Connecticut and Taiwan

  • Building on Strong Trade Ties

    In 2016, Connecticut’s exports to Taiwan reached $137.17 Million. Taiwan is Connecticut’s 6th largest export market in Asia. Connecticut companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Key Market for Innovation

    Like Connecticut, Taiwan is rapidly developing its biotech, medical devices and pharmaceutical industries. Enhancing trade ties with Taiwan will help Connecticut increase its biotech and other hi-tech exports to Taiwan and promote bilateral cooperation in innovation. Taiwan’s hi-tech sectors can effectively integrate R&D operations and supply chains stretching from Massachusetts, via Taiwan, into Mainland China and Southeast Asia.

  • Bringing New Trade and Investment Opportunities to the Great State of Connecticut

    The chemicals, computer and electronics, metal and machinery industries as well as many other sectors important to Connecticut's economy are poised to benefit from partnership with Taiwan. The majority of Taiwanese companies investing in Connecticut are SMEs in national defense, software, biotech, and services. Leading Taiwan businesses in the state include:

    • K. T. International: Software product company
    • Phyto-Ceutica, Inc.: Bio-tech company focusing on cancer research
    • Hontek Corp: Specialty paint company
    • Sunfarm Corp: Pharmaceutical company

    Opening Up A Region of Opportunity

    Taiwan serves as an ideal partner for U.S. business in Asia. Taiwan has complete industrial supply chains, high concentration of industrial clusters, and a consolidated manufacturer base. The World Economic Forum ranked Taiwan's industrial cluster infrastructure first in the world in its "World Competitiveness Report 2014" for the ninth consecutive year. Furthermore, the Economic Cooperation Framework Agreement (ECFA) signed between Taiwan and Mainland China in 2010 has opened up opportunities in Mainland China. Businesses can now collaborate with innovative Taiwanese companies and leverage ECFA to utilize Taiwan as a gateway to Mainland China and other fast-growing Asian markets.

  • 2016 Connecticut Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Machinery (except Electrical)

    $59.77

    43.6%

    Chemicals

    $27.92

    20.4%

    Computer and Electronic Products

    $18.35

    13.4%

    Electrical Equipment and Appliances

    $14.57

    10.6%

    Others

    $16.55

    12.1%


  • Forging a Stronger Partnership for Growth

    Vibrant Connecticut-Taiwan relations hold great promise for both our companies and workers. We look forward to working together with you to forge a mutual partnership in prosperity.


Connecticut and Taiwan Trade Facts

  • 6th largest export market of Connecticut in Asia is Taiwan
  • $137.17 Million: Connecticut's exports to Taiwan in 2016
  • 17.7%: Growth in Connecticut exports to Taiwan from 2015 to 2016

Trade and Investment Factsheet

Click here for your copy of the Taiwan-Connecticut trade and investment factsheet.


Business Contacts

Taipei Economic Cultural Office in New York, Investment & Trade Office

Taiwan Trade Center New York

Taiwan External Trade Development Council

U.S. Commercial Service