Flag Chinese Taipei / Singapore Flag

2020
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Exports
: $24.9B, Rnk 4 / 211

2020
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Top Product
: $19.9B, Integrated Circuits

2020
FlagFlag
Exports
: $11.1B, Rnk 7 / 212

2020
FlagFlag
Top Product
: $4.9B, Integrated Circuits

2020
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Economic Complexity (ECI)
: ECI 1.97, Rnk 3 / 127

2020
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Economic Complexity (ECI)
: ECI 1.84, Rnk 6 / 127

2020
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 GDP
: $340B, CURRENT US$
Rnk 36 / 195

2010-2020
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GDP GROWTH
: 41.8%, CURRENT US$
Rnk 72 / 195

2020
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GDP PC
: $59,798, CURRENT US$
Rnk 10 / 195

2010-2020
Flag
GDP PC GROWTH
: 26.6%, CURRENT US$
Rnk 73 / 195

Chinese Taipei-Singapore In 2020, Chinese Taipei exported $24.9B to Singapore. The main products that Chinese Taipei exported to Singapore are Integrated Circuits ($19.9B), Office Machine Parts ($958M), and Refined Petroleum ($667M). During the last 25 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 6.58%, from $5.06B in 1995 to $24.9B in 2020.

In 2020, Chinese Taipei did not export any services to Singapore.

Singapore-Chinese Taipei In 2020, Singapore exported $11.1B to Chinese Taipei. The main products that Singapore exported to Chinese Taipei were Integrated Circuits ($4.9B), Photo Lab Equipment ($1.32B), and Machinery Having Individual Functions ($762M). During the last 25 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 3.46%, from $4.74B in 1995 to $11.1B in 2020.

In 2020, Singapore did not export any services to Chinese Taipei.

Comparison In 2020,  Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.97), and 10 in total exports ($374B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.84), and 19 in total exports ($281B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Chinese Taipei exported $24.9B to Singapore. The main products exported from Chinese Taipei to Singapore were Integrated Circuits ($19.9B), Office Machine Parts ($958M), and Refined Petroleum ($667M). During the last 25 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 6.58%, from $5.06B in 1995 to $24.9B in 2020.

In 2020, Singapore exported $11.1B to Chinese Taipei. The main products exported from Singapore to Chinese Taipei were Integrated Circuits ($4.9B), Photo Lab Equipment ($1.32B), and Machinery Having Individual Functions ($762M). During the last 25 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 3.46%, from $4.74B in 1995 to $11.1B in 2020.

Singapore Exports

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Market Competitiveness

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Measure

Chinese Taipei
Top Destination
: China, $104B

Singapore
Top Destination
: China, $42.9B

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 2019, countries that imported more from Chinese Taipei than Singapore were China ($104B), United States ($54.8B), and Japan ($24.3B).

In 2019, countries that imported more from Singapore than Chinese Taipei were Malaysia ($22.9B), Indonesia ($14.8B), and India ($11.3B).

Comparative Advantage Chinese Taipei - Singapore

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Flow

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

During 2020, Chinese Taipei had a large net trade with Singapore in the exports of Machines ($22.3B), Mineral Products ($678M), and Chemical Products ($470M).

During 2020, Singapore had a large net trade with Chinese Taipei in the exports of Machines ($6.86B), Instruments ($1.98B), and Chemical Products ($771M).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Chinese Taipei has comparative advantage over Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Chinese Taipei.