China / Papua New Guinea

Overview In February 2024, China exported $62.8M and imported $332M from Papua New Guinea, resulting in a negative trade balance of $269M. Between February 2023 and February 2024 the exports of China have increased by $1.16M (1.88%) from $61.6M to $62.8M, while imports decreased by $-233M (-41.3%) from $566M to $332M.

Trade In February 2024, the top exports of China to Papua New Guinea were Iron Structures ($6.01M), Sodium or Potassium Peroxides ($4.1M), Other Small Iron Pipes ($3.78M), Iron Cloth ($2.54M), and Telephones ($2.18M). In February 2024 the top imports of China from Papua New Guinea were Nickel Mattes ($71.9M), Rough Wood ($68.3M), Petroleum Gas ($61.7M), Chromium Ore ($4.52M), and Sawn Wood ($1.59M).

Origins In February 2024 the exports of China were mainly from Zhejiang Province ($17.3M), Shandong Province ($11.4M), Guangdong Province ($7.68M), Fujian Province ($4.97M), and Jiangsu Province ($4.31M), while imports destinations were mainly Beijing ($129M), Guangdong Province ($94.4M), Fujian Province ($65.3M), Shandong Province ($32.1M), and Zhejiang Province ($6.44M).

Growth In February 2024, the increase in China's year-by-year exports to Papua New Guinea was explained primarily by an increase in product exports in Iron Wire ($1.79M or 905%), Iron Cloth ($1.34M or 112%), and Other Small Iron Pipes ($1.27M or 50.4%). In February 2024, the decrease in China's year-by-year imports  from Papua New Guinea was explained primarily by an decrease in product imports  in Petroleum Gas ($-27M or -30.4%), Nickel Mattes ($-5.36M or -6.93%), and Sawn Wood ($-1.53M or -48.9%).