Iowa and Taiwan

  • Building on Strong Trade Ties

    In 2016, Iowa’s exports to Taiwan reached $153.87 million, making Taiwan Iowa’s 5th largest export market in Asia.

  • Growing a Small but 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 Iowa. Taiwan is a major importer of U.S. agriculture goods, and regularly dispatches agriculture missions to the United States. Other sectors such as the Iowa's strong wind energy sector has potential for bilateral cooperation as well. In June 2012, Iowa Economic Development Authority Director Debi Durham met with leaders from the Taiwan Wind Turbine Industry Association in Kaohsiung, Taiwan to promote Iowa's wind energy.

    Iowa’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 Iowa exports. Exports support over a fifth of all manufacturing workers in the state of Iowa.

  • Bringing New Trade and Investment Home


    The food and chemicals manufacturing industries as well as many other sectors important to the Iowa economy are poised to benefit from partnership with Taiwan. Iowa has also attracted investment from several Taiwanese companies, but there is significant potential for Taiwanese enterprises to boost investment and create jobs in Iowa 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 Iowa Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Food Manufactures

    $97.25

    63.2%

    Agricultural Products

    $18.78

    12.2%

    Chemicals

    $ 9.97

    6.5%

    Computer & Electronic Products

    $7.12 

    4.6%

    Others

    $20.75

    13.5%


  • Forging a Stronger Partnership for Growth

    Vibrant Iowa-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.

Iowa and Taiwan Trade Facts

  • 5th largest export market of Iowa in Asia is Taiwan
  • $153.87 million: Iowa's exports to Taiwan in 2016
  • 14.5%: Growth in Connecticut exports to Taiwan from 2015 to 2016

Trade and Investment Factsheet

Click here for your copy of the Taiwan- Iowa 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