East Timor recorded a trade deficit of 22592.015 USD Thousand in July of 2022. source: National Statistics Directorate, Timor

Balance of Trade in East Timor averaged -35626.99 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 October of 2022.

Balance of Trade in East Timor is expected to be 4500.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the East Timor Balance of Trade is projected to trend around -25000.00 USD Thousand in 2023 and -27000.00 USD Thousand in 2024, according to our econometric models.

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East Timor Balance of Trade



Related Last Previous Unit Reference
Balance of Trade -22592.02 -25209.09 USD Thousand Jul 2022
Imports 60952.62 79738.14 USD Thousand Jul 2022
Exports 38260.60 54529.05 USD Thousand Jul 2022
Tourist Arrivals 2665.00 1479.00 Sep 2021

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. .
Actual Previous Highest Lowest Dates Unit Frequency
-22592.02 -25209.09 75032.23 -248083.00 2005 - 2022 USD Thousand Monthly