Economic Indicators
2020(a) | 2021(a) | 2022b) | 2023(b) | |
Population (million) | 1.3 | 1.3 | 1.4 | 1.4 |
GDP (US$ million) | 1,902 | 2,358 | 2,455 | 2,085 |
Real GDP Growth Rate (%) | -8.6 | 1.5 | 3.3 | 4.2 |
Total Export of Goods (US$ million) | 17.4 | 2,287.3 | 35.0 | 39.0 |
Total Import of Goods (US$ million) | 527.3 | 799.7 | 682.0 | 765.0 |
Total Export of Services (US$ million) | 39.7 | 28.1 | – | – |
Total Import of Services (US$ million) | 315.1 | 722.8 | – | – |
Consumer Price Index (%) | 0.5 | 3.8 | 7.0 | 4.0 |
Current Account Balance (US$ million) | -308 | -43 | -284 | -821 |
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 International Monetary Fund (IMF)
Source: 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 in Goods between Mainland China and Timor-Leste (Thousand US dollars)
Year | Total trade | Total exports value * | Total imports value ** |
2022 | 43,584.0 | 29,048.3 | 14,535.7 |
2021 | 37,358.5 | 26,043.3 | 11,345.1 |
2020 | 19,162.7 | 19,041.7 | 121.1 |
2019 | 16,751.0 | 14,294.6 | 2,456.4 |
2018 | 13,550.3 | 13,248.9 | 301.4 |
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 | 746.8 | 746.8 | – |
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
- “2021 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)
- International Trade Center (ITC)
- “2022 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
- “Country Economic Forecast – Timor-Leste (Nov 2022)” by Oxford Economics
Updated in June 2023.
