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Pricing

2022
Flag → Flag
Exports $2.13BRnk 31 / 224
2022
Flag → Flag
Top Product $430MHard Liquor
2022
Flag → Flag
Exports $5.16BRnk 18 / 210
2022
Flag → Flag
Top Product $669MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.94Rnk 3 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

United Kingdom-Chinese Taipei Trade: In 2022, United Kingdom exported $2.13B to Chinese Taipei. The main products that United Kingdom exported to Chinese Taipei were Hard Liquor ($430M), Cars ($173M), and Packaged Medicaments ($111M). Over the past 5 years the exports of United Kingdom to Chinese Taipei have increased at an annualized rate of 4.73%, from $1.69B in 2017 to $2.13B in 2022.

In 2022, United Kingdom did not export any services to Chinese Taipei.

Chinese Taipei-United Kingdom Trade: In 2022, Chinese Taipei exported $5.16B to United Kingdom. The main products that Chinese Taipei exported to United Kingdom were Broadcasting Equipment ($669M), Office Machine Parts ($374M), and Integrated Circuits ($305M). Over the past 5 years the exports of Chinese Taipei to United Kingdom have increased at an annualized rate of 4.11%,  from $4.22B in 2017 to $5.16B in 2022.

In 2022, Chinese Taipei did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Latest Trends

June, 2024

About

Overview In June 2024, United Kingdom exported £138M and imported £217M from Chinese Taipei, resulting in a negative trade balance of £78.6M. Between June 2023 and June 2024 the exports of United Kingdom have decreased by £-49M (-26.2%) from £187M to £138M, while imports decreased by £-172M (-44.3%) from £389M to £217M.

Trade In June 2024, the top exports of United Kingdom to Chinese Taipei were Gas Turbines (£30.8M), Hard Liquor (£18.3M), Cars (£10.1M), Electrical Transformers (£7.26M), and Packaged Medicaments (£5.7M). In June 2024 the top imports of United Kingdom from Chinese Taipei were Computers (£22.1M), Telephones (£20.8M), Gas Turbines (£13.7M), Iron Fasteners (£13.3M), and Office Machine Parts (£12M).

Origins In June 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£62.9M), Southampton (£24.8M), Felixstowe (£20.8M), East Midlands Airport (£5.9M), and London Stansted Airport (£2.7M), while imports destinations were mainly Felixstowe (£62.3M), London Heathrow Airport (£46.9M), Southampton (£46.7M), and East Midlands Airport (£11.2M).

Growth In June 2024, the decrease in United Kingdom's year-by-year exports to Chinese Taipei was explained primarily by an decrease in product exports in Commodities not elsewhere specified (£-4.92M or -92.3%), Machines and apparatus of a kind... (£-1.4M or -57%), and Packaged Medicaments (£-1.2M or -17.4%). In June 2024, the decrease in United Kingdom's year-by-year imports  from Chinese Taipei was explained primarily by an decrease in product imports  in Coated Flat-Rolled Iron (£-20.9M or -91.1%), Sports Equipment (£-9.62M or -58.9%), and Computers (£-6.04M or -21.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)£-49M(-26.2%)
IMPORT GROWTH (June 2023 - June 2024)£-172M(-44.3%)
MAIN EXPORTER (June 2024)London Heathrow Airport£62.9M

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

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

For full datasets download visit Bulk Download page.

Explore Chinese Taipei and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $2.13B to Chinese Taipei. The main products exported from United Kingdom to Chinese Taipei were Hard Liquor ($430M), Cars ($173M), and Packaged Medicaments ($111M). During the last 5 years the exports of United Kingdom to Chinese Taipei have increased at an annualized rate of 4.73%, from $1.69B in 2017 to $2.13B in 2022.

In 2017, Chinese Taipei exported $5.16B to United Kingdom. The main products exported from Chinese Taipei to United Kingdom were Broadcasting Equipment ($669M), Office Machine Parts ($374M), and Integrated Circuits ($305M). During the last 5 years the exports of Chinese Taipei to United Kingdom have increased at an annualized rate of 4.11%, from $4.22B in 2022 to $5.16B in 2017.

Exports from United Kingdom (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from United Kingdom than Chinese Taipei included Netherlands ($41.9B), Ireland ($32.6B), and Germany ($40.6B).

In 2022, countries that imported more from Chinese Taipei than United Kingdom included China ($121B), Hong Kong ($65.8B), and Singapore ($38.6B).

Difference in imports from Chinese Taipei (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Chinese Taipei

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Chinese Taipei in the exports of Machines ($548M), Foodstuffs ($465M), and Chemical Products ($301M).

During 2017, Chinese Taipei had a large net trade with United Kingdom in the exports of Machines ($2.7B), Metals ($772M), and Transportation ($569M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Chinese Taipei+N/AN/A
Top Product Potential Chinese Taipei United Kingdom+N/AN/A

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Chinese Taipei. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and Chinese Taipei (Flag) (2022)

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