2023
Exports
$10.1BWorld Rnk 23 / 214
Flag Rnk 5 / 1189
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$6.19BWorld Rnk 39 / 226
Flag Rnk 7 / 1203
2023
ECONOMIC COMPLEXITY of Chinese Taipei
2Rnk 2 / 132

About

Exports In 2023, Chinese Taipei exported $10.1B in Refined Petroleum, making it the 23rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Chinese Taipei. The main destination of Refined Petroleum exports from Chinese Taipei are: Australia ($2.64B), Singapore ($2.45B), Malaysia ($1.39B), United States ($523M), and Hong Kong ($415M).

The fastest growing export markets for Refined Petroleum of Chinese Taipei between 2022 and 2023 were South Korea ($209M), Hong Kong ($114M), and Ecuador ($63.8M).

Imports In 2023, Chinese Taipei imported $6.19B in Refined Petroleum, becoming the 39th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in Chinese Taipei. Chinese Taipei imports Refined Petroleum primarily from: Russia ($1.06B), United Arab Emirates ($968M), South Korea ($922M), Malaysia ($628M), and Qatar ($490M).

The fastest growing import markets in Refined Petroleum for Chinese Taipei between 2022 and 2023 were Russia ($527M), Singapore ($196M), and Netherlands ($116M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10.1B
IMPORTS (2023)$6.19B
NET TRADE (2023)$3.94B

In 2023, Chinese Taipei exported $10.1B in Refined Petroleum. The main destinations of Chinese Taipei exports on Refined Petroleum were Australia ($2.64B), Singapore ($2.45B), Malaysia ($1.39B), United States ($523M), and Hong Kong ($415M).

In 2023, Chinese Taipei imported $6.19B in Refined Petroleum, mainly from Russia ($1.06B), United Arab Emirates ($968M), South Korea ($922M), Malaysia ($628M), and Qatar ($490M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Chinese Taipei WERE (2022 - 2023):
South Korea$209M (234%)
Hong Kong$114M (37.8%)
Ecuador$63.8M (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Chinese Taipei WERE (2022 - 2023):
Australia-$819M (-23.6%)
Bangladesh-$537M (-90%)
Philippines-$500M (-60.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Chinese Taipei's main exporting competitors in Refined Petroleum were:
In 2023, Chinese Taipei's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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