Singapore (SGP) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Singapore-Chinese Taipei Trade: In 2022, Singapore exported $14.3B to Chinese Taipei. The main products that Singapore exported to Chinese Taipei were Integrated Circuits ($5.76B), Photo Lab Equipment ($2.56B), and Machinery Having Individual Functions ($896M). Over the past 5 years the exports of Singapore to Chinese Taipei have decreased at an annualized rate of 3.45%, from $17.1B in 2017 to $14.3B in 2022.

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

Chinese Taipei-Singapore Trade: In 2022, Chinese Taipei exported $38.6B to Singapore. The main products that Chinese Taipei exported to Singapore were Integrated Circuits ($29.8B), Refined Petroleum ($2.97B), and Office Machine Parts ($908M). Over the past 5 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 1.51%, from $33.7B in 2017 to $38.6B in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $14.3B to Chinese Taipei. The main products exported from Singapore to Chinese Taipei were Integrated Circuits ($5.76B), Photo Lab Equipment ($2.56B), and Machinery Having Individual Functions ($896M). During the last 5 years the exports of Singapore to Chinese Taipei have decreased at an annualized rate of 3.45%, from $17.1B in 2017 to $14.3B in 2022.

In 2017, Chinese Taipei exported $38.6B to Singapore. The main products exported from Chinese Taipei to Singapore were Integrated Circuits ($29.8B), Refined Petroleum ($2.97B), and Office Machine Parts ($908M). During the last 5 years the exports of Chinese Taipei to Singapore have increased at an annualized rate of 1.51%, from $33.7B in 2022 to $38.6B in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Singapore than Chinese Taipei included Indonesia ($22.5B), Malaysia ($35.9B), and India ($20.4B).

In 2022, countries that imported more from Chinese Taipei than Singapore included China ($121B), United States ($82.6B), and Japan ($34.9B).

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

Comparative Advantage Singapore - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Chinese Taipei in the exports of Machines ($8.2B), Instruments ($3.32B), and Chemical Products ($1.1B).

During 2017, Chinese Taipei had a large net trade with Singapore in the exports of Machines ($32.9B), Mineral Products ($3.01B), and Chemical Products ($809M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Singapore - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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