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Overview In 2021 Chinese Taipei was the number 11 economy in the world in terms of total exports and the number 18 in total imports.

Exports The top exports of Chinese Taipei are Integrated Circuits ($175B), Office Machine Parts ($22.1B), Computers ($12.4B), Blank Audio Media ($10.5B), and LCDs ($9.02B), exporting mostly to China ($126B), United States ($70.9B), Hong Kong ($63.6B), Singapore ($34.1B), and Japan ($30.2B).

In 2021, Chinese Taipei was the world's biggest exporter of Integrated Circuits ($175B), Copper Foil ($2.99B), and Tapioca ($92.8M)

Imports The top imports of Chinese Taipei are Integrated Circuits ($62.4B), Crude Petroleum ($24.6B), Photo Lab Equipment ($17.2B), Petroleum Gas ($10.9B), and Machinery Having Individual Functions ($8.58B), importing mostly from China ($77.6B), Japan ($52.5B), United States ($35B), South Korea ($25.8B), and Singapore ($14.9B).

In 2021, Chinese Taipei was the world's biggest importer of Disc Chemicals for Electronics ($2.96B), Glass Working Machines ($1.18B), and Halides ($224M)

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Chinese Taipei.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Integrated Circuits$175B
Top Destination (2021)China$126B

In 2021, Chinese Taipei exported a total of $478B, making it the number 11 exporter in the world. During the last five reported years the exports of Chinese Taipei have changed by $175B from $303B in 2016 to $478B in 2021.

The most recent exports are led by Integrated Circuits ($175B), Office Machine Parts ($22.1B), Computers ($12.4B), Blank Audio Media ($10.5B), and LCDs ($9.02B). The most common destination for the exports of Chinese Taipei are China ($126B), United States ($70.9B), Hong Kong ($63.6B), Singapore ($34.1B), and Japan ($30.2B).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
China$23.4B (+ 22.8%)
United States$15.8B (+ 28.8%)
Hong Kong$13.6B (+ 27.3%)
Fastest Growing Import Markets (2020 - 2021)
China$16.2B (+ 26.4%)
Japan$9.78B (+ 22.9%)
South Korea$8.46B (+ 48.7%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Chinese Taipei Exports Services (2020)$47.5B
Chinese Taipei Imports Services (2020)$34.3B

In 2020, Chinese Taipei exported $47.5B worth of services. The top services exported by Chinese Taipei in 2020 were Merchanting and other trade-related services ($12.9B), Miscellaneous business, professional, and technical services ($11.8B), Sea transport ($6.47B), Computer and information services ($4.73B), and Air transport ($4.51B).

The top services imported by Chinese Taipei in 2020 were Miscellaneous business, professional, and technical services ($10.5B), Sea transport ($8.1B), Royalties and license fees ($4.14B), Computer and information services ($2.99B), and Personal travel ($2.52B).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)1.93Rank 3 of 131
Economic Complexity (Technology)0.66Rank 35 of 96
Economic Complexity (Research)0.14Rank 51 of 140

Most Specialized Products by RCA Index

Chinese Taipei has a high level of specialization in Copper Foil (14.3), Wrenches (11.4), Integrated Circuits (9.36), Blank Audio Media (7.97), and Styrene Polymers (7.22). Specialization is measured using RCA, an index that takes the ratio between Chinese Taipei observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Chinese Taipei according to the relatedness index, were Platinum Clad Metals (0.28), Inorganic Compounds (0.26), Non-Petroleum Gas (0.26), Halides (0.25), and Telephones (0.25). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Chinese Taipei is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Chinese Taipei. These are products that tend to be co-exported with the products that Chinese Taipei exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Chinese Taipei's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨21st to the 3rd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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