2023
Flag
 GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC
$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Chinese Taipei-Finland Trade: In 2023, Chinese Taipei exported $1.08B to Finland. The main products that Chinese Taipei exported to Finland were Integrated Circuits ($715M), Broadcasting Equipment ($45.4M), and Iron Fasteners ($27.6M). Over the past 5 years the exports of Chinese Taipei to Finland have increased at an annualized rate of 21.6%, from $408M in 2018 to $1.08B in 2023.

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

Finland-Chinese Taipei Trade: In 2023, Finland exported $350M to Chinese Taipei. The main products that Finland exported to Chinese Taipei were Electric Batteries ($51.1M), Blank Audio Media ($27.1M), and Electrical Transformers ($25.3M). Over the past 5 years the exports of Finland to Chinese Taipei have decreased at an annualized rate of 1.06%,  from $369M in 2018 to $350M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $1.08B to Finland. The main products exported from Chinese Taipei to Finland were Integrated Circuits ($715M), Broadcasting Equipment ($45.4M), and Iron Fasteners ($27.6M). During the last 5 years the exports of Chinese Taipei to Finland have increased at an annualized rate of 21.6%, from $408M in 2018 to $1.08B in 2023.

In 2018, Finland exported $350M to Chinese Taipei. The main products exported from Finland to Chinese Taipei were Electric Batteries ($51.1M), Blank Audio Media ($27.1M), and Electrical Transformers ($25.3M). During the last 5 years the exports of Finland to Chinese Taipei have decreased at an annualized rate of 1.06%, from $369M in 2023 to $350M in 2018.

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

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

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Finland
Top Destination
United States$9.68B

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

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

In 2023, countries that imported more from Finland than Chinese Taipei included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

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

Comparative Advantage Chinese Taipei - Finland

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Finland in the exports of Machines ($899M), Metals ($59.8M), and Transportation ($44.5M).

During 2018, Finland had a large net trade with Chinese Taipei in the exports of Machines ($154M), Paper Goods ($78.7M), and Chemical Products ($30.6M).

Economic Complexity

Competitive Landscape

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

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

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