- overview
- strengths
- Bilateral Agreements
- bilateral trade
- agencies
- Indian Mission
US$20bn is the GDP of PNG
US$357.58mn is value of imports in 2021-22
In May 1987, diplomatic relations were established between Solomon Islands and India
Government has extended financial assistance to PNG for relief and restoration initiatives
US$200,000 annual grant-in aid offered by India for developmental projects
US$ 427.53mn
Bilateral trade in 2021-2022
US$ 182.02mn
is bilateral trade value in 2020-21
3000
Indians work in Papua New Guinea in various projects
Concurrent Accreditation The Mission in Papua New Guinea also handles India's bilateral relations with Solomon Islands
Natural Gas
Discoveries in the Southern Highland, Western and Gulf Provinces have evoked interest in Indian companies
Mining
PNG has reserves of about 23 million ounces of gold and 500 million barrels of oil
Marine Exports
PNG is rich in marine resources
Commodity Trade
PNG is rich in timber, coffee, palm oil, cocoa, copra, and rubber, and is a major exporter of these items
India's Exports and Imports to Papua New Guinea
Source: Department of Commerce
Dated: 07/02/2023
Values in US $ Millions
Country / Region: PAPUA N GNA
| S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
|---|---|---|---|---|---|---|
| 1. | EXPORT | 41.93 | 49.72 | 56.02 | 56.17 | 69.95 |
| 2. | %Growth | 18.59 | 12.66 | 0.28 | 24.52 | |
| 3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
| 4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
| 5. | %Share | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| 6. | IMPORT | 196.19 | 88.96 | 55.70 | 125.85 | 357.58 |
| 7. | %Growth | -54.66 | -37.39 | 125.96 | 184.13 | |
| 8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
| 9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
| 10. | %Share | 0.04 | 0.02 | 0.01 | 0.03 | 0.06 |
| 11. | TOTAL TRADE | 238.11 | 138.68 | 111.71 | 182.02 | 427.53 |
| 12. | %Growth | -41.76 | -19.45 | 62.94 | 134.87 | |
| 13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
| 14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
| 15. | %Share | 0.03 | 0.02 | 0.01 | 0.03 | 0.04 |
| 16. | TRADE BALANCE | -154.26 | -39.24 | 0.32 | -69.68 | -287.63 |
| 17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
CII
(+91) 11 45771000
The Mantosh Sondhi Centre 23, Institutional Area, Lodi Road, New Delhi - 110 003 (India)
Indian Embassy of Papua New Guinea
(+675) 321 4291, 321 0528
The High Commission of India, Port Moresby, Papua New Guinea.
