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2023
Flag → Flag
Exports $350MRnk 38 / 206
2023
Flag → Flag
Top Product $51.1MElectric Batteries
2023
Flag → Flag
Exports $1.08BRnk 33 / 212
2023
Flag → Flag
Top Product $715MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
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GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Finland-Chinese Taipei Trade: In 2023, Finland exported $350M to Chinese Taipei. The main products that Finland exported to Chinese Taipei were Electric Batteries ($51.1M), Blank Audio Media ($27.1M), and Electrical Transformers ($25.3M). Over the past 5 years the exports of Finland to Chinese Taipei have decreased at an annualized rate of 1.06%, from $369M in 2018 to $350M in 2023.

In 2023, Finland did not export any services to Chinese Taipei.

Chinese Taipei-Finland Trade: In 2023, Chinese Taipei exported $1.08B to Finland. The main products that Chinese Taipei exported to Finland were Integrated Circuits ($715M), Broadcasting Equipment ($45.4M), and Iron Fasteners ($27.6M). Over the past 5 years the exports of Chinese Taipei to Finland have increased at an annualized rate of 21.6%,  from $408M in 2018 to $1.08B in 2023.

In 2023, Chinese Taipei did not export any services to Finland.

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $350M to Chinese Taipei. The main products exported from Finland to Chinese Taipei were Electric Batteries ($51.1M), Blank Audio Media ($27.1M), and Electrical Transformers ($25.3M). During the last 5 years the exports of Finland to Chinese Taipei have decreased at an annualized rate of 1.06%, from $369M in 2018 to $350M in 2023.

In 2018, Chinese Taipei exported $1.08B to Finland. The main products exported from Chinese Taipei to Finland were Integrated Circuits ($715M), Broadcasting Equipment ($45.4M), and Iron Fasteners ($27.6M). During the last 5 years the exports of Chinese Taipei to Finland have increased at an annualized rate of 21.6%, from $408M in 2023 to $1.08B in 2018.

Exports from Finland (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Finland (Flag) (2023)

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Chinese Taipei
Top DestinationChina$101B

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

In 2023, countries that imported more from Finland than Chinese Taipei included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

In 2023, countries that imported more from Chinese Taipei than Finland included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Chinese Taipei

Flow
Scale

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

During 2023, Finland had a large net trade with Chinese Taipei in the exports of Machines ($154M), Paper Goods ($78.7M), and Chemical Products ($30.6M).

During 2018, Chinese Taipei had a large net trade with Finland in the exports of Machines ($899M), Metals ($59.8M), and Transportation ($44.5M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Finland and Chinese Taipei. This means that a dot/product with the flag of Finland 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 Finland.

Product Space of Finland (Flag) and Chinese Taipei (Flag) (2023)

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