PNG Independence Day - September 16
Today, Papua New Guinea celebrates their independence.
The close geographic proximity and historical links between Australia and PNG have given the country a unique position within Australia's foreign relations – depicting the relationship as one of Australia’s most complex and wide-ranging partners (1).
From the mid-2000s, PNG experienced over a decade of fairly robust economic growth. This was largely driven by high international prices for PNG’s exports (including agriculture), conservative economic policies and construction activity related to the Papua New Guinea LNG project (1).
Today, Australia is PNG's largest trading and commercial partner, with bilateral trade worth A$6.02 billion in 2017-18.
Major Australian exports to PNG are crude petroleum, meat, civil engineering equipment and parts, specialised machinery and parts and wheat. Major imports to Australia from PNG are gold, crude petroleum, silver and platinum (1).
In 2018, Australia’s major exports were valued at (A$M):
• Crude petroleum: 237
• Civil Engineering Equipment & Parts: 123
• Meat (excl. beef): 115
• Wheat: 72
While major imports from PNG were (A$M):
• Gold: 2,882
• Crude Petroleum: 540
• Silver & Platinum: 47
• Coffee & Substitutes: 33
As leaders in shipping and logistics in the Oceania region, providing the best possible customer experience is key and we are particularly proud of our ability to provide two competitive direct services, APR and WESTPAC between Australia and Papua New Guinea.