Country intelligence · TLS · 2024

Timor-Leste trade profile

In 2024, Timor-Leste recorded $66.7M in merchandise exports and $1.0B in imports, producing a $942.8M trade deficit. Exports changed -58.8% from the previous year, while imports changed +3.7%.[1]

Exports

$66.7M

-58.8%

Imports

$1.0B

+3.7%

Trade balance

-$942.8M

deficit

Active partners

270

0 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$66.7M$1.0B-$942.8M-58.8%
2023$161.8M$973.9M-$812.1M-62.2%
2022$428.1M$1.0B-$599.0M+13.1%
2021$378.5M$737.0M-$358.5M+89.3%
2020$199.9M$592.6M-$392.6M+58.4%
2019$126.2M$538.0M-$411.8M+105.3%
2018$61.5M$483.6M-$422.2M-33.5%
2017$92.4M$548.2M-$455.8M+67.2%
2016$55.3M$593.3M-$538.0M-82.1%
2015$308.9M$501.6M-$192.7M+156.3%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 27 · Mineral fuels and oils

27 active HS6 lines · 4 export partners

$38.7M
2

HS 09 · HS chapter

38 active HS6 lines · 23 export partners

$12.1M
3

HS 22 · HS chapter

24 active HS6 lines · 5 export partners

$7.3M
4

HS 85 · Electrical machinery

255 active HS6 lines · 40 export partners

$1.8M
5

HS 12 · HS chapter

38 active HS6 lines · 8 export partners

$917.7K
6

HS 72 · HS chapter

130 active HS6 lines · 4 export partners

$774.0K
7

HS 84 · Machinery

471 active HS6 lines · 35 export partners

$661.9K
8

HS 40 · HS chapter

68 active HS6 lines · 13 export partners

$571.9K

Leading export markets

Destinations rank bilateral export flows from Timor-Leste; growth describes each corridor rather than the whole economy.

1

Thailand

Annual change +176592.7% · 3-year CAGR 41.2%

$38.7M
2

Timor-Leste

Annual change -31.5% · 3-year CAGR 1344.4%

$7.2M
3

United States

Annual change +12.0% · 3-year CAGR 3.2%

$4.7M
4

Indonesia

Annual change -63.6% · 3-year CAGR 17.5%

$3.4M
5

Japan

Annual change -89.8% · 3-year CAGR -74.4%

$1.5M
6

Singapore

Annual change -96.1% · 3-year CAGR -76.9%

$1.4M
7

Portugal

Annual change -19.8% · 3-year CAGR 53.3%

$1.3M
8

Australia

Annual change -72.4% · 3-year CAGR 8.2%

$1.2M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.