2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Chinese Taipei-South Korea Trade: In 2023, Chinese Taipei exported $18B to South Korea. The main products that Chinese Taipei exported to South Korea were Integrated Circuits ($11.4B), Printed Circuit Boards ($455M), and Machinery Having Individual Functions ($413M). Over the past 5 years the exports of Chinese Taipei to South Korea have increased at an annualized rate of 1.23%, from $17B in 2018 to $18B in 2023.

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

South Korea-Chinese Taipei Trade: In 2023, South Korea exported $28.2B to Chinese Taipei. The main products that South Korea exported to Chinese Taipei were Integrated Circuits ($16.9B), Cyclic Hydrocarbons ($1.13B), and Refined Petroleum ($922M). Over the past 5 years the exports of South Korea to Chinese Taipei have increased at an annualized rate of 7.44%,  from $19.7B in 2018 to $28.2B in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $18B to South Korea. The main products exported from Chinese Taipei to South Korea were Integrated Circuits ($11.4B), Printed Circuit Boards ($455M), and Machinery Having Individual Functions ($413M). During the last 5 years the exports of Chinese Taipei to South Korea have increased at an annualized rate of 1.23%, from $17B in 2018 to $18B in 2023.

In 2018, South Korea exported $28.2B to Chinese Taipei. The main products exported from South Korea to Chinese Taipei were Integrated Circuits ($16.9B), Cyclic Hydrocarbons ($1.13B), and Refined Petroleum ($922M). During the last 5 years the exports of South Korea to Chinese Taipei have increased at an annualized rate of 7.44%, from $19.7B in 2023 to $28.2B in 2018.

Exports from Chinese Taipei (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Chinese Taipei than South Korea included Hong Kong ($66.1B), Singapore ($47B), and Vietnam ($11.6B).

In 2023, countries that imported more from South Korea than Chinese Taipei included China ($162B), United States ($118B), and Australia ($18.1B).

Difference in imports from South Korea (Flag) and Chinese Taipei (Flag) (2023)

Comparative Advantage Chinese Taipei - South Korea

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with South Korea in the exports of Machines ($14.1B), Chemical Products ($962M), and Metals ($911M).

During 2018, South Korea had a large net trade with Chinese Taipei in the exports of Machines ($20.6B), Chemical Products ($2.61B), and Metals ($1.42B).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and South Korea (Flag) (2023)

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