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2023
Product
Exports | Imports $163M | $988M191 of 226 |  181 of 226
2023
Per Capita Product
Exports | Imports $118 | $714168 of 220 |  170 of 220

About

Overview In 2023 Timor-Leste was the number 191 economy in the world in terms of total exports and the number 181 in total imports.

Exports The top exports of Timor-Leste are Crude Petroleum ($113M), Petroleum Gas ($22.5M), Coffee ($19.1M), Scrap Iron ($909k), and Telephones ($664k), exporting mostly to China ($74.7M), Singapore ($40.3M), Japan ($23.6M), Indonesia ($8.13M), and United States ($4.73M).

Imports The top imports of Timor-Leste are Refined Petroleum ($138M), Rice ($60.6M), Cars ($32.9M), Delivery Trucks ($31.9M), and Planes, Helicopters, and/or Spacecraft ($26M), importing mostly from Indonesia ($340M), China ($262M), Singapore ($86M), Chinese Taipei ($45.2M), and India ($43.3M).

Location Timor-Leste borders Indonesia by land and Australia by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Crude Petroleum$113M
Top Destination (2023)China$74.7M

In 2023, Timor-Leste exported a total of $163M, making it the number 191 exporter in the world. During the last five reported years the exports of Timor-Leste have changed by $66.6M from $96.1M in 2018 to $163M in 2023.

The most recent exports are led by Crude Petroleum ($113M), Petroleum Gas ($22.5M), Coffee ($19.1M), Scrap Iron ($909k), and Telephones ($664k). The most common destination for the exports of Timor-Leste are China ($74.7M), Singapore ($40.3M), Japan ($23.6M), Indonesia ($8.13M), and United States ($4.73M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Singapore$21.3M (+ 112%)
Hong Kong$669k (+ 615%)
Portugal$514k (+ 45.4%)
Fastest Growing Import Markets (2022 - 2023)
China$76.3M (+ 41.1%)
Indonesia$47.1M (+ 16.1%)
Thailand$17.7M (+ 80.6%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Most Specialized Products by RCA Index

Timor-Leste has a high level of specialization in Vanilla (132), Cloves (94.2), Coffee (62.2), Crude Petroleum (12.3), and Locust beans, seaweed, sugar beet, cane, for food (12.2). Specialization is measured using RCA, an index that takes the ratio between Timor-Leste observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Timor-Leste according to the product complexity index (PCI) are Telephone sets, including telephones for cellular networks or for other wireless networks;... (0.92), Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip (0.9), Polymers of styrene, in primary forms (0.73), Colouring matter of vegetable or animal origin (including dyeing extracts, not animal... (0.18), and Embroidery; in the piece, in strips or in motifs (-0.26). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Timor-Leste according to the relatedness index, were Cocoa Beans (0.042), Gold (0.042), Raw Cotton (0.039), Coconuts, Brazil Nuts, and Cashews (0.037), and Crustaceans (0.035). 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.

Product Space

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.

Relatedness Space

This network shows the products most related to the production structure of Timor Leste. These are products that tend to be co-exported with the products that Timor Leste exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

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.

Diversification Frontier

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