“Te amo mi amor”. What does it mean?

"Te amo mi amor". What does it mean?

The sentence should be spelled ‘Te amo mi amor.” and it means “I love you my love.” in Spanish.
(Small Correction) The above spelling “Te amo mi amor” is correct for Spanish but the original spelling in the question is correct as well “Ti amo mi amor” it is the Italian spelling. Mediterranean languages are sometimes very close in dialect.
Also you can see next types:
mi amor te amo – I love you my love;
hola mi amor te amo – I miss you;
mi amor te amoR – my love you love;
mi amor te amo corazon – I love you my love.

And you can listen beautiful song by Valentina Iofe “Te amo mi amor. I love you my love.”