Export Markets In the Pacific
Papua New Guinea (PNG) exports a variety of goods to countries in the Pacific, including oil, gold, copper, coffee, cocoa, and timber. The main markets for PNG’s exports in the Pacific are Australia and New Zealand. PNG also imports a range of goods from countries in the Pacific, including machinery, transport equipment, and manufactured goods. The main sources of PNG’s imports from the Pacific are Australia and New Zealand.
In addition to exporting and importing goods, PNG also has trade agreements with several countries in the Pacific. For example, PNG is a member of the Melanesian Spearhead Group (MSG), which is a regional trade bloc comprising PNG, Fiji, Vanuatu, and the Solomon Islands. The MSG has a trade agreement with the Pacific Islands Forum (PIF), which is a regional intergovernmental organization comprising 18 Pacific Island countries. This agreement, known as the “PIF-MSG Trade Agreement,” provides for the gradual liberalization of trade between the PIF and the MSG, 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 countries in the Pacific on the websites of the Papua New Guinea Department of Trade and Industry or the World Trade Organization (WTO).