2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC 
$87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Norway-Chinese Taipei Trade: In 2023, Norway exported $405M to Chinese Taipei. The main products that Norway exported to Chinese Taipei were Non-fillet Fresh Fish ($153M), Crude Petroleum ($79.3M), and Ferroalloys ($45.8M). Over the past 5 years the exports of Norway to Chinese Taipei have increased at an annualized rate of 8.15%, from $274M in 2018 to $405M in 2023.

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

Chinese Taipei-Norway Trade: In 2023, Chinese Taipei exported $625M to Norway. The main products that Chinese Taipei exported to Norway were Broadcasting Equipment ($105M), Computers ($68.5M), and Integrated Circuits ($64.2M). Over the past 5 years the exports of Chinese Taipei to Norway have increased at an annualized rate of 6.38%,  from $459M in 2018 to $625M in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). 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, Norway exported $405M to Chinese Taipei. The main products exported from Norway to Chinese Taipei were Non-fillet Fresh Fish ($153M), Crude Petroleum ($79.3M), and Ferroalloys ($45.8M). During the last 5 years the exports of Norway to Chinese Taipei have increased at an annualized rate of 8.15%, from $274M in 2018 to $405M in 2023.

In 2018, Chinese Taipei exported $625M to Norway. The main products exported from Chinese Taipei to Norway were Broadcasting Equipment ($105M), Computers ($68.5M), and Integrated Circuits ($64.2M). During the last 5 years the exports of Chinese Taipei to Norway have increased at an annualized rate of 6.38%, from $459M in 2023 to $625M in 2018.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
Chinese Taipei
Top Destination
China$101B

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

In 2023, countries that imported more from Norway than Chinese Taipei included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

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

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

Comparative Advantage Norway - Chinese Taipei

Flow
Scale

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

During 2023, Norway had a large net trade with Chinese Taipei in the exports of Animal Products ($195M), Mineral Products ($80.3M), and Metals ($64M).

During 2018, Chinese Taipei had a large net trade with Norway in the exports of Machines ($370M), Metals ($108M), and Transportation ($49.4M).

Economic Complexity

Competitive Landscape

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

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

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