In 2019, Chinese Taipei exported a total of $351B, making it the number 14 exporter in the world. During the last five reported years the exports of Chinese Taipei have changed by $23.2B from $327B in 2014 to $351B in 2019.
In 2019 Chinese Taipei imported $264B, making it the number 19 trade destination in the world. During the last five reported years the imports of Chinese Taipei changed by -$26.9B from $291B in 2014 to $264B in 2019.
In 2017, Chinese Taipei exported $54.3B worth of services. The top services exported by Chinese Taipei in 2017 were Merchanting and other trade-related services ($14.6B), Personal travel ($11.4B), Miscellaneous business, professional, and technical services ($8.98B), Sea transport ($5.55B), and Air transport ($4.34B).
The top services imported by Chinese Taipei in 2017 were Personal travel ($15.5B), Miscellaneous business, professional, and technical services ($9.63B), Sea transport ($7.73B), Royalties and license fees ($3.76B), and Air transport ($3.56B).
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.
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.
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.
During the last 20 years Chinese Taipei's economy has become relatively more complex, moving from the 22nd to the 2nd 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.