Papua New Guinea-Thailand Bilateral Trade Analysis 2023
Complete trade statistics: $351.73M total volume •Papua New Guinea deficit: $4.23M
Papua New Guinea → Thailand
$173.75M
Exports (2023)
Thailand → Papua New Guinea
$177.98M
Imports (2023)
Trade Balance
$4.23M
Deficit for Papua New Guinea
Total Trade
$351.73M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Papua New Guinea and Thailand. Green line shows exports from Papua New Guinea, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Papua New Guinea-Thailand commercial relationship and competitive positioning in global markets.
Papua New Guinea → Thailand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Papua New Guinea's export portfolio to Thailand demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Thailand → Papua New Guinea Imports
Import Dependency Profile
📦 Import Strategy Analysis
Papua New Guinea's import pattern from Thailand reveals strategic sourcingin cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Papua New Guinea demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Thailand, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $351.73M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Papua New Guinea-Thailand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $351.73 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Papua New Guinea maintains a deficit of $4.23 million
- Export Focus: Papua New Guinea's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, fish: frozen, skipjack or stripe-bellied bonito, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99
- Import Dependencies: Key imports from Thailand include cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, cereals: rice, broken, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $351.73M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Papua New Guinea leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Papua New Guinea's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Thailand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $351.73M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $351.73M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $351.73 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and cereals: rice, semi-milled or wholly milled, whether or not polished or glazed demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Papua New Guinea's trade deficit of $4.23 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Papua New Guinea and Thailand represents a total trade volume of $351.73 million in 2023. This partnership demonstrates an unfavorable trade balance for Papua New Guinea, with imports exceeding exportsby $4.23 million.
Export Strengths
Papua New Guinea's exports to Thailand total $173.75 million, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $118.81M or68.4% of bilateral exports.
Import Dependencies
Imports from Thailand amount to $177.98 million, highlighting economic interdependence in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, with Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed comprising15.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Papua New Guinea's strategic sourcing from Thailand. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Papua New Guinea and Thailand in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023