Export Markets In Asia
Papua New Guinea (PNG) exports a variety of goods to Asian countries, including oil, gold, copper, coffee, cocoa, and timber. The main markets for PNG’s exports in Asia are China, Japan, and South Korea. PNG also imports a range of goods from Asian countries, including machinery, transport equipment, and manufactured goods. The main sources of PNG’s imports from Asia are Australia, Singapore, and China.
In addition to exporting and importing goods, PNG also has trade agreements with several Asian countries. For example, PNG is a member of the Melanesian Spearhead Group, which has a trade agreement with the Association of Southeast Asian Nations (ASEAN) known as the “ASEAN-MSG Free Trade Agreement.” This agreement provides for the gradual liberalization of trade between the ASEAN and the Melanesian Spearhead Group, with the aim of promoting economic development and improving living standards in the region. You can find more information on trade between Papua New Guinea and Asian countries on the websites of the Papua New Guinea Department of Trade and Industry or the World Trade Organization (WTO).