Why Buy from Papua New Guinea?
Here are several reasons why foreigners may want to buy from Papua New Guinea (PNG):
High-Quality Products – PNG produces a range of high-quality products, including oil, gas, gold, copper, timber, coffee, cocoa, and other agricultural products. These products are known for their quality and can be a valuable addition to a company’s supply chain.
Cost Competitiveness – PNG’s products can be competitively priced compared to similar products from other countries, due to the abundance of natural resources and relatively low production costs.
Strong Economic Growth – PNG has a growing economy, with GDP growth rates of around 3-4% per year in recent years. This presents opportunities for foreign companies to tap into the growing demand for goods and services in the country.
Strategic Location – PNG is located in the Asia-Pacific region, which is a key growth area for the global economy. Its strategic location makes it an attractive source of products for foreign companies looking to tap into the growing markets of the region.
Trade Agreements – PNG has trade agreements with a range of countries, including the United States, European Union, and China, which can facilitate trade and make it easier for foreign companies to do business in the country.
Research Market & Identifying Suppliers
Build Relationships & Negotiating Terms
Adherence to Regulations
10 Major Export Items
Oil – PNG is a major producer of oil, and exports its oil to a range of countries, including Japan, China, and South Korea.
Gas – PNG is also a major producer of natural gas, and exports its gas to countries such as Japan, China, and South Korea.
Gold – PNG is a major producer of gold, and exports its gold to countries such as the United States, Japan, and Switzerland.
Copper – PNG is a significant producer of copper, and exports its copper to countries such as China, Japan, and South Korea.
Coffee – PNG is a major producer of coffee, and exports its coffee to a range of countries, including the United States, Japan, Germany, and Australia.
Cocoa – PNG is also a major producer of cocoa, and exports its cocoa to countries such as the United States, Germany, and Switzerland.
Timber – PNG has a significant timber industry, and exports a range of timber products to countries such as China, Japan, and South Korea. These products include logs, sawn timber, and plywood.
Fish – PNG is a major producer of fish, and exports its fish to countries such as Japan, China, and South Korea.
Agriculture Products – PNG also exports a range of agriculture products, including tropical fruits, vegetables, and spices. These products are exported to countries such as Australia, Japan, and the United States.
Handicrafts – PNG is known for its diverse culture, and exports a range of handicrafts, including baskets, carvings, and jewelry. These products are exported to countries such as Australia, Japan, and the United States.
