Indiana and Taiwan

  • Building on Strong Trade Ties

    In 2016, Indiana’s exports to Taiwan reached $181.04 million. Taiwan is Indiana’s 7th largest export market in Asia.

  • Growing Strong Market in the Asia Pacific

    Though a small country with a population of 23 million, Taiwan has the potential to become a strong export market for Indiana. Taiwan imports from Indiana grew steadily from 2012 to 2014 by almost 5%. The growth pattern show that Indiana’s companies would enjoy immediate benefits from the signing of a free trade agreement between Taiwan and the U.S., which would eliminate tariffs on most products and increase Taiwanese demand and Indiana exports. Exports support nearly a quarter of all manufacturing workers in the state of Indiana, and account for an estimate of 7.4% of Indiana's total private sector employment.

  • Bringing New Trade and Investment Home

    The IT and chemicals manufacturing industries as well as many other sectors important to the Indiana economy are poised to benefit from partnership with Taiwan. Taiwanese companies have invested in Indiana as it develops into a global biotechnology hub. Examples of leading businesses in the state include Q-Edge and Telamon. There is significant potential for Taiwanese enterprises to boost investment and create jobs in Indiana and vice versa.
  • 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. This is reflected in Taiwan's comprehensive protection of intellectual property rights, sound legal system, and modern infrastructure.

    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 Indiana Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Chemicals

    $80.53

    44.5%

    Transportation Equipment

    $21.41

    11.8%

    Computer and Electronic Products

    $18.55

    10.2%

    Machinery, Except Electrical

    $13.13

    7.3%

    Others

    $47.43

    26.2%


  • Forging a Stronger Partnership for Growth

    Vibrant Indiana-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.

Indiana and Taiwan Trade Facts

  • 7th largest export market of Indiana in Asia is Taiwan
  • $181.04 million: Indiana's exports to Taiwan in 2016
  • 10th: Taiwan's ranking in bilateral trade with the U.S. in 2016

Trade and Investment Factsheet

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

Business Contacts

Taipei Economic Cultural Office in Chicago, Economic Division

  • 55 West Wacker Drive, Suite 1200
    Chicago, IL 60601
  • Tel: (312) 616-0120
  • Fax: (312) 616-1498
  • economic@chicagocd.org

Taiwan External Trade Development Council


U.S. Commercial Service