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2023
Flag → Flag
Exports $944MRnk 44 / 220
2023
Flag → Flag
Top Product $203MCars
2023
Flag → Flag
Exports $1.86BRnk 26 / 212
2023
Flag → Flag
Top Product $613MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Belgium-Chinese Taipei Trade: In 2023, Belgium exported $944M to Chinese Taipei. The main products that Belgium exported to Chinese Taipei were Cars ($203M), Packaged Medicaments ($121M), and Vaccines, blood, antisera, toxins and cultures ($120M). Over the past 5 years the exports of Belgium to Chinese Taipei have increased at an annualized rate of 9.69%, from $594M in 2018 to $944M in 2023.

In 2023, Belgium did not export any services to Chinese Taipei.

Chinese Taipei-Belgium Trade: In 2023, Chinese Taipei exported $1.86B to Belgium. The main products that Chinese Taipei exported to Belgium were Integrated Circuits ($613M), Hot-Rolled Iron ($118M), and Broadcasting Equipment ($93.6M). Over the past 5 years the exports of Chinese Taipei to Belgium have increased at an annualized rate of 15.1%,  from $919M in 2018 to $1.86B in 2023.

In 2023, Chinese Taipei did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €216M and imported €149M from Chinese Taipei, resulting in a positive trade balance of €67.2M. Between October 2023 and October 2024 the exports of Belgium have increased by €30.6M (16.5%) from €185M to €216M, while imports decreased by €-11.8M (-7.36%) from €161M to €149M.

Trade In October 2024, the top exports of Belgium to Chinese Taipei were Pharmaceutical products (€37.7M), Cars, tractors, trucks & parts thereof. (€10.2M), Machinery, mechanical appliances, & parts (€5.43M), Electrical machinery and electronics (€3.7M), and Optical, photo, & film equipment; medical... (€3.47M). In October 2024 the top imports of Belgium from Chinese Taipei were Electrical machinery and electronics (€81.9M), Iron & steel (€40.1M), Machinery, mechanical appliances, & parts (€10.1M), Organic chemicals (€9.28M), and Plastics & articles thereof (€7.24M).

Growth In October 2024, the increase in Belgium's year-by-year exports to Chinese Taipei was explained primarily by an increase in product exports in Pharmaceutical products (€17.5M or 86.8%), Cars, tractors, trucks & parts thereof. (€2.25M or 28.2%), and Preparations of vegetables, fruit, nuts or... (€857k or 210%). In October 2024, the decrease in Belgium's year-by-year imports  from Chinese Taipei was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-23.8M or -95.6%), Perfumery & cosmetics (€-1.67M or -84.8%), and Tools & cutlery (€-1.42M or -49.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€30.6M(16.5%)
IMPORT GROWTH (October 2023 - October 2024)€-11.8M(-7.36%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Chinese Taipei and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chinese Taipei and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $944M to Chinese Taipei. The main products exported from Belgium to Chinese Taipei were Cars ($203M), Packaged Medicaments ($121M), and Vaccines, blood, antisera, toxins and cultures ($120M). During the last 5 years the exports of Belgium to Chinese Taipei have increased at an annualized rate of 9.69%, from $594M in 2018 to $944M in 2023.

In 2018, Chinese Taipei exported $1.86B to Belgium. The main products exported from Chinese Taipei to Belgium were Integrated Circuits ($613M), Hot-Rolled Iron ($118M), and Broadcasting Equipment ($93.6M). During the last 5 years the exports of Chinese Taipei to Belgium have increased at an annualized rate of 15.1%, from $919M in 2023 to $1.86B in 2018.

Exports from Belgium (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Chinese Taipei
Top DestinationChina$101B

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

In 2023, countries that imported more from Belgium than Chinese Taipei included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Chinese Taipei than Belgium included China ($101B), Hong Kong ($66.1B), and United States ($85.6B).

Difference in imports from Chinese Taipei (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Chinese Taipei

Flow
Scale

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

During 2023, Belgium had a large net trade with Chinese Taipei in the exports of Chemical Products ($359M), Transportation ($215M), and Machines ($96.3M).

During 2018, Chinese Taipei had a large net trade with Belgium in the exports of Machines ($975M), Metals ($352M), and Mineral Products ($148M).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Chinese Taipei (Flag) (2023)

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