05/02/2023 - 20:48:30
You are here: Página InicialPublications Market Briefing – East Timor

Pesquisar

Market Briefing – East Timor

MARKET BRIEFING – EAST TIMOR


The Democratic Republic of Timor-Leste or East Timor is a nation in Southeast Asia, that is situated in the eastern half of the island of Timor. Until 1999 it was, following UN intervention, administered by Indonesia when a referendum was held to determine its independence. This resulted in a 78% vote in favour of independence, which was achieved on 20 May 2002.

The island of Timor is part of the Indonesian archipelago and the largest and easternmost of the Lesser Sunda Islands. The climate is tropical and generally hot and humid, characterised by distinct rainy and dry seasons. The population is predominantly Roman Catholic (90%), most of which are of Malayo-Polynesian descent (78%), while those of Filipino extraction account for (20%) and a small ethnic Chinese minority (2%).

East Timor is rich in gold, petroleum, manganese, marble and natural gas resources and the main industries are printing, soap manufacturing, handicrafts, and woven cloth. The major port is Dili Harbour and the main airport is Dili International Airport.

 

2004 MAJOR ECONOMIC INDICATORS
Gross Domestic Product (Billions USD) 0.35
Real GDP growth (%) 3.4%
GDP per capita (current USD) 384
Inflation (%) 0%
Land area (sq km) 14,874
Population (Million) 0.92

 

FOREIGN TRADE FROM 2001 TO 2003 (Unit: Billion U.S. dollars)

Year Total Trade Exports Imports
2001 272 4 268
2002 257 6 251
2003 210 7 203

 

FOREIGN TRADE 2003

Main Exports %
– Coffee 74
– Others product 26
Main Imports US m %
Petroleum products 64 32
Foodstuffs 20 10
Capital Goods 14 7
Construction materials 12 6
Vehicles and parts 12 6
Other 81 40

 

Main Destinations % of total Main Origins % of total
USA 37 Indonesia 36
Indonesia 13 Australia 10
Australia 7 Singapore 5.6
Singapore 2 Portugal 4.3
Germany 2 Thailand 4.1
Norway 1 China 4.0

 

FOREIGN DIRECT INVESTMENT

Distribution by Countries %
Australia 34
Indonesia 24
Singapore 12
Portugal 6
Malaysia 7
China 3
Others 14

 

SOURCE:
The Ministry of Foreign Affairs of the People's Republic of China
http://www.fmprc.gov.cn/chn/
The Ministry of Commerce of the People's Republic of China
http://www.mofcom.gov.cn/
Macao Statistics and Census Service
http://www.dsec.gov.mo/c_index.html
Macao Economic Services
The Economist Intelligence Unit
http://www.economia.gov.mo/
The Economic and Commercial Counselor’s office of the Embassy of the People’s Republic of China in the Democratic Republic of East Timor
http://easttimor.mofcom.gov.cn/index.shtml
The Economic and Commercial Consul’s Office of the Embassy of the
People’s Republic of China in Guinea Bissau
http://gw.mofcom.gov.cn/index.shtml