India (IND) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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India-Chinese Taipei Trade: In 2022, India exported $2.9B to Chinese Taipei. The main products that India exported to Chinese Taipei were Refined Petroleum ($977M), Raw Aluminium ($254M), and Ferroalloys ($177M). Over the past 5 years the exports of India to Chinese Taipei have decreased at an annualized rate of 0.6%, from $2.98B in 2017 to $2.9B in 2022.

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

Chinese Taipei-India Trade: In 2022, Chinese Taipei exported $6.11B to India. The main products that Chinese Taipei exported to India were Integrated Circuits ($937M), Vinyl Chloride Polymers ($408M), and Polycarboxylic Acids ($402M). Over the past 5 years the exports of Chinese Taipei to India have increased at an annualized rate of 3.98%, from $3.54B in 2017 to $6.11B in 2022.

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

Comparison: In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Latest Trends

August, 2024

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Overview In August 2024, India exported $140M and imported $871M from Chinese Taipei, resulting in a negative trade balance of $731M. Between August 2023 and August 2024 the exports of India have decreased by $-66.1M (-32%) from $206M to $140M, while imports increased by $172M (24.6%) from $699M to $871M.

Trade In August 2024, the top exports of India to Chinese Taipei were Petroleum Products ($51.6M), Aluminium, Products Of Aluminm ($21.2M), Iron And Steel ($13M), Organic Chemicals ($12.1M), and Marine Products ($11.6M). In August 2024 the top imports of India from Chinese Taipei were Telecom Instruments ($174M), Electronics Components ($167M), Plastic Raw Materials ($68.2M), Organic Chemicals ($52.3M), and Computer Hardware, Peripherals ($32.9M).

Growth In August 2024, the decrease in India's year-by-year exports to Chinese Taipei was explained primarily by an decrease in product exports in Petroleum Products ($-39.8M or -43.6%), Zinc And Products Made Of Zinc ($-21.2M or -74.4%), and Iron And Steel ($-13.4M or -50.6%). In August 2024, the increase in India's year-by-year imports from Chinese Taipei was explained primarily by an increase in product imports in Telecom Instruments ($140M or 417%), Electronics Components ($107M or 175%), and Iron And Steel ($7.91M or 63%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$-66.1M(-32%)

IMPORT GROWTH (August 2023 - August 2024)$172M(24.6%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $2.9B to Chinese Taipei. The main products exported from India to Chinese Taipei were Refined Petroleum ($977M), Raw Aluminium ($254M), and Ferroalloys ($177M). During the last 5 years the exports of India to Chinese Taipei have decreased at an annualized rate of 0.6%, from $2.98B in 2017 to $2.9B in 2022.

In 2017, Chinese Taipei exported $6.11B to India. The main products exported from Chinese Taipei to India were Integrated Circuits ($937M), Vinyl Chloride Polymers ($408M), and Polycarboxylic Acids ($402M). During the last 5 years the exports of Chinese Taipei to India have increased at an annualized rate of 3.98%, from $3.54B in 2022 to $6.11B in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from India than Chinese Taipei included United Arab Emirates ($31.6B), Bangladesh ($13.8B), and Netherlands ($17.6B).

In 2022, countries that imported more from Chinese Taipei than India included China ($121B), Hong Kong ($65.8B), and Japan ($34.9B).

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

Comparative Advantage India - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Chinese Taipei in the exports of Mineral Products ($1.08B), Metals ($693M), and Chemical Products ($376M).

During 2017, Chinese Taipei had a large net trade with India in the exports of Machines ($2.66B), Chemical Products ($1.3B), and Plastics and Rubbers ($963M).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage India - Chinese Taipei

Economic Complexity

Competitive Landscape

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

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