East Timor recorded a trade deficit of 44064.27 USD Thousand in May of 2021. source: National Statistics Directorate, Timor

Balance of Trade in East Timor averaged -35752.78 USD Thousand from 2005 until 2021, reaching an all time high of 75032.23 USD Thousand in September of 2016 and a record low of -248083 USD Thousand in December of 2009. This page provides the latest reported value for - East Timor Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. East Timor Balance of Trade - values, historical data and charts - was last updated on July of 2021.

Balance of Trade in East Timor is expected to be -46722.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in East Timor to stand at -46722.00 in 12 months time. In the long-term, the East Timor Balance of Trade is projected to trend around -46722.00 USD Thousand in 2022, according to our econometric models.

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East Timor Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-44064.27 -19892.10 75032.23 -248083.00 2005 - 2021 USD Thousand Monthly

East Timor Trade Last Previous Highest Lowest Unit
Balance of Trade -44064.27 -19892.10 75032.23 -248083.00 USD Thousand [+]
Current Account -302.00 133.00 2736.00 -544.50 USD Million [+]
Current Account to GDP -18.00 7.00 252.00 -32.20 percent of GDP [+]
Imports 49107.02 49265.97 343421.85 1405.59 USD Thousand [+]
Exports 44700.59 29373.86 174162.37 -52862.17 USD Thousand [+]
Terrorism Index 0.00 0.00 2.49 0.00 [+]
Tourist Arrivals 1365.00 1450.00 25923.00 225.00 [+]

East Timor Balance of Trade
Even though Timor is an exporter of oil, it runs consistent trade deficits. This is mainly due to high imports needed to rebuild the country’s underdeveloped infrastructure. Oil accounts for around 49 percent of Timor's export revenues. Timor's other exports include coffee, books, aircraft parts, electronic appliances and sandblasting machines. Timor mainly imports electrical machinery, fuel, electrical appliances, machinery, books, beverages, vegetables, cement, plastics, cereals and textiles. Timor's main trading partners are Finland, Japan, Singapore, Indonesia, Malaysia, Australia, China and Portugal. .