Main Economic Indicators of the recent three years

Indicator	2021	2022	2023
Population (million)	1.31	1.33	1.35
GDP (US$ billion)	3.62	3.21	2.34
Real GDP Growth Rate (%)	1.6	4.0	1.5
Total Export of Goods (US$ million)	616	473	295
Total Import of Goods (US$ million)	873	934	894
Total Export of Services (US$ million)	28*	56*	69
Total Import of Services (US$ million)	723*	617*	398
Inflation measured by the Consumer Price Index (Annual Inflation rate%)	3.8	7.0	8.4
Current Account Balance (US$ billion)	0.151	0.273	-0.373

 

Source: “*” Data from World Trade Organization International Monetary Fund (IMF)

Main export and import goods destinations

Main export destinations (2021)	Proportion in total value of exports goods (%)
Indonesia	73.4
China	11.9
Switzerland	8.8
Japan	2.9
Others	3.0
Main source of import (2021)	Proportion in total value of imports goods (%)
Indonesia	39.2
China	16.3
Singapore	13.8
Hong Kong (China)	5.6
Others	25.1

Source: International Monetary Fund (IMF)

Main export and import goods

Major export goods (2021)	Proportion in total value of exports goods (%)
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	91.3
Coffee, tea, mate and spices	5.1
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	0.8
Others	2.8
Major import goods (2021)	Proportion in total value of imports goods (%)
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	18.1
Vehicles other than railway or tramway rolling-stock and parts and accessories thereof	7.6
Steel product	7.4
Others	66.9

Source: International Trade Center (ITC)

Statistics on Trade in Services

Main Exports Services (2021)	Proportion in total value of exports services (%)
Tourism	42.9
Government goods and services n.i.e.	39.3
Financial Services	14.3
Other	3.5
Main Imports Services (2021)	Proportion in total value of imports services (%)
Government goods and services n.i.e.	41.2
Construction	24.0
Transport	15.6
Other	19.2

Remarks：The above content is the estimated data of UNCTAD, WTO and ITC.

Source: International Trade Centre

Statistics on the Trade of Goods between Mainland China and Timor-Leste of recent three years (US$ thousands)

Year	Total Trade	Total Exports Value	Total Imports Value
2023	336,396	261,792	74,603
2022	435,840	290,483	145,357
2021	373,585	260,433	113,151

 

Remarks: “Exports” refers of goods exported to Timor-Leste from Mainland China; “Imports” refers of goods imported from Timor-Leste to Mainland China

Source of Data: General Administration of Customs of the People’s Republic of Chin

Statistics on the Trade of Goods between the Macao SAR and Timor-Leste of recent three years (US$) (USD 1 ≈ MOP 8)

Year	Total Trade	Total Exports Value	Total Imports Value
2023	206,670.0	0	206,670.0
2022	746.8	746.8	0
2021	0	0	0

Remarks: “Exports” refers of goods exported to Timor-Leste from Macao; “Imports” refers of goods imported from Timor-Leste to Macao. Source: Statistics and Census Service (DSEC), Macao SAR Government

 

Source:

• “Country (region) guide for foreign investment co-operation (Timor-Leste)” by the Ministry of Commerce the People’s Republic of China 
• “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
• General Administration of Customs of the People’s Republic of China
• SinoMaps Press
• Statistics and Census Service (DSEC), Macao SAR Government
• Statistics Timor-Leste
• International Monetary Fund (IMF)
• World Trade Organization (WTO)
• International Trade Center (ITC)
• “2023 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)

Updated in June 2024.