Chinese Taipei (TWN) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Chinese Taipei-Belgium Trade: In 2022, Chinese Taipei exported $2.41B to Belgium. The main products that Chinese Taipei exported to Belgium were Integrated Circuits ($535M), Hot-Rolled Iron ($166M), and Coated Flat-Rolled Iron ($149M). Over the past 5 years the exports of Chinese Taipei to Belgium have increased at an annualized rate of 10.9%, from $1.44B in 2017 to $2.41B in 2022.

In 2022, Chinese Taipei did not export any services to Belgium.

Belgium-Chinese Taipei Trade: In 2022, Belgium exported $1.17B to Chinese Taipei. The main products that Belgium exported to Chinese Taipei were Packaged Medicaments ($326M), Vaccines, blood, antisera, toxins and cultures ($158M), and Cars ($139M). Over the past 5 years the exports of Belgium to Chinese Taipei have increased at an annualized rate of 12.9%, from $637M in 2017 to $1.17B in 2022.

In 2022, Belgium did not export any services to Chinese Taipei.

Comparison: In 2022, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Chinese Taipei exported $2.41B to Belgium. The main products exported from Chinese Taipei to Belgium were Integrated Circuits ($535M), Hot-Rolled Iron ($166M), and Coated Flat-Rolled Iron ($149M). During the last 5 years the exports of Chinese Taipei to Belgium have increased at an annualized rate of 10.9%, from $1.44B in 2017 to $2.41B in 2022.

In 2017, Belgium exported $1.17B to Chinese Taipei. The main products exported from Belgium to Chinese Taipei were Packaged Medicaments ($326M), Vaccines, blood, antisera, toxins and cultures ($158M), and Cars ($139M). During the last 5 years the exports of Belgium to Chinese Taipei have increased at an annualized rate of 12.9%, from $637M in 2022 to $1.17B in 2017.

Exports from Chinese Taipei () to Belgium () (2022)

Exports from Belgium () to Chinese Taipei () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chinese Taipei
Top DestinationChina$121B

Belgium
Top DestinationGermany$91.9B

This map shows whether countries import more from Chinese Taipei or Belgium. Each country is colored based on the difference in imports they receive from Chinese Taipei and Belgium or the difference in the growth in imports.

In 2022, countries that imported more from Chinese Taipei than Belgium included China ($121B), Hong Kong ($65.8B), and United States ($82.6B).

In 2022, countries that imported more from Belgium than Chinese Taipei included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Chinese Taipei and Belgium by product, considering products traded by both, Chinese Taipei and Belgium.

During 2022, Chinese Taipei had a large net trade with Belgium in the exports of Machines ($899M), Metals ($646M), and Chemical Products ($237M).

During 2017, Belgium had a large net trade with Chinese Taipei in the exports of Chemical Products ($614M), Transportation ($153M), and Machines ($121M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Chinese Taipei and Belgium. This means that a dot/product with the flag of Chinese Taipei indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Chinese Taipei.

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Historical Data

Bilateral Trade by Products

Exports from Chinese Taipei () to Belgium () (2022)

Exports from Belgium () to Chinese Taipei () (2022)

Market Competitiveness

Difference in imports from Belgium () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Chinese Taipei () and Belgium () (2022)

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