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2022
Flag → Flag
Exports $19.9MRnk 122 / 210
2022
Flag → Flag
Top Product $2.62MAir Pumps
2022
Flag → Flag
Exports $16.5MRnk 25 / 126
2022
Flag → Flag
Top Product $14.1MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 1.94Rnk 3 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133

About

Chinese Taipei-Venezuela Trade: In 2022, Chinese Taipei exported $19.9M to Venezuela. The main products that Chinese Taipei exported to Venezuela were Air Pumps ($2.62M), Synthetic Fabrics ($1.96M), and Styrene Polymers ($1.8M). Over the past 5 years the exports of Chinese Taipei to Venezuela have increased at an annualized rate of 12.9%, from $10.8M in 2017 to $19.9M in 2022.

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

Venezuela-Chinese Taipei Trade: In 2022, Venezuela exported $16.5M to Chinese Taipei. The main products that Venezuela exported to Chinese Taipei were Scrap Iron ($14.1M), Scrap Copper ($745k), and Scrap Aluminium ($422k). Over the past 5 years the exports of Venezuela to Chinese Taipei have increased at an annualized rate of 2.63%,  from $14.5M in 2017 to $16.5M in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chinese Taipei exported $19.9M to Venezuela. The main products exported from Chinese Taipei to Venezuela were Air Pumps ($2.62M), Synthetic Fabrics ($1.96M), and Styrene Polymers ($1.8M). During the last 5 years the exports of Chinese Taipei to Venezuela have increased at an annualized rate of 12.9%, from $10.8M in 2017 to $19.9M in 2022.

In 2017, Venezuela exported $16.5M to Chinese Taipei. The main products exported from Venezuela to Chinese Taipei were Scrap Iron ($14.1M), Scrap Copper ($745k), and Scrap Aluminium ($422k). During the last 5 years the exports of Venezuela to Chinese Taipei have increased at an annualized rate of 2.63%, from $14.5M in 2022 to $16.5M in 2017.

Exports from Chinese Taipei (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Chinese Taipei (Flag) (2022)

Market Competitiveness

Color
Chinese Taipei
Top DestinationChina$121B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Chinese Taipei than Venezuela included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

In 2022, countries that imported more from Venezuela than Chinese Taipei included Lebanon ($150M), Montenegro ($75.9M), and Guyana ($28.9M).

Difference in imports from Venezuela (Flag) and Chinese Taipei (Flag) (2022)

Comparative Advantage Chinese Taipei - Venezuela

Flow
Scale

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

During 2022, Chinese Taipei had a large net trade with Venezuela in the exports of Machines ($7.05M), Plastics and Rubbers ($5.12M), and Textiles ($3.24M).

During 2017, Venezuela had a large net trade with Chinese Taipei in the exports of Metals ($15.5M), Animal Products ($423k), and Wood Products ($284k).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Venezuela (Flag) (2022)

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