Oceania Net Trade (Goods & Services, BoP) Ranking (2024)
In 2024, net trade (goods & services, bop) in Oceania was highest in Australia at $19.82 billion, followed by Papua New Guinea at $5.74 billion and Tuvalu at -$55.16 million. The average net trade (goods & services, bop) across countries in Oceania was $1.27 billion, the median was -$206.02 million, and New Zealand recorded the lowest net trade (goods & services, bop) at -$6.20 billion, according to the World Bank.
Data is available for the period 1960 to 2024 across 13 countries in Oceania.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | $19.82B | $59.3B | 2024 | |
| 2 | -$6.2B | -$9.38B | 2024 | |
| 3 | $5.74B | $6.29B | 2023 | |
| 4 | -$1.06B | -$1.17B | 2022 | |
| 5 | -$427.26M | -$438.31M | 2022 | |
| 6 | -$276.53M | -$251.42M | 2023 | |
| 7 | -$273.38M | -$288.13M | 2024 | |
| 8 | -$214.25M | -$337.59M | 2024 | |
| 9 | -$206.02M | -$214.59M | 2024 | |
| 10 | -$192.2M | -$159.37M | 2022 | |
| 11 | -$85.26M | -$86.99M | 2023 | |
| 12 | -$76.01M | -$44.8M | 2021 | |
| 13 | -$55.16M | -$61.22M | 2022 |
Oceania Net Trade (Goods & Services, BoP) Ranking (2024) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.