Timore-Leste

East Timor ranked No. 203 in total trade value through May with a total of $5.85 million. Exports totaled $4.89 million and Imports totaled $962,114, a surplus of $3.92 million.

U.S. trade with Timore-Leste rose to $5.62 million through May

Timore-Leste’s trade with the United States rose to $5.62 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 209.62 percent above its total trade during the same time period last year. U.S. exports to Timore-Leste increased 329.32 percent while U.S. imports from Timore-Leste rose 31.8 percent. The U.S. surplus with Timore-Leste was $3.69 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Oakland, Calif.; No. 3 Port of Savannah, Ga.; No. 4 Port of Newark; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Baltimore, Md.; No. 2 Port of Grays Harbor, Aberdeen, Wash.; No. 3 Port of Newark; No. 4 Port of Charleston and No. 5 Port of Long Beach. In the current time period, the top five accounted for 87.84 percent of Timore-Leste’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston totaled $4.26 million.
    Exports totaled $4.26 million. There were no imports.
  • Trade with No. 2 Port of Oakland, Calif. totaled $353,718.
    There were no exports. Imports totaled $353,718.
  • Trade with No. 3 Port of Savannah, Ga. totaled $250,008.
    Exports totaled $250,008. There were no imports.
  • Trade with No. 4 Port of Newark fell 44.87 percent to $165,382.
    There were no exports. Imports fell 44.87 percent to $165,382.
  • Trade with No. 5 Port of Virginia totaled $107,692.
    There were no exports. Imports totaled $107,692.

Timore-Leste ranked No. 203 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 211.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Timore-Leste by value through May were the categories of Taps, cocks and valves for pipes, tanks; Prefabricated buildings; Seamless iron tubes and pipes; Parts for heavy machinery; and Internal combustion engines, respectively. They accounted for 49.05 percent of total exports to Timore-Leste.

The value of the top five categories of U.S. imports from Timore-Leste –– Coffee; Rubber tires; Cloves (Whole Fruit, Cloves and Stems); Insulated wire, cable; and Returned exports, without change –– accounted for 93.29 percent of all inbound shipments.

Looking more closely at U.S. exports to Timore-Leste:

  • Taps, cocks and valves for pipes, tanks totaled $536,571. The previous year, there were no exports in this category.
  • Prefabricated buildings totaled $500,000. The previous year, there were no exports in this category.
  • Seamless iron tubes and pipes totaled $459,005. The previous year, there were no exports in this category.
  • Parts for heavy machinery totaled $450,732. The previous year, there were no exports in this category.
  • Internal combustion engines totaled $450,000. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Timore-Leste:

  • Coffee rose 79 percent compared to last year to $662,262.
  • Rubber tires totaled $98,072. The previous year, there were no imports in this category.
  • Cloves (Whole Fruit, Cloves and Stems) fell 18.92 percent compared to last year to $67,028.
  • Insulated wire, cable totaled $49,583. The previous year, there were no imports in this category.
  • Returned exports, without change totaled $20,575. The previous year, there were no imports in this category.

In the latest annual figures available, Timore-Leste recorded $9.91 million in trade with the United States. Total U.S. exports to Timore-Leste were $ 4.79 million and imports from Timore-Leste were $5.12 million. The U.S. deficit with Timore-Leste was $332,437.