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2023
Flag → Flag
Exports $28.2BRnk 5 / 142
2023
Flag → Flag
Top Product $16.9BIntegrated Circuits
2023
Flag → Flag
Exports $18BRnk 6 / 212
2023
Flag → Flag
Top Product $11.4BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

South Korea-Chinese Taipei Trade: In 2023, South Korea exported $28.2B to Chinese Taipei. The main products that South Korea exported to Chinese Taipei were Integrated Circuits ($16.9B), Cyclic Hydrocarbons ($1.13B), and Refined Petroleum ($922M). Over the past 5 years the exports of South Korea to Chinese Taipei have increased at an annualized rate of 7.44%, from $19.7B in 2018 to $28.2B in 2023.

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

Chinese Taipei-South Korea Trade: In 2023, Chinese Taipei exported $18B to South Korea. The main products that Chinese Taipei exported to South Korea were Integrated Circuits ($11.4B), Printed Circuit Boards ($455M), and Machinery Having Individual Functions ($413M). Over the past 5 years the exports of Chinese Taipei to South Korea have increased at an annualized rate of 1.23%,  from $17B in 2018 to $18B in 2023.

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

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $4.33B and imported $2.91B from Chinese Taipei, resulting in a positive trade balance of $1.42B. Between December 2023 and December 2024 the exports of South Korea have increased by $2.16B (99.5%) from $2.17B to $4.33B, while imports increased by $975M (50.4%) from $1.94B to $2.91B.

Trade In December 2024, the top exports of South Korea to Chinese Taipei were Electrical machinery and electronics ($916M), Organic chemicals ($158M), Machinery, mechanical appliances, & parts ($151M), Mineral fuels, mineral oils and products... ($106M), and Cars, tractors, trucks & parts thereof. ($59.2M). In December 2024 the top imports of South Korea from Chinese Taipei were Electrical machinery and electronics ($1.72B), Machinery, mechanical appliances, & parts ($105M), Optical, photo, & film equipment; medical... ($96.6M), Organic chemicals ($81.8M), and Iron & steel ($36.3M).

Growth In December 2024, the increase in South Korea's year-by-year exports to Chinese Taipei was explained primarily by an increase in product exports in Electrical machinery and electronics ($326M or 55.4%), Mineral fuels, mineral oils and products... ($62.6M or 144%), and Organic chemicals ($57.6M or 57.6%). In December 2024, the increase in South Korea's year-by-year imports  from Chinese Taipei was explained primarily by an increase in product imports  in Electrical machinery and electronics ($397M or 30%), Organic chemicals ($40.1M or 96.3%), and Machinery, mechanical appliances, & parts ($20.3M or 24.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$2.16B(99.5%)
IMPORT GROWTH (December 2023 - December 2024)$975M(50.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Chinese Taipei and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $28.2B to Chinese Taipei. The main products exported from South Korea to Chinese Taipei were Integrated Circuits ($16.9B), Cyclic Hydrocarbons ($1.13B), and Refined Petroleum ($922M). During the last 5 years the exports of South Korea to Chinese Taipei have increased at an annualized rate of 7.44%, from $19.7B in 2018 to $28.2B in 2023.

In 2018, Chinese Taipei exported $18B to South Korea. The main products exported from Chinese Taipei to South Korea were Integrated Circuits ($11.4B), Printed Circuit Boards ($455M), and Machinery Having Individual Functions ($413M). During the last 5 years the exports of Chinese Taipei to South Korea have increased at an annualized rate of 1.23%, from $17B in 2023 to $18B in 2018.

Exports from South Korea (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Chinese Taipei
Top DestinationChina$101B

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

In 2023, countries that imported more from South Korea than Chinese Taipei included China ($162B), United States ($118B), and Australia ($18.1B).

In 2023, countries that imported more from Chinese Taipei than South Korea included Hong Kong ($66.1B), Singapore ($47B), and Vietnam ($11.6B).

Difference in imports from Chinese Taipei (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Chinese Taipei

Flow
Scale

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

During 2023, South Korea had a large net trade with Chinese Taipei in the exports of Machines ($20.6B), Chemical Products ($2.61B), and Metals ($1.42B).

During 2018, Chinese Taipei had a large net trade with South Korea in the exports of Machines ($14.1B), Chemical Products ($962M), and Metals ($911M).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Chinese Taipei (Flag) (2023)

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