2021
Flag
 GDP
$424BCURRENT US$
Rnk 32 / 204
2011-2021
Flag
GDP GROWTH
51.7%CURRENT US$
Rnk 48 / 204
2021
Flag
GDP PC
$77,710CURRENT US$
Rnk 9 / 204
2011-2021
Flag
GDP PC GROWTH
44.2%CURRENT US$
Rnk 40 / 204

About

Chinese Taipei-Singapore In 2021, Chinese Taipei exported $34.1B to Singapore. The main products that Chinese Taipei exported to Singapore are Integrated Circuits ($27B), Refined Petroleum ($1.72B), and Office Machine Parts ($807M). During the last 26 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 7.61%, from $5.06B in 1995 to $34.1B in 2021.

In 2021, Chinese Taipei did not export any services to Singapore.

Singapore-Chinese Taipei In 2021, Singapore exported $14.9B to Chinese Taipei. The main products that Singapore exported to Chinese Taipei were Integrated Circuits ($6.11B), Photo Lab Equipment ($1.75B), and Machinery Having Individual Functions ($1.13B). During the last 26 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 4.49%, from $4.74B in 1995 to $14.9B in 2021.

In 2021, Singapore did not export any services to Chinese Taipei.

Comparison In 2021,  Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.93), and 11 in total exports ($478B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.74), and 19 in total exports ($351B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Chinese Taipei exported $34.1B to Singapore. The main products exported from Chinese Taipei to Singapore were Integrated Circuits ($27B), Refined Petroleum ($1.72B), and Office Machine Parts ($807M). During the last 26 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 7.61%, from $5.06B in 1995 to $34.1B in 2021.

In 2021, Singapore exported $14.9B to Chinese Taipei. The main products exported from Singapore to Chinese Taipei were Integrated Circuits ($6.11B), Photo Lab Equipment ($1.75B), and Machinery Having Individual Functions ($1.13B). During the last 26 years the exports of Singapore to Chinese Taipei have increased at an annualized rate of 4.49%, from $4.74B in 1995 to $14.9B in 2021.

Exports from Chinese Taipei (Flag) to Singapore (Flag) (2021)

Exports from Singapore (Flag) to Chinese Taipei (Flag) (2021)

Latest Data

Trade between Chinese Taipei (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$126B
Singapore
Top Destination
China$56.8B

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 2021, countries that imported more from Chinese Taipei than Singapore were China ($126B), United States ($70.9B), and Japan ($30.2B).

In 2021, countries that imported more from Singapore than Chinese Taipei were Indonesia ($18.4B), Malaysia ($27.7B), and India ($16.4B).

Difference in imports from Singapore (Flag) and Chinese Taipei (Flag) (2021)

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 2021, Chinese Taipei had a large net trade with Singapore in the exports of Machines ($29.7B), Mineral Products ($1.74B), and Chemical Products ($787M).

During 2021, Singapore had a large net trade with Chinese Taipei in the exports of Machines ($9.12B), Instruments ($2.68B), and Chemical Products ($1.11B).

Economic Complexity

Competitive Landscape

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.

Product Space of Chinese Taipei (Flag) and Singapore (Flag) (2021)

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