2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Singapore-Chinese Taipei Trade: In 2023, Singapore exported $9.84B to Chinese Taipei. The main products that Singapore exported to Chinese Taipei were Integrated Circuits ($3.9B), Machinery Having Individual Functions ($2.33B), and Refined Petroleum ($433M). Over the past 5 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 1.91%, from $8.95B in 2018 to $9.84B in 2023.

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

Chinese Taipei-Singapore Trade: In 2023, Chinese Taipei exported $47B to Singapore. The main products that Chinese Taipei exported to Singapore were Integrated Circuits ($37.7B), Refined Petroleum ($2.45B), and Computers ($1.15B). Over the past 5 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 9.18%,  from $30.3B in 2018 to $47B in 2023.

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

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $9.84B to Chinese Taipei. The main products exported from Singapore to Chinese Taipei were Integrated Circuits ($3.9B), Machinery Having Individual Functions ($2.33B), and Refined Petroleum ($433M). During the last 5 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 1.91%, from $8.95B in 2018 to $9.84B in 2023.

In 2018, Chinese Taipei exported $47B to Singapore. The main products exported from Chinese Taipei to Singapore were Integrated Circuits ($37.7B), Refined Petroleum ($2.45B), and Computers ($1.15B). During the last 5 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 9.18%, from $30.3B in 2023 to $47B in 2018.

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

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

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Chinese Taipei
Top Destination
China$101B

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

In 2023, countries that imported more from Singapore than Chinese Taipei included Malaysia ($31.4B), Indonesia ($18.2B), and Nigeria ($9.35B).

In 2023, countries that imported more from Chinese Taipei than Singapore included China ($101B), United States ($85.6B), and Japan ($33.1B).

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

Comparative Advantage Singapore - Chinese Taipei

Flow
Scale

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

During 2023, Singapore had a large net trade with Chinese Taipei in the exports of Machines ($7.08B), Chemical Products ($818M), and Mineral Products ($474M).

During 2018, Chinese Taipei had a large net trade with Singapore in the exports of Machines ($42.5B), Mineral Products ($2.48B), and Chemical Products ($750M).

Economic Complexity

Competitive Landscape

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

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

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