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2023
Flag → Flag
Exports $45.1MRnk 97 / 212
2023
Flag → Flag
Top Product $9.03MWrenches
2023
Flag → Flag
Exports $53.9MRnk 39 / 191
2023
Flag → Flag
Top Product $14.2MCopper Foil
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag
 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC$128,678CURRENT US$
Rnk 2 / 196
2013-2023
Flag
GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Chinese Taipei-Luxembourg Trade: In 2023, Chinese Taipei exported $45.1M to Luxembourg. The main products that Chinese Taipei exported to Luxembourg were Wrenches ($9.03M), Bi-Wheel Vehicle Parts ($5.44M), and Bicycles, delivery tricycles, other cycles ($2.82M). Over the past 5 years the exports of Chinese Taipei to Luxembourg have decreased at an annualized rate of 18.2%, from $123M in 2018 to $45.1M in 2023.

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

Luxembourg-Chinese Taipei Trade: In 2023, Luxembourg exported $53.9M to Chinese Taipei. The main products that Luxembourg exported to Chinese Taipei were Copper Foil ($14.2M), Gas Turbines ($12.6M), and Iron Sheet Piling ($6.74M). Over the past 5 years the exports of Luxembourg to Chinese Taipei have increased at an annualized rate of 10.4%,  from $29.7M in 2018 to $53.9M in 2023.

In 2023, Luxembourg 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, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $45.1M to Luxembourg. The main products exported from Chinese Taipei to Luxembourg were Wrenches ($9.03M), Bi-Wheel Vehicle Parts ($5.44M), and Bicycles, delivery tricycles, other cycles ($2.82M). During the last 5 years the exports of Chinese Taipei to Luxembourg have decreased at an annualized rate of 18.2%, from $123M in 2018 to $45.1M in 2023.

In 2018, Luxembourg exported $53.9M to Chinese Taipei. The main products exported from Luxembourg to Chinese Taipei were Copper Foil ($14.2M), Gas Turbines ($12.6M), and Iron Sheet Piling ($6.74M). During the last 5 years the exports of Luxembourg to Chinese Taipei have increased at an annualized rate of 10.4%, from $29.7M in 2023 to $53.9M in 2018.

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

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

Market Competitiveness

Color
Chinese Taipei
Top DestinationChina$101B
Luxembourg
Top DestinationGermany$3.42B

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

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

In 2023, countries that imported more from Luxembourg than Chinese Taipei included Oman ($290M), British Virgin Islands ($39.8M), and Mali ($10.2M).

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

Comparative Advantage Chinese Taipei - Luxembourg

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Luxembourg in the exports of Machines ($12.7M), Metals ($12.6M), and Transportation ($10.4M).

During 2018, Luxembourg had a large net trade with Chinese Taipei in the exports of Metals ($23.9M), Machines ($22.1M), and Textiles ($4.43M).

Economic Complexity

Competitive Landscape

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

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

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