Merchandise Trade Balance in Papua New Guinea
The merchandise trade balance in Papua New Guinea averaged USD 6.8 billion in the decade to 2024. The 2024 reading was USD 9.2 billion. For more information on trade, visit our dedicated page.
Papua New Guinea Trade Chart
Note: This chart displays Trade Balance (USD billion) for Papua New Guinea from 2014 to 2024.
Source: Macrobond.
Papua New Guinea Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 5.5 | 6.5 | 8.7 | 7.4 | 9.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Papua New Guinean trade projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Papua New Guinean trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Papua New Guinean trade projections.
Want to get access to the full dataset of Papua New Guinean trade forecasts? Send an email to info@focus-economics.com.