Indonesia's Trade Balance with Papua New Guinea Shows a US$105.64 Million Surplus

Indonesia's trade balance with Papua New Guinea showed a surplus of US$105.64 million in 2020. This trade balance value increased by 12.48% compared to the previous year's balance, which was recorded at US$93.92 million.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$139.01 million. This value is higher than Indonesia's imports from Papua New Guinea, which were recorded at US$33.37 million.

Indonesia's exports to Papua New Guinea have been on a downward trend over the past year. The previous year's export value was US$153.28 million.

Meanwhile, imports, according to Trademap data, decreased by 43.79% compared to the previous year, which was recorded at US$59.36 million.

Based on product type, there were 10 main export products from Indonesia to Papua New Guinea that recorded a surplus during 2020. The total export value of these main products reached US$87.95 million.

List of 10 Main Indonesian Export Products to Papua New Guinea

1. (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured…


2. (HS 85): Electrical machinery and equipment and parts thereof; sound or television recording and reproducing apparatus…


3. (HS 19): Preparations of cereals, flour, starch or milk; pastrycooks' products


4. (HS 11): Products of the milling industry; malt; starches; inulin; wheat gluten


5. (HS 31): Fertilizers


6. (HS 21): Miscellaneous edible preparations


7. (HS 04): Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified…


8. (HS 76): Aluminum and articles thereof


9. (HS 15): Fats and oils and their cleavage products; edible fats; animal…


10. (HS 24): Tobacco and manufactured tobacco substitutes

Globally, the trade balance for all goods was better this time due to an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$21.68 billion, or up 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries in the world was recorded at US$-3.59 billion.