External balance on goods and services in East Timor
East Timor: External balance on goods and services was -1.39 billion current US$ in 2024. ◆ Volatile
External balance on goods and services in East Timor, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
East Timor recorded -1.39 billion current US$ for external balance on goods and services in 2024. That is the lowest value across all 25 years on record.
That represents a change of down 53.4% on the previous year and down 30.2% over ten years.
Over the whole period, external balance on goods and services in East Timor peaked at 984.76 million current US$ in 2021 and was at its lowest, -1.39 billion current US$, in 2024.
East Timor ranks 120th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in East Timor, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | -566.58 million current US$ | — |
| 2001 | -710.31 million current US$ | +25.4% |
| 2002 | -773.64 million current US$ | +8.9% |
| 2003 | -532.52 million current US$ | -31.2% |
| 2004 | -407.19 million current US$ | -23.5% |
| 2005 | -279.20 million current US$ | -31.4% |
| 2006 | -364.93 million current US$ | +30.7% |
| 2007 | -590.38 million current US$ | +61.8% |
| 2008 | -755.91 million current US$ | +28.0% |
| 2009 | -1.01 billion current US$ | +34.0% |
| 2010 | -1.03 billion current US$ | +2.1% |
| 2011 | -1.33 billion current US$ | +29.0% |
| 2012 | -1.33 billion current US$ | -0.6% |
| 2013 | -955.58 million current US$ | -27.9% |
| 2014 | -1.07 billion current US$ | +11.5% |
| 2015 | -858.38 million current US$ | -19.4% |
| 2016 | -885.81 million current US$ | +3.2% |
| 2017 | -852.93 million current US$ | -3.7% |
| 2018 | -917.35 million current US$ | +7.6% |
| 2019 | -572.89 million current US$ | -37.5% |
| 2020 | -246.93 million current US$ | -56.9% |
| 2021 | 984.76 million current US$ | -498.8% |
| 2022 | 436.46 million current US$ | -55.7% |
| 2023 | -903.84 million current US$ | -307.1% |
| 2024 | -1.39 billion current US$ | +53.4% |
East Timor compared with similar countries
- East Timor's -1.39 billion current US$ is above the median for lower middle income countries, which is -1.67 billion current US$, 83% of the median. (45 countries reporting)
- East Timor's -1.39 billion current US$ is below the median for East Asia & Pacific, which is -166.62 million current US$, 8.3× the median. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in East Timor changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +498.8% | -246.93 million current US$ | 984.76 million current US$ |
| 2023 | -307.1% | 436.46 million current US$ | -903.84 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -599.37 million current US$ | -1.01 billion current US$ | -279.20 million current US$ | 10 |
| 2010s | -980.24 million current US$ | -1.33 billion current US$ | -572.89 million current US$ | 10 |
| 2020s | -223.26 million current US$ | -1.39 billion current US$ | 984.76 million current US$ | 5 |
Countries ranked near East Timor
More economy & growth data for East Timor
- Foreign direct investment, net outflows (BoP, current US$), gaps 4.50 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 3.21 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 253.24 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 12.32 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1331 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 178.52 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.99 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.4471 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 599.61 includes gold, current US$ per person (2025)
Frequently asked questions
- What is external balance on goods and services in East Timor?
- External balance on goods and services in East Timor was -1.39 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in East Timor?
- The highest recorded value was 984.76 million current US$ in 2021.
- What is the lowest external balance on goods and services recorded in East Timor?
- The lowest recorded value was -1.39 billion current US$ in 2024.
- How does East Timor rank for external balance on goods and services?
- East Timor ranks 120th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in East Timor?
- Over the last ten years it is down 30.2%. The long-run trend across the full record is volatile.
- Where does this East Timor data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.