2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Russia-Chinese Taipei Trade: In 2022, Russia exported $4.87B to Chinese Taipei. The main products that Russia exported to Chinese Taipei were Coal Briquettes ($1.53B), Semi-Finished Iron ($989M), and Petroleum Gas ($816M). Over the past 5 years the exports of Russia to Chinese Taipei have increased at an annualized rate of 4.8%, from $3.85B in 2017 to $4.87B in 2022.

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

Chinese Taipei-Russia Trade: In 2022, Chinese Taipei exported $849M to Russia. The main products that Chinese Taipei exported to Russia were Metalworking Transfer Machines ($51.4M), Office Machine Parts ($45.8M), and Metal Lathes ($35.3M). Over the past 5 years the exports of Chinese Taipei to Russia have decreased at an annualized rate of 8.57%,  from $1.33B in 2017 to $849M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). 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, Russia exported $4.87B to Chinese Taipei. The main products exported from Russia to Chinese Taipei were Coal Briquettes ($1.53B), Semi-Finished Iron ($989M), and Petroleum Gas ($816M). During the last 5 years the exports of Russia to Chinese Taipei have increased at an annualized rate of 4.8%, from $3.85B in 2017 to $4.87B in 2022.

In 2017, Chinese Taipei exported $849M to Russia. The main products exported from Chinese Taipei to Russia were Metalworking Transfer Machines ($51.4M), Office Machine Parts ($45.8M), and Metal Lathes ($35.3M). During the last 5 years the exports of Chinese Taipei to Russia have decreased at an annualized rate of 8.57%, from $1.33B in 2022 to $849M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Chinese Taipei
Top Destination
China$121B

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 2022, countries that imported more from Russia than Chinese Taipei included India ($40.4B), Turkey ($25.3B), and Italy ($25.1B).

In 2022, countries that imported more from Chinese Taipei than Russia included United States ($82.6B), Hong Kong ($65.8B), and Singapore ($38.6B).

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

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 2022, Russia had a large net trade with Chinese Taipei in the exports of Mineral Products ($2.88B), Metals ($1.77B), and Chemical Products ($151M).

During 2017, Chinese Taipei had a large net trade with Russia in the exports of Machines ($457M), Metals ($173M), and Plastics and Rubbers ($68.3M).

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) (2022)

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