Chinese Taipei (TWN) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Chinese Taipei-Singapore Trade: In 2022, Chinese Taipei exported $33.7B to Singapore. The main products that Chinese Taipei exported to Singapore were Integrated Circuits ($29.8B), Refined Petroleum ($2.97B), and Office Machine Parts ($908M). Over the past 5 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 45.8%, from $5.11B in 2017 to $33.7B in 2022.

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

Singapore-Chinese Taipei Trade: In 2022, Singapore exported $17.1B to Chinese Taipei. The main products that Singapore exported to Chinese Taipei were Integrated Circuits ($5.76B), Photo Lab Equipment ($2.56B), and Machinery Having Individual Functions ($896M). Over the past 5 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 29.2%, from $4.74B in 2017 to $17.1B in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Chinese Taipei exported $33.7B to Singapore. The main products exported from Chinese Taipei to Singapore were Integrated Circuits ($29.8B), Refined Petroleum ($2.97B), and Office Machine Parts ($908M). During the last 5 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 45.8%, from $5.11B in 2017 to $33.7B in 2022.

In 2017, Singapore exported $17.1B to Chinese Taipei. The main products exported from Singapore to Chinese Taipei were Integrated Circuits ($5.76B), Photo Lab Equipment ($2.56B), and Machinery Having Individual Functions ($896M). During the last 22 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 29.2%, from $4.74B in 1995 to $17.1B in 2017.

Exports from Chinese Taipei () to Singapore () (2022)

Exports from Singapore () to Chinese Taipei () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chinese Taipei
Top DestinationChina$121B

Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Chinese Taipei than Singapore included China ($121B), United States ($82.6B), and Japan ($34.9B).

In 2022, countries that imported more from Singapore than Chinese Taipei included Indonesia ($22.5B), Malaysia ($35.9B), and India ($20.4B).

Difference in imports from Singapore () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Chinese Taipei had a large net trade with Singapore in the exports of Machines ($32.9B), Mineral Products ($3.01B), and Chemical Products ($809M).

During 2017, Singapore had a large net trade with Chinese Taipei in the exports of Machines ($8.2B), Instruments ($3.32B), and Chemical Products ($1.1B).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Chinese Taipei () to Singapore () (2022)

Exports from Singapore () to Chinese Taipei () (2022)

Market Competitiveness

Difference in imports from Singapore () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Chinese Taipei () and Singapore () (2022)

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