Economic Indicators
2019(a) | 2020(a) | 2021(b) | 2022(c) | |
Population (million) | 1.3 | 1.3 | 1.3 | – |
GDP (US$ billion) | 2.0 | 1.9 | 2.0 | – |
Real GDP growth rate (%) | 19.5 | 10.4 | 4.0 | 4.5 |
Total exports (US$ million) | 26.0 | 17.4 | – | – |
Total imports (US$ million) | -592.5 | -527.4 | – | – |
Consumer Price Index (%) | 1.0 | 0.5 | 3.5 | 2.1 |
Current account balance (US$ million) | 134.0 | -356.7 | – | – |
Exchange Rate | US dollar is used; also issued Centavo the nation coin, with 1:1 with US dollar |
Remarks: (a) actual value; (b) estimated value of Economist Intelligence Unit (EIU); (c) predicted value of Economist Intelligence Unit (EIU).
Source: Country Report Q4 2021 (Timor-Leste) by the British Economist Intelligence Unit
Main export and import goods destinations
Main export destinations (2021) | Proportion in total value of exports goods (%) |
Indonesia | 25.4 |
USA | 22.3 |
Germany | 13.6 |
China | 8.5 |
Others | 30.2 |
Main source of import (2021) | Proportion in total value of imports goods (%) |
Indonesia | 31.9 |
China | 15.1 |
Singapore | 13.1 |
Hong Kong (China) | 10.1 |
Others | 29.8 |
Source: Statistics Timor-Leste
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 | 5.11 |
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 | 0.88 |
Others | 2.71 |
Major import goods (2021) | Proportion in total value of imports goods (%) |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 18.06 |
Vehicles other than railway or tramway rolling-stock and parts and accessories thereof | 7.6 |
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 7.36 |
Steel product | 4.65 |
Others | 62.33 |
Source: International Trade Center (ITC)
Statistics on Trade in Services
Main Exports Services (2021) | Proportion in total value of exports services (%) |
Tourism | 42.8 |
Government procurement on goods and services | 39.3 |
Transportation | 14.3 |
Other | 3.6 |
Main Imports Services (2021) | Proportion in total value of imports services (%) |
Government procurement on goods and services | 41.2 |
Construction | 24 |
Transportation | 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 in Goods between Mainland China and Timor-Leste (Thousand US dollars)
Year | Total trade | Total exports value * | Total imports value ** |
2022 | 435,840 | 290,483 | 145,357 |
2021 | 373,585 | 260,433 | 113,151 |
2020 | 191,627 | 190,417 | 1,211 |
2019 | 167,510 | 142,946 | 24,564 |
2018 | 135,503 | 132,489 | 3,014 |
Remarks: * Value of goods exported to Timor-Leste from Mainland China; **Value of goods imported from Timor-Leste to Mainland China
Source of Data: General Administration of Customs of the People’s Republic of China
Statistics on the trade between Macao and Timor-Leste (US$) (1 USD»8 MOP)
Year | Total trade | Total exports value* | Total imports value ** |
2022 | 746.7 | 746.7 | – |
2021 | – | – | – |
2020 | 219,383.9 | – | 219,383.9 |
2019 | – | – | – |
2018 | 20,356.5 | 20,356.5 | – |
Remarks: * Value of goods exported to Timor-Leste from Macao; **Value 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
- “2020 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China
- 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 Trade Center (ITC)
- Country Report Q4 2021 (Timor-Leste) by the British Economist Intelligence Unit
- 2021 World Investment Report by the UNCTAD
Updated in February 2023.