Minnesota and Taiwan

  • Building on Strong Trade Ties

    In 2015, Minnesota’s exports to Taiwan reached $419.7 million, a 3.4% increase from 2014,  making Taiwan Minnesota’s 7th largest export market in Asia, and 14th largest export market in the world.

  • Growing a Small but Strong Manufacture 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 Minnesota. Taiwan imports from Minnesota has been growing steadily.  From 2012 to 2014, the transportation equipment sector grew by 11% and electrical equipment and appliances grew by over 35%. These robust patterns show that Minnesota’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 industrial products and increase Taiwanese demand and Minnesota exports. Exports support over a fifth of all manufacturing workers in the state of Minnesota.

  • Bringing New Trade and Investment Home


    The machinery and computer and electronic product industries as well as many other sectors important to the Minnesota economy are poised to benefit from partnership with Taiwan. Minnesota has also attracted investment from several Taiwanese companies, but there is significant potential for Taiwanese enterprises to boost investment and create jobs in Minnesota 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.

  • 2015 Minnesota Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Machinery, except Electrical

    $154.91

    36.9%

    Chemicals

    $76.33

    18.2%

    Computer and Electronic Products

    $42.12

    10.0%

    Misc. Manufactured Commodities

    $26.1

    6.2%

    Others

    $120.22

    28.6%


  • Forging a Stronger Partnership for Growth

    Vibrant Minnesota-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.

Minnesota and Taiwan Trade Facts

  • 14th largest export market of Minnesota is Taiwan
  • $419.7 million: Minnesota's exports to Taiwan in 2015
  • 3.4%: Growth in Minnesota exports to Taiwan from 2014 to 2015

Trade and Investment Factsheet

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



Business Contacts

Taipei Economic Cultural Office in Chicago, Economic Division

  • 180 N. Stetson Ave., Suite 5802
    Chicago, IL 60601
  • Tel: (312) 616-0120
  • Fax: (312) 616-1498
  • economic@chicagocd.org

Taiwan External Trade Development Council


U.S. Commercial Service