diff --git a/apps/explorer/config/prod.exs b/apps/explorer/config/prod.exs
index 337dd1cded19..11dcbee39ee4 100644
--- a/apps/explorer/config/prod.exs
+++ b/apps/explorer/config/prod.exs
@@ -3,7 +3,7 @@ import Config
 # Configures the database
 config :explorer, Explorer.Repo.Local,
   prepare: :unnamed,
-  timeout: :timer.seconds(60),
+  timeout: :timer.minutes(3),
   migration_lock: nil,
   telemetry_prefix: [:explorer, :repo]
 
diff --git a/apps/explorer/lib/explorer/chain/import/runner/address/token_balances.ex b/apps/explorer/lib/explorer/chain/import/runner/address/token_balances.ex
index e991427de4d8..c16bb9c064f0 100644
--- a/apps/explorer/lib/explorer/chain/import/runner/address/token_balances.ex
+++ b/apps/explorer/lib/explorer/chain/import/runner/address/token_balances.ex
@@ -14,7 +14,7 @@ defmodule Explorer.Chain.Import.Runner.Address.TokenBalances do
   @behaviour Import.Runner
 
   # milliseconds
-  @timeout 60_000
+  @timeout 120_000
 
   @type imported :: [TokenBalance.t()]