Papua New Guinea: Lae Port Development Project

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ADP Port

The economy of Papua New Guinea (PNG) is dependent on trade, exports in particular, which rose from $985 million to $2.5 trillion during 1980–2004. Exports increased from 35% of gross domestic product (GDP) in 1986 to 48% in 2002, even increasing by more than 50% for some years. Imports exhibited moderate growth at about 30% of GDP. Coastal trade, particularly outbound container cargo from Lae Port to other PNG ports, had been growing since 2001, with full outbound container volume of 13,395 twenty-foot equivalent units (TEU) in 2001, increasing to 23,811 TEU by 2005 or an increase of 78%.