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2023
Flag → Flag
Exports $33.2MRnk 105 / 212
2023
Flag → Flag
Exports $35.9MRnk 25 / 157
2023
Flag → Flag
Top Product $27.4MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Chinese Taipei-Iceland Trade: In 2023, Chinese Taipei exported $33.2M to Iceland. The main products that Chinese Taipei exported to Iceland were N/A. Over the past 5 years the exports of Chinese Taipei to Iceland have increased at an annualized rate of 3.58%, from $27.9M in 2018 to $33.2M in 2023.

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

Iceland-Chinese Taipei Trade: In 2023, Iceland exported $35.9M to Chinese Taipei. The main products that Iceland exported to Chinese Taipei were Non-fillet Frozen Fish ($27.4M), Industrial Food Preperation Machinery ($5.68M), and Processed Fish ($951k). Over the past 5 years the exports of Iceland to Chinese Taipei have increased at an annualized rate of 7.75%,  from $24.7M in 2018 to $35.9M in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $33.2M to Iceland. There were not main exports from Chinese Taipei to Iceland in 2023. During the last 5 years the exports of Chinese Taipei to Iceland have increased at an annualized rate of 3.58%, from $27.9M in 2018 to $33.2M in 2023.

In 2018, Iceland exported $35.9M to Chinese Taipei. The main products exported from Iceland to Chinese Taipei were Non-fillet Frozen Fish ($27.4M), Industrial Food Preperation Machinery ($5.68M), and Processed Fish ($951k). During the last 5 years the exports of Iceland to Chinese Taipei have increased at an annualized rate of 7.75%, from $24.7M in 2023 to $35.9M in 2018.

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

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

Market Competitiveness

Color
Chinese Taipei
Top DestinationChina$101B
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2023, countries that imported more from Iceland than Chinese Taipei included Greenland ($72.3M), Bahamas ($25M), and Belarus ($34.6M).

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

Comparative Advantage Chinese Taipei - Iceland

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Iceland in the exports of Machines ($15.5M), Metals ($6.05M), and Transportation ($2.64M).

During 2018, Iceland had a large net trade with Chinese Taipei in the exports of Animal Products ($27.5M), Machines ($5.76M), and Foodstuffs ($1.1M).

Economic Complexity

Competitive Landscape

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

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

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