Timor-Leste posts trade deficit of US$893 million in 2014

11 March 2015

Timor-Leste’s (East Timor’s) balance of trade in 2014 recorded a deficit of US$893 million, an increase of 13.79 percent year on year, said Tuesday in Dili the Statistics Directorate of the Ministry of Finance.

The quarterly statistical statement said that in 2014 Timor-Leste exported goods worth US$91.96 million, most of which were “re-exports”, an increase of 13.72 percent compared to 2013.

Imports amounted to US$982.23 million, which was 14.64 percent more than in 2013, when the country imported products worth US$838.47 million.

Fuels and vehicles accounted for the largest shares of Timor’s imports, with the main countries of origin being Indonesia, Singapore, Malaysia, Australia and Portugal. (macauhub/TL)