2023
Flag  
GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195

About

Russia-Chinese Taipei Trade: In 2023, Russia exported $4.28B to Chinese Taipei. The main products that Russia exported to Chinese Taipei were Coal Briquettes ($1.14B), Refined Petroleum ($1.06B), and Semi-Finished Iron ($951M). Over the past 5 years the exports of Russia to Chinese Taipei have decreased at an annualized rate of 2.87%, from $4.96B in 2018 to $4.28B in 2023.

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

Chinese Taipei-Russia Trade: In 2023, Chinese Taipei exported $780M to Russia. The main products that Chinese Taipei exported to Russia were Electrical Power Accessories ($38.9M), Motor vehicles; parts and accessories (8701 to 8705) ($37.1M), and Office Machine Parts ($36.6M). Over the past 5 years the exports of Chinese Taipei to Russia have decreased at an annualized rate of 17.1%,  from $1.99B in 2018 to $780M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $4.28B to Chinese Taipei. The main products exported from Russia to Chinese Taipei were Coal Briquettes ($1.14B), Refined Petroleum ($1.06B), and Semi-Finished Iron ($951M). During the last 5 years the exports of Russia to Chinese Taipei have decreased at an annualized rate of 5,27%, from $18.7M in 2018 to $4.28B in 2023.

In 2018, Chinese Taipei exported $780M to Russia. The main products exported from Chinese Taipei to Russia were Electrical Power Accessories ($38.9M), Motor vehicles; parts and accessories (8701 to 8705) ($37.1M), and Office Machine Parts ($36.6M). During the last 5 years the exports of Chinese Taipei to Russia have decreased at an annualized rate of 6,25%, from $10.2M in 2023 to $780M in 2018.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$129B
Chinese Taipei
Top Destination
China$101B

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

In 2023, countries that imported more from Russia than Chinese Taipei included India ($66.1B), Turkey ($31B), and China ($129B).

In 2023, countries that imported more from Chinese Taipei than Russia included United States ($85.6B), Hong Kong ($66.1B), and Singapore ($47B).

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

Comparative Advantage Russia - Chinese Taipei

Flow
Scale

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

During 2023, Russia had a large net trade with Chinese Taipei in the exports of Mineral Products ($2.5B), Metals ($1.6B), and Chemical Products ($139M).

During 2018, Chinese Taipei had a large net trade with Russia in the exports of Machines ($406M), Metals ($168M), and Plastics and Rubbers ($68.9M).

Economic Complexity

Competitive Landscape

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

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

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