Chinese Taipei (TWN) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Chinese Taipei-Italy Trade: In 2022, Chinese Taipei exported $3.57B to Italy. The main products that Chinese Taipei exported to Italy were Large Flat-Rolled Stainless Steel ($436M), Bi-Wheel Vehicle Parts ($267M), and Hot-Rolled Iron ($190M). Over the past 5 years the exports of Chinese Taipei to Italy have increased at an annualized rate of 9.95%, from $2.22B in 2017 to $3.57B in 2022.

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

Italy-Chinese Taipei Trade: In 2022, Italy exported $2.75B to Chinese Taipei. The main products that Italy exported to Chinese Taipei were Packaged Medicaments ($649M), Oscilloscopes ($220M), and Trunks and Cases ($161M). Over the past 5 years the exports of Italy to Chinese Taipei have increased at an annualized rate of 9.66%, from $1.74B in 2017 to $2.75B in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Chinese Taipei exported $3.57B to Italy. The main products exported from Chinese Taipei to Italy were Large Flat-Rolled Stainless Steel ($436M), Bi-Wheel Vehicle Parts ($267M), and Hot-Rolled Iron ($190M). During the last 5 years the exports of Chinese Taipei to Italy have increased at an annualized rate of 9.95%, from $2.22B in 2017 to $3.57B in 2022.

In 2017, Italy exported $2.75B to Chinese Taipei. The main products exported from Italy to Chinese Taipei were Packaged Medicaments ($649M), Oscilloscopes ($220M), and Trunks and Cases ($161M). During the last 5 years the exports of Italy to Chinese Taipei have increased at an annualized rate of 9.66%, from $1.74B in 2022 to $2.75B in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chinese Taipei
Top DestinationChina$121B

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Chinese Taipei than Italy included China ($121B), Hong Kong ($65.8B), and Singapore ($38.6B).

In 2022, countries that imported more from Italy than Chinese Taipei included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

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

Comparative Advantage Chinese Taipei - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Chinese Taipei had a large net trade with Italy in the exports of Metals ($1.17B), Machines ($1.08B), and Transportation ($564M).

During 2017, Italy had a large net trade with Chinese Taipei in the exports of Chemical Products ($853M), Machines ($497M), and Instruments ($281M).

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 Italy. This means that a dot/product with the flag of Chinese Taipei indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Chinese Taipei.

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Chinese Taipei - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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