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Pricing

2022
Flag → Flag
Exports $11.4MRnk 176 / 221
2022
Flag → Flag
Top Product $5.68MGas Turbines
2022
Flag → Flag
Exports $148MRnk 14 / 94
2022
Flag → Flag
Top Product $76.5MGold
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$3,020CURRENT US$
Rnk 133 / 186
2012-2022
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GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186

About

Italy-Papua New Guinea Trade: In 2022, Italy exported $11.4M to Papua New Guinea. The main products that Italy exported to Papua New Guinea were Gas Turbines ($5.68M), Pure Olive Oil ($1.08M), and Delivery Trucks ($631k). Over the past 5 years the exports of Italy to Papua New Guinea have decreased at an annualized rate of 13.8%, from $24M in 2017 to $11.4M in 2022.

In 2022, Italy did not export any services to Papua New Guinea.

Papua New Guinea-Italy Trade: In 2022, Papua New Guinea exported $148M to Italy. The main products that Papua New Guinea exported to Italy were Gold ($76.5M), Processed Fish ($33M), and Coffee ($27.6M). Over the past 5 years the exports of Papua New Guinea to Italy have increased at an annualized rate of 11.7%,  from $85.1M in 2017 to $148M in 2022.

In 2022, Papua New Guinea did not export any services to Italy.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Latest Trends

January, 2024

About

Overview In January 2024, Italy exported €1.93M and imported €5.08M from Papua New Guinea, resulting in a negative trade balance of €3.15M. Between January 2023 and January 2024 the exports of Italy have decreased by €-274k (-12.4%) from €2.2M to €1.93M, while imports decreased by €-4.15M (-45%) from €9.24M to €5.08M.

Growth In January 2024, the decrease in Italy's year-by-year exports to Papua New Guinea was explained primarily by an decrease in product exports in . In March 2024, the decrease in Italy's year-by-year imports  from Papua New Guinea was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2023 - January 2024)€-274k(-12.4%)
IMPORT GROWTH (March 2023 - March 2024)€-4.15M(-45%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Papua New Guinea and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Papua New Guinea and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $11.4M to Papua New Guinea. The main products exported from Italy to Papua New Guinea were Gas Turbines ($5.68M), Pure Olive Oil ($1.08M), and Delivery Trucks ($631k). During the last 5 years the exports of Italy to Papua New Guinea have decreased at an annualized rate of 13.8%, from $24M in 2017 to $11.4M in 2022.

In 2017, Papua New Guinea exported $148M to Italy. The main products exported from Papua New Guinea to Italy were Gold ($76.5M), Processed Fish ($33M), and Coffee ($27.6M). During the last 5 years the exports of Papua New Guinea to Italy have increased at an annualized rate of 11.7%, from $85.1M in 2022 to $148M in 2017.

Exports from Italy (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Papua New Guinea
Top DestinationJapan$4.03B

This map shows whether countries import more from Italy or Papua New Guinea. Each country is colored based on the difference in imports they receive from Italy and Papua New Guinea or the difference in the growth in imports.

In 2022, countries that imported more from Italy than Papua New Guinea included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Papua New Guinea than Italy included Brunei ($321M) and Timor-Leste ($3.46M).

Difference in imports from Papua New Guinea (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Papua New Guinea

Flow
Scale

This chart compares trade between Italy and Papua New Guinea by product, considering products traded by both, Italy and Papua New Guinea.

During 2022, Italy had a large net trade with Papua New Guinea in the exports of Machines ($7.83M), Animal and Vegetable Bi-Products ($1.18M), and Transportation ($1.13M).

During 2017, Papua New Guinea had a large net trade with Italy in the exports of Precious Metals ($76.6M), Foodstuffs ($33M), and Vegetable Products ($27.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Papua New Guinea+$1.05MDelivery Trucks
Top Product Potential Papua New Guinea Italy+$32.5MGold

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Papua New Guinea. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Papua New Guinea. Similarly, a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Papua New Guinea (Flag) (2022)

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