Sometimes FileZilla can throw an error "Connection Timed Out" even though all the details were entered correctly! No worries, there is an easy solution for that. You would need to follow these steps to resolve the issue:
Steps to resolve timeout issue:
Click on ‘Edit’ and select 'Settings'
In a new window choose ‘Connection’. You can see the field ‘Timeout in seconds’, which extends a duration where FileZilla will try to reconnect if there is any issues with connection. Make sure to enter some bigger number, such as '999'. Then click on ‘OK’ button at the bottom.