Papua New Guinea TOP 10 Exports Products
PNG is an Oceanian country situated immediately north of Australia, the Independent State of Papua New Guinea shipped US$10.5 billion worth of goods around the globe in 2017. Based on estimates from the Central Intelligence Agency’s World Factbook, Papua New Guinea’s exported goods plus services represent 47.6% of total Papua New Guinean economic output or Gross Domestic Product.
The top ten products that PNG exports consists of
1) Mineral fuels including oil: US$4.8 billion (45.5% of total exports)
2) Gems, precious metals: $2.1 billion (20.4%)
3) Ores, slag, ash: $914.3 million (8.7%)
4) Wood: $715.4 million (6.8%)
5) Animal/vegetable fats, oils, waxes: $652.5 million (6.2%)
6) Nickel: $363.4 million (3.5%)
7) Fish: $298.1 million (2.8%)
8) Coffee, tea, spices: $203.5 million (1.9%)
9) Meat/seafood preparations: $185.1 million (1.8%)
10) Cocoa: $82.1 million (0.8%)
These top ten exports products are highly concentrated which account for about 98.5% of the overall value of PNG global shipments.