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Who buys Papua New Guinea’s gold? Export destinations 2024

In 2024, Papua New Guinea exported $2.5 billion of gold (38 tonnes), 0.5% of the world total. Australia bought 98% of the total, followed by Italy (2%) and the United States (0%). Papua New Guinea was the world’s 35th-largest exporter of gold.

Summary

Value
$2.5billion
Tonnes
38tonnes
Share of world total
0.5%
World rank
35th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 5 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Australia2.5Tonnes: 38USD per tonne: $66,085,69498.3%Air
Italy0.04Tonnes: 1USD per tonne: $55,037,1341.7%Air
United States< 0.01Tonnes: 0USD per tonne: $55,000,0000%Air
Switzerland< 0.01Tonnes: —USD per tonne: —0%Sea
Germany< 0.01Tonnes: —USD per tonne: —0%Sea

Trend

Who it sells to

Australia was its main destination throughout the period

Value in USD billions. The five largest destinations in 2024.

  • Australia 2.5
  • Italy 0.04
  • United States < 0.01
  • Switzerland < 0.01
  • Germany 0

Source: CEPII BACI

Show the numbers
Partner19952024
Australia0.32.5
Italy00.04
United States0< 0.01
Switzerland0< 0.01
Germany< 0.010

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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