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2022
Flag → Flag
Exports $1.17BRnk 44 / 222
2022
Flag → Flag
Top Product $326MPackaged Medicaments
2022
Flag → Flag
Exports $2.41BRnk 22 / 210
2022
Flag → Flag
Top Product $535MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.94Rnk 3 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

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.

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.

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

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €55.4M and imported €137M from Chinese Taipei, resulting in a negative trade balance of €81.8M. Between July 2023 and July 2024 the exports of Belgium have decreased by €-34.6M (-38.4%) from €90M to €55.4M, while imports decreased by €-43.3M (-24%) from €181M to €137M.

Trade In July 2024, the top exports of Belgium to Chinese Taipei were Pharmaceutical products (€37.7M), Cars, tractors, trucks & parts thereof. (€10.2M), Machinery, mechanical appliances, & parts (€5.43M), Electrical machinery and electronics (€3.7M), and Optical, photo, & film equipment; medical... (€3.47M). In July 2024 the top imports of Belgium from Chinese Taipei were Electrical machinery and electronics (€81.9M), Iron & steel (€40.1M), Machinery, mechanical appliances, & parts (€10.1M), Organic chemicals (€9.28M), and Plastics & articles thereof (€7.24M).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Chinese Taipei was explained primarily by an decrease in product exports in Cermet articles (€-1.29M or -99.1%), Edible products of animal origin, n.e.s. (€-1.28M or -72.7%), and Electrical machinery and electronics (€-925k or -20%). In July 2024, the decrease in Belgium's year-by-year imports  from Chinese Taipei was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-23.8M or -95.6%), Perfumery & cosmetics (€-1.67M or -84.8%), and Tools & cutlery (€-1.42M or -49.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-34.6M(-38.4%)
IMPORT GROWTH (July 2023 - July 2024)€-43.3M(-24%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Chinese Taipei and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chinese Taipei and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $1.17B in 2022.

In 2017, 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 2022 to $2.41B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Chinese Taipei
Top DestinationChina$121B

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

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

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

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

Comparative Advantage Belgium - Chinese Taipei

Flow
Scale

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

During 2022, Belgium had a large net trade with Chinese Taipei in the exports of Chemical Products ($614M), Transportation ($153M), and Machines ($121M).

During 2017, Chinese Taipei had a large net trade with Belgium in the exports of Machines ($899M), Metals ($646M), and Chemical Products ($237M).

Economic Complexity

Competitive Landscape

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

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

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