2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Chinese Taipei-Singapore Trade: In 2023, Chinese Taipei exported $47B to Singapore. The main products that Chinese Taipei exported to Singapore were Integrated Circuits ($37.7B), Refined Petroleum ($2.45B), and Computers ($1.15B). Over the past 5 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 9.18%, from $30.3B in 2018 to $47B in 2023.

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

Singapore-Chinese Taipei Trade: In 2023, Singapore exported $9.84B to Chinese Taipei. The main products that Singapore exported to Chinese Taipei were Integrated Circuits ($3.9B), Machinery Having Individual Functions ($2.33B), and Refined Petroleum ($433M). Over the past 5 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 1.91%,  from $8.95B in 2018 to $9.84B in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $47B to Singapore. The main products exported from Chinese Taipei to Singapore were Integrated Circuits ($37.7B), Refined Petroleum ($2.45B), and Computers ($1.15B). During the last 5 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 9.18%, from $30.3B in 2018 to $47B in 2023.

In 2018, Singapore exported $9.84B to Chinese Taipei. The main products exported from Singapore to Chinese Taipei were Integrated Circuits ($3.9B), Machinery Having Individual Functions ($2.33B), and Refined Petroleum ($433M). During the last 5 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 1.91%, from $8.95B in 2023 to $9.84B in 2018.

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

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

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Singapore
Top Destination
Hong Kong$44.5B

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 2023, countries that imported more from Chinese Taipei than Singapore included China ($101B), United States ($85.6B), and Japan ($33.1B).

In 2023, countries that imported more from Singapore than Chinese Taipei included Malaysia ($31.4B), Indonesia ($18.2B), and Nigeria ($9.35B).

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

Comparative Advantage Chinese Taipei - Singapore

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Singapore in the exports of Machines ($42.5B), Mineral Products ($2.48B), and Chemical Products ($750M).

During 2018, Singapore had a large net trade with Chinese Taipei in the exports of Machines ($7.08B), Chemical Products ($818M), and Mineral Products ($474M).

Economic Complexity

Competitive Landscape

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.

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

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