2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Norway-Chinese Taipei Trade: In 2022, Norway exported $439M to Chinese Taipei. The main products that Norway exported to Chinese Taipei were Non-fillet Fresh Fish ($124M), Ferroalloys ($68M), and Refined Petroleum ($59.9M). Over the past 5 years the exports of Norway to Chinese Taipei have increased at an annualized rate of 12.4%, from $245M in 2017 to $439M in 2022.

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

Chinese Taipei-Norway Trade: In 2022, Chinese Taipei exported $529M to Norway. The main products that Chinese Taipei exported to Norway were Broadcasting Equipment ($62.6M), Integrated Circuits ($42.3M), and Large Flat-Rolled Stainless Steel ($35.5M). Over the past 5 years the exports of Chinese Taipei to Norway have increased at an annualized rate of 7.6%,  from $367M in 2017 to $529M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $439M to Chinese Taipei. The main products exported from Norway to Chinese Taipei were Non-fillet Fresh Fish ($124M), Ferroalloys ($68M), and Refined Petroleum ($59.9M). During the last 5 years the exports of Norway to Chinese Taipei have increased at an annualized rate of 12.4%, from $245M in 2017 to $439M in 2022.

In 2017, Chinese Taipei exported $529M to Norway. The main products exported from Chinese Taipei to Norway were Broadcasting Equipment ($62.6M), Integrated Circuits ($42.3M), and Large Flat-Rolled Stainless Steel ($35.5M). During the last 5 years the exports of Chinese Taipei to Norway have increased at an annualized rate of 7.6%, from $367M in 2022 to $529M in 2017.

Exports from Norway (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Chinese Taipei
Top Destination
China$121B

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

In 2022, countries that imported more from Norway than Chinese Taipei included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Chinese Taipei than Norway included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Chinese Taipei

Flow
Scale

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

During 2022, Norway had a large net trade with Chinese Taipei in the exports of Animal Products ($171M), Metals ($100M), and Mineral Products ($61.7M).

During 2017, Chinese Taipei had a large net trade with Norway in the exports of Machines ($257M), Metals ($109M), and Transportation ($54.4M).

Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and Chinese Taipei (Flag) (2022)

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