Missouri and Taiwan

  • Building on Strong Trade Ties

    In 2016, Missouri’s exports to Taiwan reached $77.12 million. Taiwan is Missouri’s 9th largest export market in Asia. Missouri companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Key Market for Agriculture

    As agribusiness continues to be an important industry in the State, there is potential to grow the bilateral trade relationship with Taiwan. Taiwan is a leading importer of U.S. agricultural goods and regularly dispatches agricultural procurement missions to the U.S. to sign multi-billion dollar supply deals. In 2013, the Missouri Department of Agriculture and the Missouri Department of Economic Development signed deals to sell goods worth $700 million to Taiwan over the next four years.

    Closer bilateral trade ties through a free trade agreement would eliminate tariffs on most agricultural and industrial products and increase Taiwanese demand for U.S. agricultural products. Missouri’s businesses and farmers would enjoy immediate benefits from such an agreement.

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

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

    PRODUCT

    VALUE (Million USD)

    %

    Computer and Electronic Products

    $18.66

    24.2%

    Chemicals

    $13.41

    17.4%

    Leather and Allied Products

    $7.50

    9.7%

    Machinery, except Electrical

    $7.08

    9.2%

    Others

    $30.46

    39.5%


  • Forging a Stronger Partnership for Growth

    Vibrant Missouri-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.

Missouri and Taiwan Trade Facts

  • 9th largest export market of Missouri in Asia is Taiwan
  • $77.12 Million : Missouri'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-Missouri trade and investment factsheet.



Business Contacts

Taipei Economic Cultural Office in Denver

  • 1600 Broadway Blvd, Suite 1740
  • Denver, CO 80202
  • Tel: (720) 587-2949
  • Fax: (720) 587-2958
  • teco@tecodenver.org

Taiwan External Trade Development Council


U.S. Commercial Service