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2022
Flag → Flag
Exports $144MRnk 70 / 210
2022
Flag → Flag
Top Product $59MIntegrated Circuits
2022
Flag → Flag
Exports $18.3MRnk 72 / 194
2022
Flag → Flag
Top Product $2.07MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.94Rnk 3 / 133
2022
Flag
 GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

Chinese Taipei-Latvia Trade: In 2022, Chinese Taipei exported $144M to Latvia. The main products that Chinese Taipei exported to Latvia were Integrated Circuits ($59M), Ethers ($25.2M), and Glass Fibers ($5.39M). Over the past 5 years the exports of Chinese Taipei to Latvia have increased at an annualized rate of 2.92%, from $125M in 2017 to $144M in 2022.

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

Latvia-Chinese Taipei Trade: In 2022, Latvia exported $18.3M to Chinese Taipei. The main products that Latvia exported to Chinese Taipei were Broadcasting Equipment ($2.07M), Sawn Wood ($1.95M), and Wood Crates ($1.68M). Over the past 5 years the exports of Latvia to Chinese Taipei have increased at an annualized rate of 12.2%,  from $10.3M in 2017 to $18.3M in 2022.

In 2022, Latvia 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, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chinese Taipei exported $144M to Latvia. The main products exported from Chinese Taipei to Latvia were Integrated Circuits ($59M), Ethers ($25.2M), and Glass Fibers ($5.39M). During the last 5 years the exports of Chinese Taipei to Latvia have increased at an annualized rate of 2.92%, from $125M in 2017 to $144M in 2022.

In 2017, Latvia exported $18.3M to Chinese Taipei. The main products exported from Latvia to Chinese Taipei were Broadcasting Equipment ($2.07M), Sawn Wood ($1.95M), and Wood Crates ($1.68M). During the last 5 years the exports of Latvia to Chinese Taipei have increased at an annualized rate of 12.2%, from $10.3M in 2022 to $18.3M in 2017.

Exports from Chinese Taipei (Flag) to Latvia (Flag) (2022)

Exports from Latvia (Flag) to Chinese Taipei (Flag) (2022)

Market Competitiveness

Color
Chinese Taipei
Top DestinationChina$121B
Latvia
Top DestinationLithuania$4.09B

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

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

In 2022, countries that imported more from Latvia than Chinese Taipei included Lithuania ($4.09B), Estonia ($2.26B), and Russia ($1.26B).

Difference in imports from Latvia (Flag) and Chinese Taipei (Flag) (2022)

Comparative Advantage Chinese Taipei - Latvia

Flow
Scale

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

During 2022, Chinese Taipei had a large net trade with Latvia in the exports of Machines ($88.1M), Chemical Products ($27.1M), and Stone And Glass ($7.36M).

During 2017, Latvia had a large net trade with Chinese Taipei in the exports of Wood Products ($3.91M), Machines ($3.78M), and Chemical Products ($2.88M).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Latvia (Flag) (2022)

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