2023
Flag
 GDP
$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH
23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC
$54,701CURRENT US$
Rnk 20 / 196
2013-2023
Flag
GDP PC GROWTH
16.5%CURRENT US$
Rnk 113 / 195

About

Chinese Taipei-Belgium Trade: In 2023, Chinese Taipei exported $1.86B to Belgium. The main products that Chinese Taipei exported to Belgium were Integrated Circuits ($613M), Hot-Rolled Iron ($118M), and Broadcasting Equipment ($93.6M). Over the past 5 years the exports of Chinese Taipei to Belgium have increased at an annualized rate of 15.1%, from $919M in 2018 to $1.86B in 2023.

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

Belgium-Chinese Taipei Trade: In 2023, Belgium exported $944M to Chinese Taipei. The main products that Belgium exported to Chinese Taipei were Cars ($203M), Packaged Medicaments ($121M), and Vaccines, blood, antisera, toxins and cultures ($120M). Over the past 5 years the exports of Belgium to Chinese Taipei have increased at an annualized rate of 9.69%,  from $594M in 2018 to $944M in 2023.

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

Comparison: In 2023,  Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $1.86B to Belgium. The main products exported from Chinese Taipei to Belgium were Integrated Circuits ($613M), Hot-Rolled Iron ($118M), and Broadcasting Equipment ($93.6M). During the last 5 years the exports of Chinese Taipei to Belgium have increased at an annualized rate of 15.1%, from $919M in 2018 to $1.86B in 2023.

In 2018, Belgium exported $944M to Chinese Taipei. The main products exported from Belgium to Chinese Taipei were Cars ($203M), Packaged Medicaments ($121M), and Vaccines, blood, antisera, toxins and cultures ($120M). During the last 5 years the exports of Belgium to Chinese Taipei have increased at an annualized rate of 9.69%, from $594M in 2023 to $944M in 2018.

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

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

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Belgium
Top Destination
France$85.6B

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

In 2023, countries that imported more from Belgium than Chinese Taipei included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

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 2023, Chinese Taipei had a large net trade with Belgium in the exports of Machines ($975M), Metals ($352M), and Mineral Products ($148M).

During 2018, Belgium had a large net trade with Chinese Taipei in the exports of Chemical Products ($359M), Transportation ($215M), and Machines ($96.3M).

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) (2023)

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