Timor-Leste2020 Product Exports | Imports: $97.8M | $622M, 191 of 226 | 184 of 226
2020 Per Capita Product Exports | Imports: $74.1 | $472, 204 of 219 | 176 of 219
2018 Service Exports | Imports : $97.3M | $447M, 134 of 138 | 126 of 138
Overview In 2020 Timor-Leste was the number 191 economy in the world in terms of total exports and the number 184 in total imports.
Exports The top exports of Timor-Leste are Crude Petroleum ($63.2M), Petroleum Gas ($15.5M), Coffee ($11.9M), Vanilla ($1.04M), and Scrap Iron ($845k), exporting mostly to Singapore ($40.2M), South Korea ($24.5M), Japan ($16.2M), Canada ($4.55M), and United States ($4.3M).
Imports The top imports of Timor-Leste are Refined Petroleum ($75.1M), Rice ($27.1M), Cars ($16.1M), Excavation Machinery ($15.7M), and Cement ($14.9M), importing mostly from Indonesia ($221M), China ($190M), Singapore ($65.7M), Australia ($40.7M), and Malaysia ($30M).
Location Timor-Leste borders Indonesia by land and Australia by sea.
The following section uses the most recent trade data from partners of Timor-Leste.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Crude Petroleum, $63.2M
Top Destination (2020): Singapore, $221M
In 2020, Timor-Leste exported a total of $97.8M, making it the number 191 exporter in the world. During the last five reported years the exports of Timor-Leste have changed by -$212M from $310M in 2015 to $97.8M in 2020.
The most recent exports are led by Crude Petroleum ($63.2M), Petroleum Gas ($15.5M), Coffee ($11.9M), Vanilla ($1.04M), and Scrap Iron ($845k). The most common destination for the exports of Timor-Leste are Singapore ($40.2M), South Korea ($24.5M), Japan ($16.2M), Canada ($4.55M), and United States ($4.3M).
Timor-Leste Exports Services (2018): $97.3M
Timor-Leste Imports Services (2018): $447M
In 2018, Timor-Leste exported $97.3M worth of services. The top services exported by Timor-Leste in 2018 were Personal travel ($62.4M), Other government services ($15.7M), Business travel ($15.2M), Other transport ($2.18M), and Telecommunications services ($1.17M).
The top services imported by Timor-Leste in 2018 were Construction in the compiling economy ($126M), Personal travel ($110M), Other government services ($103M), Sea transport ($51.1M), and Freight insurance ($17.6M).
Timor-Leste has a high level of specialization in Vanilla (189), Locust beans, seaweed, sugar beet, cane, for food (110), Coffee (66.2), Crude Petroleum (16.9), and Other Oily Seeds (14.1). Specialization is measured using RCA, an index that takes the ratio between Timor-Leste observed and expected exports in each product.
The highest complexity exports of Timor-Leste according to the product complexity index (PCI) are Tungsten (1.46), Artificial Filament Yarn Woven Fabric (0.52), Iron Gas Containers (0.38), Composite Paper (0.36), and Ornamental Ceramics (-0.25). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Timor-Leste according to the relatedness index, are Cocoa Beans (0.043), Palm Oil (0.043), Gold (0.039), Coconut Oil (0.039), and Insect Resins (0.039). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Timor-Leste is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
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