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Timor-Leste
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As of 2023, Timor-Leste's export economy remains heavily reliant on petroleum products, with efforts underway to diversify through agricultural and niche commodities. The country's total merchandise exports were approximately **US\$294 million**, marking a significant decrease from previous years . --- ### 🇹🇱 Top Export Products of Timor-Leste (2023) | Rank | Product Category | Export Value (US\$ Million) | Share of Total Exports | | | ---- | ------------------------------------ | --------------------------- | ---------------------- | -------------------------------------------------------------------------------------------------------------------------------------- | | 1 | **Crude Petroleum** | \$113.0 | 38.4% | | | 2 | **Petroleum Gas** | \$22.5 | 7.7% | | | 3 | **Coffee (Green and Roasted Beans)** | \$1.4 | 0.5% | | | 4 | **Seaweed** | Data Not Specified | <1% | | | 5 | **Candlenut Oil** | Data Not Specified | <1% | | | 6 | **Lac (Laccifer Lacca Kerr)** | Data Not Specified | <1% | ([The Observatory of Economic Complexity][1], [TrendEconomy][2], [tradedataplus.com][3], [TATOLI Agência Noticiosa de Timor-Leste][4]) | \*Note: The above figures are based on available trade data and may be subject to revisions. ([The Observatory of Economic Complexity][1]) --- ### 🌍 Top Export Destinations In 2023, Timor-Leste's primary export partners were: * **Indonesia**: \$482,000 * **Japan**: \$230,000 * **New Zealand**: \$198,000 * **Australia**: \$165,000 * **Germany**: \$110,000 * **United States**: \$107,000 * **United Kingdom**: \$76,000 * **Taiwan**: \$71,000 * **Republic of Korea**: \$67,000 * **Singapore**: \$23,000([INETL, I.P][5]) These figures highlight Timor-Leste's trade relationships with neighboring countries and key global partners. --- Timor-Leste's economy is heavily dependent on exports of petroleum products, which constitute over 90% of its total exports . The country faces challenges such as declining oil revenues and the need to diversify its export base to ensure sustainable economic growth.([Trade Information Portal][6]) If you need more detailed information on specific export categories or trade partners, feel free to ask! [1]: https://oec.world/en/profile/country/tls?utm_source=chatgpt.com "Timor-Leste (TLS) Exports, Imports, and Trade Partners | The ..." [2]: https://trendeconomy.com/data/h2/TimorLeste/TOTAL?utm_source=chatgpt.com "Timor-Leste | Imports and Exports | World - TrendEconomy" [3]: https://tradedataplus.com/countries/timor-leste?utm_source=chatgpt.com "Timor-leste Import Export Data - TradeDataPlus | Timor-leste Trade Data" [4]: https://en.tatoli.tl/2024/01/16/tradeinvest-facilitates-the-export-of-four-local-products-to-six-countries/09/?utm_source=chatgpt.com "TradeInvest facilitates export of four local products to six countries ..." [5]: https://inetl-ip.gov.tl/wp-content/uploads/2023/11/Monthly-External-Trade-Statistics-September-2023-1-1.pdf?utm_source=chatgpt.com "EXTERNAL TRADE STATISTICS TIMÓR LESTE - INETL, I.P" [6]: https://timor-lestetradeportal.com/en-gb/site/display/808?utm_source=chatgpt.com "Top Export-Import Countries - timor-lestetradeportal.com"