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2023
Flag → Flag
Exports $5.61BRnk 15 / 212
2023
Flag → Flag
Top Product $1.04BBroadcasting Equipment
2023
Flag → Flag
Exports $2.47BRnk 29 / 223
2023
Flag → Flag
Top Product $653MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Chinese Taipei-United Kingdom Trade: In 2023, Chinese Taipei exported $5.61B to United Kingdom. The main products that Chinese Taipei exported to United Kingdom were Broadcasting Equipment ($1.04B), Integrated Circuits ($624M), and Office Machine Parts ($438M). Over the past 5 years the exports of Chinese Taipei to United Kingdom have increased at an annualized rate of 3.44%, from $4.73B in 2018 to $5.61B in 2023.

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

United Kingdom-Chinese Taipei Trade: In 2023, United Kingdom exported $2.47B to Chinese Taipei. The main products that United Kingdom exported to Chinese Taipei were Hard Liquor ($653M), Gas Turbines ($380M), and Cars ($206M). Over the past 5 years the exports of United Kingdom to Chinese Taipei have increased at an annualized rate of 4.74%,  from $1.96B in 2018 to $2.47B in 2023.

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

Comparison: In 2023,  Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $5.61B to United Kingdom. The main products exported from Chinese Taipei to United Kingdom were Broadcasting Equipment ($1.04B), Integrated Circuits ($624M), and Office Machine Parts ($438M). During the last 5 years the exports of Chinese Taipei to United Kingdom have increased at an annualized rate of 3.44%, from $4.73B in 2018 to $5.61B in 2023.

In 2018, United Kingdom exported $2.47B to Chinese Taipei. The main products exported from United Kingdom to Chinese Taipei were Hard Liquor ($653M), Gas Turbines ($380M), and Cars ($206M). During the last 5 years the exports of United Kingdom to Chinese Taipei have increased at an annualized rate of 4.74%, from $1.96B in 2023 to $2.47B in 2018.

Exports from Chinese Taipei (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top DestinationChina$101B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Chinese Taipei than United Kingdom included China ($101B), Hong Kong ($66.1B), and Singapore ($47B).

In 2023, countries that imported more from United Kingdom than Chinese Taipei included Ireland ($29.1B), France ($25.8B), and Netherlands ($29.8B).

Difference in imports from United Kingdom (Flag) and Chinese Taipei (Flag) (2023)

Comparative Advantage Chinese Taipei - United Kingdom

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with United Kingdom in the exports of Machines ($3.38B), Metals ($733M), and Transportation ($488M).

During 2018, United Kingdom had a large net trade with Chinese Taipei in the exports of Machines ($701M), Foodstuffs ($688M), and Transportation ($291M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Chinese Taipei and United Kingdom. This means that a dot/product with the flag of Chinese Taipei indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Chinese Taipei.

Product Space of Chinese Taipei (Flag) and United Kingdom (Flag) (2023)

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