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Trade between Italy and Taiwan

In 2024, Italy exported $3.2 billion to Taiwan and imported $2.3 billion. Italy ran a surplus of $859 million with Taiwan, compared with a surplus of $97 million in 2019. Taiwan was Italy’s 46th largest trading partner (0.5% of its trade), and Italy was Taiwan’s 22nd (0.6%).

Summary

Italy → Taiwan
$3.2billion
Taiwan → Italy
$2.3billion
Italy’s balance
$859million

Balance

Italy’s trade balance with Taiwan

Trade between Italy and Taiwan grew 2.1-fold since 1995

USD billions (current). Italy’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3.2
  • Imports 2.3
  • Balance +0.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.5 billion$1.2 billion$319 million
1996$1.4 billion$1.2 billion$162 million
1997$1.6 billion$1.3 billion$357 million
1998$1.5 billion$1.7 billion-$150 million
1999$1.3 billion$1.6 billion-$328 million
2000$1.4 billion$1.7 billion-$286 million
2001$1.1 billion$1.5 billion-$397 million
2002$1.1 billion$1.4 billion-$339 million
2003$1.1 billion$1.7 billion-$562 million
2004$1.3 billion$2 billion-$637 million
2005$1.4 billion$2.1 billion-$688 million
2006$1.6 billion$2.4 billion-$860 million
2007$1.5 billion$2.8 billion-$1.3 billion
2008$1.6 billion$2.9 billion-$1.3 billion
2009$1.3 billion$2 billion-$667 million
2010$1.8 billion$2.8 billion-$958 million
2011$2.2 billion$2.8 billion-$622 million
2012$1.9 billion$2.1 billion-$254 million
2013$1.9 billion$2 billion-$116 million
2014$2.1 billion$2.1 billion$18 million
2015$1.8 billion$1.8 billion-$6 million
2016$2 billion$2 billion-$22 million
2017$2.3 billion$2.2 billion$56 million
2018$2.4 billion$2.5 billion-$147 million
2019$2.4 billion$2.3 billion$97 million
2020$2.4 billion$1.8 billion$599 million
2021$2.6 billion$2.7 billion-$116 million
2022$3 billion$3.6 billion-$594 million
2023$3.1 billion$2.8 billion$342 million
2024$3.2 billion$2.3 billion$859 million

What they sell each other

What Italy sells to Taiwan

The top 10 headings in 2024, with their share of the total.

  1. Medicines in measured doses or retail packs$325 million · 10.2%
    4 thousand tonnes · Italy’s destinations
  2. Bags, suitcases and cases$290 million · 9.1%
    325 tonnes
  3. Electrical test instruments$248 million · 7.8%
    68 tonnes
  4. Microchips$248 million · 7.7%
    19 tonnes · Italy’s destinations
  5. Cars$168 million · 5.2%
    2 thousand tonnes · Italy’s destinations
  6. Leather footwear$85 million · 2.7%
    218 tonnes
  7. Jewelry$82 million · 2.6%
    4 tonnes · Italy’s destinations
  8. Earthmoving and drilling machines$77 million · 2.4%
    5 thousand tonnes
  9. Sweaters and pullovers$49 million · 1.5%
    47 tonnes
  10. Vaccines, blood and antisera$42 million · 1.3%
    56 tonnes · Italy’s destinations

What Taiwan sells to Italy

The top 10 headings in 2024, with their share of the total.

  1. Stainless steel sheet$235 million · 10%
    120 thousand tonnes
  2. Cameras and broadcast equipment$160 million · 6.8%
    373 tonnes
  3. Hot-rolled flat steel$145 million · 6.2%
    190 thousand tonnes
  4. Motorcycle and bicycle parts$131 million · 5.6%
    3 thousand tonnes
  5. Screws, bolts and nuts$92 million · 3.9%
    27 thousand tonnes
  6. Auto parts$89 million · 3.8%
    10 thousand tonnes · Taiwan’s destinations
  7. Alloy steel sheet$80 million · 3.4%
    66 thousand tonnes
  8. Microchips$59 million · 2.5%
    31 tonnes · Taiwan’s destinations
  9. Cold-rolled flat steel$49 million · 2.1%
    64 thousand tonnes
  10. Computers$43 million · 1.8%
    218 tonnes · Taiwan’s destinations

How it travels

Estimated sea route from Genoa to Kaohsiung.

The estimated sea route between Genoa and Kaohsiung is 13,414 nautical miles (24,843 km) long: ≈ 31–40 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (13,414 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (8,251 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$2.4 billion · 44%
  2. Air$3.1 billion · 56%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Taiwan was Italy’s 46th largest trading partner (0.5% of its trade), and Italy was Taiwan’s 22nd (0.6%).

Taiwan in Italy’s trade
0.5%
Taiwan’s rank among Italy’s partners
46th
Italy in Taiwan’s trade
0.6%
Italy’s rank among Taiwan’s partners
22nd

Compare with

Other partners of Italy

Other partners of Taiwan

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.