Overall exports from Oceania rose 58% from 5 years earlier in 2018 when the Oceanian continent’s exports were valued at $298.3 billion.
Year over year, Oceania’s exports accelerated in value by 16.5% compared to $404.7 billion during 2021.
In comparison, global exports from all countries worldwide equaled $24.611 trillion in 2022, expanding in value by 27.3% since 2018 and rising 11.1% year over year.
Putting that latest trade metrics into perspective, Oceanian exports represent an estimated 1.9% of the overall dollar value of the world’s exported products.
Oceania is a geographic region comprised of many islands mostly sprinkled over the southern Pacific Ocean. Some people assume that Oceania is limited to Australia and New Zealand, but those are just two Oceanian island nations. Admittedly, Australia and New Zealand is top of mind for many importers when searching for internationally sold products.
Based on statistics from the International Monetary Fund’s World Economic Outlook Database, the total Gross Domestic Product for Oceanian countries (where statistics are available) equals $1.954 trillion for 2022. Therefore, exported goods represent 24.1% of Oceania’s total economic output for 2022 in Purchasing Power Parity US dollars up from 23.4% two years earlier in 2020.
Given Oceania’s population of about 46 million people in 2022, its $471.3 billion worth of 2022 exports translates to roughly $10,300 for every person living in this South Pacific collection of islands.
Top Oceanian Export Countries
Below are the top Oceanian export countries that attained the highest dollar value in global shipments during 2022. Also shown is each country’s overall share of Oceanian exports and its change in value from 2018 to 2022.
| Rank | Exporter | Exports (US$) | %Total | 2021-2 |
|---|---|---|---|---|
| 1. | Australia | $402,166,083,000 | 85.3% | +16.4% |
| 2. | New Zealand | $43,996,272,000 | 9.3% | +1.5% |
| 3. | Papua New Guinea | $16,950,772,000 | 3.6% | +75.5% |
| 4. | New Caledonia | $3,057,695,000 | 0.6% | +48.8% |
| 5. | Marshall Islands | $1,562,340,000 | 0.3% | +4.4% |
| 6. | Fiji | $1,070,466,000 | 0.2% | +31.2% |
| 7. | Solomon Islands | $575,148,000 | 0.1% | +7.3% |
| 8. | Pitcairn | $462,366,000 | 0.1% | +6974% |
| 9. | Tokelau | $347,414,000 | 0.07% | +1087% |
| 10. | Vanuatu | $222,613,000 | 0.05% | -28.9% |
| 11. | Nauru | $222,576,000 | 0.05% | +6.4% |
| 12. | Micronesia | $200,940,000 | 0.04% | -1.3% |
| 13. | French Polynesia | $146,444,000 | 0.03% | +2.3% |
| 14. | Kiribati | $126,406,000 | 0.03% | +1324% |
| 15. | Tuvalu | $80,076,000 | 0.02% | -40.2% |
| 16. | Samoa | $54,721,000 | 0.01% | +88.7% |
| 17. | Cook Islands | $35,887,000 | 0.01% | +12.1% |
| 18. | Christmas Island | $16,535,000 | 0.004% | +10.4% |
| 19. | Tonga | $13,575,000 | 0.003% | -14.7% |
| 20. | Palau | $8,244,000 | 0.002% | +42.5% |
| 21. | American Samoa | $8,095,000 | 0.002% | -10.1% |
| 22. | Niue | $7,264,000 | 0.002% | -8.3% |
| 23. | Guam | $3,714,000 | 0.001% | +12.6% |
| 24. | Cocos (Keeling) Islands | $3,215,000 | 0.001% | -64.2% |
| 25. | Northern Mariana Islands | $2,986,000 | 0.001% | -13.2% |
| 26. | Norfolk Island | $2,100,000 | 0.0004% | -7.2% |
| 27. | Wallis/Futuna Islands | $738,000 | 0.0002% | +3.9% |
Combined, Oceania’s leading suppliers Australia and New Zealand account for 94.7% of the value for all exported products originating from the Oceanian continent.
The fastest-growing exporters in Oceania year over year were tinier geographies Pitcairn (up 6,974% from 2021), Kiribati (up 1,324%), Tokelau (up 1,087%), Samoa (up 88.7%), Papua New Guinea (up 75.5%) and New Caledonia (up 48.8%).
The biggest decliners among Oceanian exporters were Cocos (Keeling) Islands (down -64.2% from 2021), Tuvalu (down -40.2%) and Vanuatu (down -28.9%).
See also Australia’s Top 10 Exports, New Zealand’s Top 10 Exports, Australia’s Top 10 Imports and New Zealand’s Top 10 Imports
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports and World Population. Accessed on November 1, 2023
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on November 1, 2023
International Trade Centre, Trade Map. Accessed on November 1, 2023
Wikipedia, Oceanian countries by population. Accessed on November 1, 2023
Worldometers, Oceanian population. Accessed on November 1, 2023