649 US$2002: 87,361,084 US$2003: 544,142,865 US$2004: 520,159,450 US$
Change over the period: +550M (+1,865.89%)

Comparison, 2004

How the value compares with the world and the groups this territory belongs to: Papua New Guinea

Papua New Guinea 520M US$
World computed 90.09B US$
East Asia & Pacific computed 240B US$
Melanesia computed -881M US$
Lower-middle-income countries computed -50.3B US$
Trade balance — Papua New Guinea, by year Papua New Guinea All countries CSV XLSX
Year US$ Change Change, %
2004 520M −23.98M −4.41%
2003 544M +457M +522.87%
2002 87.36M −316M −78.32%
2001 403M −193M −32.42%
2000 596M +241M +67.65%
1999 356M +158M +79.75%
1998 198M +242M +548.92%
1997 -44.08M −611M −107.77%
1996 567M −236M −29.41%
1995 804M +46.26M +6.11%
1994 758M −23.32M −2.99%
1993 781M +687M +730.46%
1992 94.03M +469M +125.1%
1991 -375M −107M −39.8%
1990 -268M +161M +37.55%
1989 -429M −112M −35.34%
1988 -317M −113M −55.01%
1987 -205M +1.35M +0.65%
1986 -206M +44.34M +17.72%
1985 -250M +99.56M +28.46%
1984 -350M +92.36M +20.89%
1983 -442M +118M +21.11%
1982 -560M −48.28M −9.43%
1981 -512M −254M −98.42%
1980 -258M −256M −10,108.08%
1979 -2.53M +65.32M +96.27%
1978 -67.85M −46.62M −219.62%
1977 -21.23M −36.24M −241.43%
1976 15.01M +98.92M +117.89%
1975 -83.91M −187M −181.19%
1974 103M −27.31M −20.9%
1973 131M +277M +189.29%
1972 -146M +118M +44.7%
1971 -265M −35.7M −15.59%
1970 -229M −80.19M −53.92%
1969 -149M −45.81M −44.5%
1968 -103M −4.59M −4.67%
1967 -98.34M −7.06M −7.73%
1966 -91.28M −22.62M −32.95%
1965 -68.66M −19.82M −40.6%
1964 -48.83M −11.42M −30.54%
1963 -37.41M −6.83M −22.34%
1962 -30.58M −1.12M −3.8%
1961 -29.46M

Melanesia, 2004

The same indicator for neighboring countries — with links to their pages

About the indicator

The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.

Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.

Source: World Development Indicators (World Bank), license CC BY 4.0.