Chinese Taipei (TWN) and Russia (RUS) Trade | The Observatory of Economic Complexity

About

Chinese Taipei-Russia Trade: In 2022, Chinese Taipei exported $849M to Russia. The main products that Chinese Taipei exported to Russia were Metalworking Transfer Machines ($51.4M), Office Machine Parts ($45.8M), and Metal Lathes ($35.3M). Over the past 5 years the exports of Chinese Taipei to Russia have decreased at an annualized rate of 8.57%, from $1.33B in 2017 to $849M in 2022.

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

Russia-Chinese Taipei Trade: In 2022, Russia exported $4.87B to Chinese Taipei. The main products that Russia exported to Chinese Taipei were Coal Briquettes ($1.53B), Semi-Finished Iron ($989M), and Petroleum Gas ($816M). Over the past 5 years the exports of Russia to Chinese Taipei have increased at an annualized rate of 4.8%, from $3.85B in 2017 to $4.87B in 2022.

In 2022, Russia 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Chinese Taipei exported $849M to Russia. The main products exported from Chinese Taipei to Russia were Metalworking Transfer Machines ($51.4M), Office Machine Parts ($45.8M), and Metal Lathes ($35.3M). During the last 5 years the exports of Chinese Taipei to Russia have decreased at an annualized rate of 8.57%, from $1.33B in 2017 to $849M in 2022.

In 2017, Russia exported $4.87B to Chinese Taipei. The main products exported from Russia to Chinese Taipei were Coal Briquettes ($1.53B), Semi-Finished Iron ($989M), and Petroleum Gas ($816M). During the last 5 years the exports of Russia to Chinese Taipei have increased at an annualized rate of 4.8%, from $3.85B in 2022 to $4.87B in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chinese Taipei
Top DestinationChina$121B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Chinese Taipei than Russia included United States ($82.6B), Hong Kong ($65.8B), and Singapore ($38.6B).

In 2022, countries that imported more from Russia than Chinese Taipei included India ($40.4B), Turkey ($25.3B), and Italy ($25.1B).

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

Comparative Advantage Chinese Taipei - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Chinese Taipei had a large net trade with Russia in the exports of Machines ($457M), Metals ($173M), and Plastics and Rubbers ($68.3M).

During 2017, Russia had a large net trade with Chinese Taipei in the exports of Mineral Products ($2.88B), Metals ($1.77B), and Chemical Products ($151M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Chinese Taipei - Russia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring