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2023
Flag → Flag
Exports $98MRnk 77 / 212
2023
Flag → Flag
Top Product $8.91MMedical Instruments
2023
Flag → Flag
Exports $35.5MRnk 73 / 196
2023
Flag → Flag
Top Product $3.44MLCDs
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
Flag
 GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
Flag
GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
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GDP PC$27,786CURRENT US$
Rnk 49 / 196
2013-2023
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GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195

About

Chinese Taipei-Lithuania Trade: In 2023, Chinese Taipei exported $98M to Lithuania. The main products that Chinese Taipei exported to Lithuania were Medical Instruments ($8.91M), Integrated Circuits ($7.91M), and Bi-Wheel Vehicle Parts ($6.72M). Over the past 5 years the exports of Chinese Taipei to Lithuania have increased at an annualized rate of 3.35%, from $83.1M in 2018 to $98M in 2023.

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

Lithuania-Chinese Taipei Trade: In 2023, Lithuania exported $35.5M to Chinese Taipei. The main products that Lithuania exported to Chinese Taipei were LCDs ($3.44M), Refined Copper ($2.61M), and Wadding ($2.07M). Over the past 5 years the exports of Lithuania to Chinese Taipei have decreased at an annualized rate of 3.65%,  from $42.8M in 2018 to $35.5M in 2023.

In 2023, Lithuania 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, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $98M to Lithuania. The main products exported from Chinese Taipei to Lithuania were Medical Instruments ($8.91M), Integrated Circuits ($7.91M), and Bi-Wheel Vehicle Parts ($6.72M). During the last 5 years the exports of Chinese Taipei to Lithuania have increased at an annualized rate of 3.35%, from $83.1M in 2018 to $98M in 2023.

In 2018, Lithuania exported $35.5M to Chinese Taipei. The main products exported from Lithuania to Chinese Taipei were LCDs ($3.44M), Refined Copper ($2.61M), and Wadding ($2.07M). During the last 5 years the exports of Lithuania to Chinese Taipei have decreased at an annualized rate of 3.65%, from $42.8M in 2023 to $35.5M in 2018.

Exports from Chinese Taipei (Flag) to Lithuania (Flag) (2023)

Exports from Lithuania (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top DestinationChina$101B
Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Chinese Taipei than Lithuania included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

In 2023, countries that imported more from Lithuania than Chinese Taipei included Latvia ($4.44B), Belarus ($1.84B), and Russia ($2.32B).

Difference in imports from Lithuania (Flag) and Chinese Taipei (Flag) (2023)

Comparative Advantage Chinese Taipei - Lithuania

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Lithuania in the exports of Machines ($34.9M), Metals ($13.8M), and Plastics and Rubbers ($13.4M).

During 2018, Lithuania had a large net trade with Chinese Taipei in the exports of Instruments ($6.32M), Metals ($4M), and Chemical Products ($3.89M).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Lithuania (Flag) (2023)

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