Chinese Taipei (TWN) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Chinese Taipei-Iceland Trade: In 2022, Chinese Taipei exported $27.1M to Iceland. The main products that Chinese Taipei exported to Iceland were Broadcasting Equipment ($2.97M), Office Machine Parts ($2.91M), and Iron Fasteners ($2.22M). Over the past 5 years the exports of Chinese Taipei to Iceland have increased at an annualized rate of 5.29%, from $20.9M in 2017 to $27.1M in 2022.

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

Iceland-Chinese Taipei Trade: In 2022, Iceland exported $27.1M to Chinese Taipei. The main products that Iceland exported to Chinese Taipei were Non-fillet Frozen Fish ($20.5M), Ferroalloys ($3.38M), and Processed Fish ($888k). Over the past 5 years the exports of Iceland to Chinese Taipei have increased at an annualized rate of 12.2%, from $15.2M in 2017 to $27.1M in 2022.

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

Comparison In 2022, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Chinese Taipei exported $27.1M to Iceland. The main products exported from Chinese Taipei to Iceland were Broadcasting Equipment ($2.97M), Office Machine Parts ($2.91M), and Iron Fasteners ($2.22M). During the last 5 years the exports of Chinese Taipei to Iceland have increased at an annualized rate of 5.29%, from $20.9M in 2017 to $27.1M in 2022.

In 2017, Iceland exported $27.1M to Chinese Taipei. The main products exported from Iceland to Chinese Taipei were Non-fillet Frozen Fish ($20.5M), Ferroalloys ($3.38M), and Processed Fish ($888k). During the last 5 years the exports of Iceland to Chinese Taipei have increased at an annualized rate of 12.2%, from $15.2M in 2022 to $27.1M in 2017.

Exports from Chinese Taipei () to Iceland () (2022)

Exports from Iceland () to Chinese Taipei () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chinese Taipei
Top DestinationChina$121B

Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Chinese Taipei included Greenland ($28.2M), Bahamas ($20.1M), and Antigua and Barbuda ($8.12M).

Difference in imports from Iceland () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Chinese Taipei had a large net trade with Iceland in the exports of Machines ($11.4M), Metals ($4.84M), and Transportation ($2.54M).

During 2017, Iceland had a large net trade with Chinese Taipei in the exports of Animal Products ($20.5M), Metals ($3.39M), and Foodstuffs ($1.33M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Chinese Taipei () to Iceland () (2022)

Exports from Iceland () to Chinese Taipei () (2022)

Market Competitiveness

Difference in imports from Iceland () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Chinese Taipei () and Iceland () (2022)

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