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Pricing

2022
Flag → Flag
Exports $28.4BRnk 6 / 220
2022
Flag → Flag
Top Product $13.5BIntegrated Circuits
2022
Flag → Flag
Exports $24.9BRnk 6 / 210
2022
Flag → Flag
Top Product $16.5BIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Chinese Taipei In 2022, South Korea exported $28.4B to Chinese Taipei. The main products that South Korea exported to Chinese Taipei are Integrated Circuits ($13.5B), Cyclic Hydrocarbons ($1.14B), and Printed Circuit Boards ($960M). During the last 27 years the exports of South Korea to Chinese Taipei have increased at an annualized rate of 7.65%, from $3.88B in 1995 to $28.4B in 2022.

In 2005, South Korea exported services to Chinese Taipei worth $1.38B, with Transportation ($681M), Travel ($562M), and Other business services ($102M) being the largest in terms of value.

Chinese Taipei-South Korea In 2022, Chinese Taipei exported $24.9B to South Korea. The main products that Chinese Taipei exported to South Korea were Integrated Circuits ($16.5B), Printed Circuit Boards ($881M), and Machinery Having Individual Functions ($523M). During the last 27 years the exports of Chinese Taipei to South Korea have increased at an annualized rate of 8.79%, from $2.56B in 1995 to $24.9B in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71),  and 5 in total exports ($705B). That same year, Chinese Taipei ranked 11 in total exports ($542B), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $1.53B and imported $2.19B from Chinese Taipei, resulting in a negative trade balance of $664M. Between February 2023 and February 2024 the exports of South Korea have increased by $109M (7.69%) from $1.42B to $1.53B, while imports increased by $294M (15.5%) from $1.9B to $2.19B.

Trade In February 2024, the top exports of South Korea to Chinese Taipei were Electrical machinery and electronics ($590M), Machinery, mechanical appliances, & parts ($115M), Organic chemicals ($100M), Mineral fuels, mineral oils and products... ($43.6M), and Iron & steel ($43.3M). In February 2024 the top imports of South Korea from Chinese Taipei were Electrical machinery and electronics ($1.32B), Machinery, mechanical appliances, & parts ($84.4M), Optical, photo, & film equipment; medical... ($77.8M), Iron & steel ($48.2M), and Organic chemicals ($41.7M).

Growth In February 2024, the increase in South Korea's year-by-year exports to Chinese Taipei was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($7.4M or 31.3%), Iron & steel ($6.68M or 18.2%), and Furniture, bedding, lamps, & prefab buildings ($3.31M or 254%). In February 2024, the increase in South Korea's year-by-year imports  from Chinese Taipei was explained primarily by an increase in product imports  in Optical, photo, & film equipment; medical... ($3.83M or 5.18%), Animal or vegetable fats, oils, &... ($2.69M or 266%), and Ceramic products ($1.78M or 165%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$109M(7.69%)
IMPORT GROWTH (February 2023 - February 2024)$294M(15.5%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Chinese Taipei and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $28.4B to Chinese Taipei. The main products exported from South Korea to Chinese Taipei were Integrated Circuits ($13.5B), Cyclic Hydrocarbons ($1.14B), and Printed Circuit Boards ($960M). During the last 27 years the exports of South Korea to Chinese Taipei have increased at an annualized rate of 7.65%, from $3.88B in 1995 to $28.4B in 2022.

In 2022, Chinese Taipei exported $24.9B to South Korea. The main products exported from Chinese Taipei to South Korea were Integrated Circuits ($16.5B), Printed Circuit Boards ($881M), and Machinery Having Individual Functions ($523M). During the last 27 years the exports of Chinese Taipei to South Korea have increased at an annualized rate of 8.79%, from $2.56B in 1995 to $24.9B in 2022.

Exports from South Korea (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Chinese Taipei
Top DestinationChina$121B

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

In 2021, countries that imported more from South Korea than Chinese Taipei were Vietnam ($60.7B), United States ($112B), and China ($150B).

In 2021, countries that imported more from Chinese Taipei than South Korea were Hong Kong ($65.8B), Singapore ($38.6B), and Malaysia ($17.7B).

Difference in imports from Chinese Taipei (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Chinese Taipei

Flow
Scale

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

During 2022, South Korea had a large net trade with Chinese Taipei in the exports of Machines ($18B), Chemical Products ($3.28B), and Metals ($1.8B).

During 2022, Chinese Taipei had a large net trade with South Korea in the exports of Machines ($20B), Metals ($1.25B), and Chemical Products ($1.21B).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Chinese Taipei worth $1.38B, with Transportation ($681M), Travel ($562M), and Other business services ($102M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Chinese Taipei (Flag) (2005)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Chinese Taipei. Similarly, the more yellow a dot/product is, the more Chinese Taipei has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Chinese Taipei (Flag) (2022)

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