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Overview In 2022 Chinese Taipei was the number 11 economy in the world in terms of total exports and the number 17 in total imports.

Exports The top exports of Chinese Taipei are Integrated Circuits ($223B), Office Machine Parts ($26.4B), Computers ($16B), Refined Petroleum ($14.9B), and Broadcasting Equipment ($13.2B), exporting mostly to China ($121B), United States ($82.6B), Hong Kong ($65.8B), Singapore ($38.6B), and Japan ($34.9B).

In 2022, Chinese Taipei was the world's biggest exporter of Integrated Circuits ($223B), LCDs ($4.53B), Copper Foil ($2.3B), Hot-Rolled Stainless Steel Bars ($449M), and Other Copper Products ($214M)

Imports The top imports of Chinese Taipei are Integrated Circuits ($80.9B), Crude Petroleum ($37B), Machinery Having Individual Functions ($21B), Petroleum Gas ($19.6B), and Coal Briquettes ($15.7B), importing mostly from China ($79.9B), Japan ($50.1B), United States ($41B), South Korea ($28.4B), and Australia ($24.1B).

In 2022, Chinese Taipei was the world's biggest importer of Photo Lab Equipment ($14.6B), Disc Chemicals for Electronics ($3.54B), Laboratory Reagents ($427M), Halides ($235M), and Other Copper Products ($231M)

Location Chinese Taipei borders China, Japan, and Philippines by sea.

Latest Trends

Latest Trade

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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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

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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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Integrated Circuits$223B
Top Destination (2022)China$121B

In 2022, Chinese Taipei exported a total of $542B, making it the number 11 exporter in the world. During the last five reported years the exports of Chinese Taipei have changed by $185B from $356B in 2017 to $542B in 2022.

The most recent exports are led by Integrated Circuits ($223B), Office Machine Parts ($26.4B), Computers ($16B), Refined Petroleum ($14.9B), and Broadcasting Equipment ($13.2B). The most common destination for the exports of Chinese Taipei are China ($121B), United States ($82.6B), Hong Kong ($65.8B), Singapore ($38.6B), and Japan ($34.9B).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
United States$11.3B (+ 15.8%)
Japan$4.64B (+ 15.3%)
Singapore$4.17B (+ 12.1%)
Fastest Growing Import Markets (2021 - 2022)
Australia$10B (+ 71%)
United States$5.79B (+ 16.4%)
Netherlands$4.93B (+ 44.5%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Economic Complexity

Overview

Economic Complexity (Trade)1.94Rank 3 of 133
Economic Complexity (Technology)0.66Rank 35 of 96
Economic Complexity (Research)-0.26Rank 69 of 135

Most Specialized Products by RCA Index

Chinese Taipei has a high level of specialization in Copper Foil (12.4), Wrenches (11.1), Integrated Circuits (10.2), Laboratory Reagents (9.17), and Other Copper Products (8.62). 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 (0.31), Oxometallic or Peroxometallic Acid Salts (0.28), Gold Clad Metals (0.26), Incomplete Movement Sets (0.26), and Radio Receivers (0.24). 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.

Relatedness Space (2022)

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.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale
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During the last 20 years Chinese Taipei's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨18th 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.

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ECI (Trade) Ranking by Country

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