Chinese Taipei (XXB) Exports, Imports, and Trade Partners | The Observatory of Economic Complexity

About

Overview In 2022 Chinese Taipei was the number 11 economy in the world in terms of total exports and the number N/A in total imports.

Exports The top exports of Chinese Taipei are Integrated Circuits ($223B), Office Machine Parts ($26.4B), Computers ($16B), Refined Petroleum ($14.9B), and Broadcasting Equipment ($13.2B), exporting mostly to N/A.

In 2022, Chinese Taipei was the world's biggest exporter of Integrated Circuits ($223B), LCDs ($4.53B), Copper Foil ($2.3B), Hot-Rolled Stainless Steel Bars ($449M), and Other Copper Products ($214M)

Imports The top imports of Chinese Taipei are N/A, importing mostly from N/A.

In 2022, Chinese Taipei was the world's biggest importer of Photo Lab Equipment ($14.6B), Disc Chemicals for Electronics ($3.54B), Laboratory Reagents ($427M), Halides ($235M), and Other Copper Products ($231M)

Latest Trends

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The following section uses the most recent trade data from partners of Chinese Taipei.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

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The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

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Fastest Growing Export Markets (2021 - 2022)

United States$11.3B (+ 15.8%)

Japan$4.64B (+ 15.3%)

Singapore$4.17B (+ 12.1%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Import Year

Chinese Taipei Exports Services (2020)$47.5B

Chinese Taipei Imports Services (2020)$34.3B

In 2020, Chinese Taipei exported $47.5B worth of services. The top services exported by Chinese Taipei in 2020 were Merchanting and other trade-related services ($12.9B), Miscellaneous business, professional, and technical services ($11.8B), Sea transport ($6.47B), Computer and information services ($4.73B), and Air transport ($4.51B).

The top services imported by Chinese Taipei in 2020 were N/A.

Service Exports (N/A)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Technology)0.66Rank 35 of 96

Most Specialized Products by RCA Index

Chinese Taipei has a high level of specialization in Copper Foil (12.4), Wrenches (11.1), Integrated Circuits (10.2), Laboratory Reagents (9.17), and Other Copper Products (8.62). Specialization is measured using RCA, an index that takes the ratio between Chinese Taipei observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Chinese Taipei according to the product complexity index (PCI) are Photographic (including cinematographic) laboratory apparatus and equipment, n.e.c. in chapter 90; negatoscopes;... (1.92), Machining centres, unit construction machines (single station) and multi-station transfer machines for... (1.91), Machine-tools; for planing, shaping, slotting, broaching, gear cutting and grinding, finishing, sawing,... (1.9), Chemical preparations for photographic uses (other than varnishes, glues, adhesives and similar... (1.83), and Chemical elements doped for use in electronics, in the form of discs,... (1.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Chinese Taipei according to the relatedness index, were Platinum Clad Metals (0.31), Oxometallic or Peroxometallic Acid Salts (0.28), Gold Clad Metals (0.26), Incomplete Movement Sets (0.26), and Radio Receivers (0.24). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Chinese Taipei is not specialized in.

Relatedness Space

This network shows the products most related to the production structure of Chinese Taipei. These are products that tend to be co-exported with the products that Chinese Taipei exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.