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2022
Flag → Flag
Exports $34.5MRnk 96 / 198
2022
Flag → Flag
Top Product $19.5MBroadcasting Equipment
2022
Flag → Flag
Exports $46.3MRnk 21 / 94
2022
Flag → Flag
Top Product $44.6MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
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GDP GROWTH43.9%CURRENT US$
Rnk 78 / 186
2022
Flag
GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 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

Hong Kong-Papua New Guinea Trade: In 2022, Hong Kong exported $34.5M to Papua New Guinea. The main products that Hong Kong exported to Papua New Guinea were Broadcasting Equipment ($19.5M), Flavored Water ($3.37M), and Computers ($2.47M). Over the past 5 years the exports of Hong Kong to Papua New Guinea have increased at an annualized rate of 3.48%, from $29.1M in 2017 to $34.5M in 2022.

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

Papua New Guinea-Hong Kong Trade: In 2022, Papua New Guinea exported $46.3M to Hong Kong. The main products that Papua New Guinea exported to Hong Kong were Refined Petroleum ($44.6M), Fish: dried, salted, smoked or in brine ($638k), and Coffee ($411k). Over the past 5 years the exports of Papua New Guinea to Hong Kong have increased at an annualized rate of 20.1%,  from $18.5M in 2017 to $46.3M in 2022.

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

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $34.5M to Papua New Guinea. The main products exported from Hong Kong to Papua New Guinea were Broadcasting Equipment ($19.5M), Flavored Water ($3.37M), and Computers ($2.47M). During the last 5 years the exports of Hong Kong to Papua New Guinea have increased at an annualized rate of 3.48%, from $29.1M in 2017 to $34.5M in 2022.

In 2017, Papua New Guinea exported $46.3M to Hong Kong. The main products exported from Papua New Guinea to Hong Kong were Refined Petroleum ($44.6M), Fish: dried, salted, smoked or in brine ($638k), and Coffee ($411k). During the last 5 years the exports of Papua New Guinea to Hong Kong have increased at an annualized rate of 20.1%, from $18.5M in 2022 to $46.3M in 2017.

Exports from Hong Kong (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Papua New Guinea (Flag)

Hong Kong Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Papua New Guinea
Top DestinationJapan$4.03B

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

In 2022, countries that imported more from Hong Kong than Papua New Guinea included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2022, countries that imported more from Papua New Guinea than Hong Kong included Japan ($4.03B), Australia ($1.74B), and Brunei ($321M).

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

Comparative Advantage Hong Kong - Papua New Guinea

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Papua New Guinea in the exports of Machines ($27.1M), Foodstuffs ($3.4M), and Instruments ($932k).

During 2017, Papua New Guinea had a large net trade with Hong Kong in the exports of Mineral Products ($44.6M), Animal Products ($750k), and Vegetable Products ($436k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Papua New Guinea+$4.49MTelephones
Top Product Potential Papua New Guinea Hong Kong+$24.5MRefined Petroleum

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 Hong Kong and Papua New Guinea. This means that a dot/product with the flag of Hong Kong 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 Hong Kong.

Product Space of Hong Kong (Flag) and Papua New Guinea (Flag) (2022)

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