Papua New Guinea Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Papua New Guinea's trade balance was $520.2M in 2004, ranked 120th globally. This represents a 4.4% decrease from 2003. Data from World Bank, covering 1961–2004.
Overview
Papua New Guinea's trade balance stood at $520.2M in 2004, a decline of +$24.0M from 2003. Papua New Guinea ranked 120th globally.
Papua New Guinea's trade balance has exhibited significant fluctuations over the 44-year period from 1961 to 2004. The country's all-time peak of 803,799,281.54 in 1995 was followed by a decline, with 2004's trade balance of 520,159,449.98 ranking 120th globally. This decline is notable, given that the country's closest peer, Côte d'Ivoire, experienced a comparable trade balance of 508,835,024.06 in the same year. Conversely, Papua New Guinea's trade balance has shown resilience in the face of regional turmoil, such as the global economic downturn that occurred in the early 1980s, when its trade balance reached an all-time trough of -560,492,269.03. The country's trade dynamics are influenced by its natural resource-dependent economy and geographical location. To alter the trajectory of Papua New Guinea's trade balance, a more diversified economy and increased investment in sectors such as manufacturing and services would be necessary, potentially leading to improved trade balances and sustained economic growth.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2004 | $520.2M | −$24.0M | #120 |
| 2003 | $544.1M | +$456.8M | #122 |
| 2002 | $87.4M | −$315.6M | #106 |
| 2001 | $403.0M | −$193.4M | #116 |
| 2000 | $596.3M | +$240.6M | #114 |
| 1999 | $355.7M | +$157.8M | #118 |
| 1998 | $197.9M | +$242.0M | #128 |
| 1997 | $-44.1M | −$611.5M | #104 |
| 1996 | $567.4M | −$236.4M | #125 |
| 1995 | $803.8M | +$46.3M | #126 |
| 1994 | $757.5M | −$23.3M | #116 |
| 1993 | $780.9M | +$686.8M | #119 |
| 1992 | $94.0M | +$468.6M | #98 |
| 1991 | $-374.6M | −$106.6M | #55 |
| 1990 | $-267.9M | +$161.1M | #57 |
Detected Pattern
Analysis
Papua New Guinea matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Papua New Guinea's trade balance was $520.2M in 2004. Ranked 120th globally. This represents a 4.4% decrease from the previous year.
Papua New Guinea's trade balance peaked at $803.8M in 1995.
The lowest trade balance in Papua New Guinea was $-560.5M in 1982.
Papua New Guinea ranks 120th globally in trade balance as of 2004.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Papua New Guinea's trade balance was approximately 520.16 million ($520.2M) in 2004.
The trade balance of Papua New Guinea in 2004 was $520.2M. This ranks 120th in the world.
Cite this page
@misc{historysaid_papua-new-guinea_trade-balance,
title = {Papua New Guinea Trade Balance},
url = {https://historysaid.com/papua-new-guinea/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}