2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH
11%CURRENT US$
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About

Chinese Taipei-Belgium In 2022, Chinese Taipei exported $2.41B to Belgium. The main products that Chinese Taipei exported to Belgium are Integrated Circuits ($535M), Hot-Rolled Iron ($166M), and Coated Flat-Rolled Iron ($149M). During the last 23 years the exports of Chinese Taipei to Belgium have increased at an annualized rate of 5.04%, from $777M in 1999 to $2.41B in 2022.

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

Belgium-Chinese Taipei In 2022, Belgium exported $1.17B to Chinese Taipei. The main products that Belgium exported to Chinese Taipei were Packaged Medicaments ($326M), Vaccines, blood, antisera, toxins and cultures ($158M), and Cars ($139M). During the last 23 years the exports of Belgium to Chinese Taipei have increased at an annualized rate of 3.26%, from $559M in 1999 to $1.17B in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chinese Taipei exported $2.41B to Belgium. The main products exported from Chinese Taipei to Belgium were Integrated Circuits ($535M), Hot-Rolled Iron ($166M), and Coated Flat-Rolled Iron ($149M). During the last 23 years the exports of Chinese Taipei to Belgium have increased at an annualized rate of 5.04%, from $777M in 1999 to $2.41B in 2022.

In 2022, Belgium exported $1.17B to Chinese Taipei. The main products exported from Belgium to Chinese Taipei were Packaged Medicaments ($326M), Vaccines, blood, antisera, toxins and cultures ($158M), and Cars ($139M). During the last 23 years the exports of Belgium to Chinese Taipei have increased at an annualized rate of 3.26%, from $559M in 1999 to $1.17B in 2022.

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

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

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$121B
Belgium
Top Destination
Germany$91.9B

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

In 2021, countries that imported more from Chinese Taipei than Belgium were China ($121B), Hong Kong ($65.8B), and United States ($82.6B).

In 2021, countries that imported more from Belgium than Chinese Taipei were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Chinese Taipei - Belgium

Flow
Scale

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

During 2022, Chinese Taipei had a large net trade with Belgium in the exports of Machines ($899M), Metals ($646M), and Chemical Products ($237M).

During 2022, Belgium had a large net trade with Chinese Taipei in the exports of Chemical Products ($614M), Transportation ($153M), and Machines ($121M).

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 Chinese Taipei has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Chinese Taipei.

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

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