Trade Balance (Percent of GDP)

Oceania Ranking

as percent of GDPSource: United Nations

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Papua New Guinea	13.25	2004	1	15.39
2	Australia	3.93	2020	2	2.49
3	New Zealand	-0.69	2020	3	-0.12
4 ↑	Solomon Islands	-8.16	2020	5	-10.24
5 ↑	Fiji	-16.25	2020	6	-10.3
6 ↑	New Caledonia	-16.91	2017	8	-19.5
7	Samoa	-19.47	2020	7	-14.03
8 ↓	Vanuatu	-26.09	2020	4	-8.8
9	Micronesia	-41.33	2020	9	-42.4
10	Tonga	-43.31	2020	10	-43.2
11	Kiribati	-77.78	2018	11	-88.18

Definition of Trade Balance (Percent of GDP)

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).