2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

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.

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 4.44%,  from $637M in 2017 to $1.17B in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $2.41B in 2022.

In 2017, 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 4.44%, from $637M in 2022 to $1.17B in 2017.

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

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

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$121B
Belgium
Top Destination
Germany$91.9B

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

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

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

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

Comparative Advantage Chinese Taipei - Belgium

Flow
Scale

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

During 2022, Chinese Taipei had a large net trade with Belgium in the exports of Machines ($899M), Metals ($646M), and Chemical Products ($237M).

During 2017, Belgium had a large net trade with Chinese Taipei in the exports of Chemical Products ($614M), Transportation ($153M), and Machines ($121M).

Economic Complexity

Competitive Landscape

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

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

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