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2023
Flag → Flag
Exports $117MRnk 74 / 212
2023
Flag → Flag
Top Product $74MIntegrated Circuits
2023
Flag → Flag
Exports $12.6MRnk 79 / 198
2023
Flag → Flag
Top Product $1.77MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag
 GDP$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH44.9%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC$22,503CURRENT US$
Rnk 56 / 196
2013-2023
Flag
GDP PC GROWTH55.4%CURRENT US$
Rnk 37 / 195

About

Chinese Taipei-Latvia Trade: In 2023, Chinese Taipei exported $117M to Latvia. The main products that Chinese Taipei exported to Latvia were Integrated Circuits ($74M), Industrial Printers ($4.63M), and Blank Audio Media ($3.77M). Over the past 5 years the exports of Chinese Taipei to Latvia have increased at an annualized rate of 3.57%, from $98.4M in 2018 to $117M in 2023.

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

Latvia-Chinese Taipei Trade: In 2023, Latvia exported $12.6M to Chinese Taipei. The main products that Latvia exported to Chinese Taipei were Broadcasting Equipment ($1.77M), Sawn Wood ($1.37M), and Wood Crates ($906k). Over the past 5 years the exports of Latvia to Chinese Taipei have decreased at an annualized rate of 3.86%,  from $15.3M in 2018 to $12.6M in 2023.

In 2023, Latvia 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, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $117M to Latvia. The main products exported from Chinese Taipei to Latvia were Integrated Circuits ($74M), Industrial Printers ($4.63M), and Blank Audio Media ($3.77M). During the last 5 years the exports of Chinese Taipei to Latvia have increased at an annualized rate of 3.57%, from $98.4M in 2018 to $117M in 2023.

In 2018, Latvia exported $12.6M to Chinese Taipei. The main products exported from Latvia to Chinese Taipei were Broadcasting Equipment ($1.77M), Sawn Wood ($1.37M), and Wood Crates ($906k). During the last 5 years the exports of Latvia to Chinese Taipei have decreased at an annualized rate of 3.86%, from $15.3M in 2023 to $12.6M in 2018.

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

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

Market Competitiveness

Color
Chinese Taipei
Top DestinationChina$101B
Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Latvia than Chinese Taipei included Lithuania ($3.77B), Estonia ($1.26B), and Nigeria ($717M).

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

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 2023, Chinese Taipei had a large net trade with Latvia in the exports of Machines ($103M), Metals ($3.57M), and Plastics and Rubbers ($3.36M).

During 2018, Latvia had a large net trade with Chinese Taipei in the exports of Machines ($3.76M), Wood Products ($2.34M), and Chemical Products ($1.52M).

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) (2023)

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