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Trade between Russia and Taiwan

In 2024, Russia exported $4.6 billion to Taiwan and imported $596 million. Russia ran a surplus of $4 billion with Taiwan, compared with a surplus of $1.8 billion in 2019. Taiwan was Russia’s 16th largest trading partner (0.9% of its trade), and Russia was Taiwan’s 23rd (0.6%).

Summary

Russia → Taiwan
$4.6billion
Taiwan → Russia
$596million
Russia’s balance
$4billion

Balance

Russia’s trade balance with Taiwan

Trade between Russia and Taiwan grew 9.1-fold since 1996

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

  • Exports 4.6
  • Imports 0.6
  • Balance +4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$495 million$73 million$422 million
1997$865 million$157 million$708 million
1998$638 million$100 million$538 million
1999$1 billion$77 million$953 million
2000$1.2 billion$133 million$1.1 billion
2001$550 million$228 million$321 million
2002$859 million$258 million$601 million
2003$1.3 billion$310 million$956 million
2004$2.6 billion$408 million$2.2 billion
2005$2.1 billion$601 million$1.5 billion
2006$1.6 billion$794 million$836 million
2007$1.6 billion$1.3 billion$302 million
2008$2 billion$1.8 billion$179 million
2009$2.3 billion$915 million$1.4 billion
2010$2.4 billion$1.5 billion$894 million
2011$2.3 billion$2.1 billion$234 million
2012$3.3 billion$2.2 billion$1.2 billion
2013$3.9 billion$1.9 billion$2 billion
2014$3.9 billion$1.7 billion$2.2 billion
2015$2.9 billion$1.4 billion$1.4 billion
2016$3.2 billion$1.6 billion$1.5 billion
2017$4.1 billion$1.8 billion$2.3 billion
2018$4.6 billion$2 billion$2.6 billion
2019$3.7 billion$1.9 billion$1.8 billion
2020$3 billion$1.8 billion$1.2 billion
2021$4.8 billion$2 billion$2.8 billion
2022$4.9 billion$849 million$4 billion
2023$4.3 billion$780 million$3.5 billion
2024$4.6 billion$596 million$4 billion

What they sell each other

What Russia sells to Taiwan

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

  1. Refined petroleum$2.1 billion · 47%
    4.4 million tonnes · Russia’s destinations
  2. Coal$924 million · 20.3%
    4.8 million tonnes · Russia’s destinations
  3. Semi-finished steel$742 million · 16.3%
    727 thousand tonnes
  4. Natural gas and LPG$215 million · 4.7%
    364 thousand tonnes
  5. Unwrought aluminum$155 million · 3.4%
    61 thousand tonnes · Russia’s destinations
  6. Nitrogen heterocyclic compounds$89 million · 2%
    42 thousand tonnes
  7. Pig iron$67 million · 1.5%
    124 thousand tonnes
  8. Ferroalloys$40 million · 0.87%
    22 thousand tonnes
  9. Halogenated hydrocarbons$27 million · 0.58%
  10. Steel angles and sections$24 million · 0.54%
    9 thousand tonnes

What Taiwan sells to Russia

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

  1. Auto parts$39 million · 6.6%
    5 thousand tonnes · Taiwan’s destinations
  2. Computer and office machine parts$32 million · 5.4%
    532 tonnes
  3. Parts for switchgear$31 million · 5.3%
    87 tonnes
  4. Vehicle lights and signals$25 million · 4.2%
    1 thousand tonnes
  5. Other hand tools$25 million · 4.1%
    2 thousand tonnes
  6. Wrenches and sockets$23 million · 3.9%
    2 thousand tonnes
  7. Screws, bolts and nuts$20 million · 3.4%
    7 thousand tonnes
  8. Replacement tool heads$16 million · 2.8%
    499 tonnes
  9. Plastic and rubber processing machines$15 million · 2.5%
    1 thousand tonnes
  10. Discs and storage media$14 million · 2.3%
    629 tonnes

How it travels

Estimated sea route from Saint Petersburg to Kaohsiung.

The estimated sea route between Saint Petersburg and Kaohsiung is 14,922 nautical miles (27,636 km) long: ≈ 34.5–44.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Øresund, the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (14,922 nautical miles); and 15% via the Øresund, the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (11,500 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$5 billion · 96.6%
  2. Air$175 million · 3.4%

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

How much each matters to the other

Taiwan was Russia’s 16th largest trading partner (0.9% of its trade), and Russia was Taiwan’s 23rd (0.6%).

Taiwan in Russia’s trade
0.9%
Taiwan’s rank among Russia’s partners
16th
Russia in Taiwan’s trade
0.6%
Russia’s rank among Taiwan’s partners
23rd

Compare with

Other partners of Russia

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.