East-Timor: Trade Profile

Foreign Trade in Figures

East Timor is open to foreign trade. As a fact, the country’s trade policy has as a priority the development of trade relationships with Indonesia and other regional countries like Malaysia and Singapore.

Customs duties are low in East Timor. The country has an easy access and does not impose any trade barriers. The factors that limit foreign trade are: poor infrastructures, a weak development of its micro-finance, high interest rates in private banks and the lack of skilled labor force.

In spite that the trade balance is in deficit outside from oil and gas exports, the export of these two insure the country's trade balance surplus and it is expected to continue like that.

Its main trading partners are Southeast Asia, Australia and the United States.

Foreign Trade Indicators	2006	2007	2008	2009	2010
Imports of Goods (million USD)	101	183	269	295	370
Exports of Goods (million USD)	8	8	13	8	5
Imports of Services (million USD)	232	325	488	552	-
Exports of Services (million USD)	34	63	44	47	-

Source: WTO - World Trade Organization ; World Bank - Last Available Data.

To go further, check out our service Import export flows

Commercial Policy

Main International Economic Cooperation: Member of International Federation for East Timor - IEFT
Assessment of Commercial Policy: East Timor and WTO
Average Customs Duty (Excluding Agricultural Products): 6%

List of tariffs and local taxes that apply to your product on our service Customs duties and local taxes

Useful Resources: Ministry of Finances

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