Montana and Taiwan

    • Building on Strong Trade Ties

      In 2016, Montana’s exports to Taiwan reached $57.54 million in exports, a 64.4% increase from 2015. Taiwan is Montana’s 3rd largest export market in Asia. Companies in Montana have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Key Market for Innovation and Agriculture

    Enhancing trade ties with Taiwan can help Montana increase its biotech and hi-tech footprint and enhance exports to Taiwan, promoting bilateral and innovative cooperation. Taiwanese hi-tech corporations can effectively integrate its R&D operations and supply chains to promote cross border growth stretching from Montana, via Taiwan, into Asia and Mainland China.

    According to the Montana Department of Commerce, Taiwan is one of Montana's top foreign markets for agricultural products, especially the state's Hard Red Winter and Hard Red Spring wheat crop, as well as barley and durum. In 2012, Montana exported 117.2 million bushels of wheat, with 75% of the wheat going to Asia, with Taiwan being the second largest Asian market for the state's grains, after only Japan.

    These trends are indicative of the potential benefits from establishing a mutually beneficial trade agreement between Taiwan and the Montanan agricultural and horticultural industries. Such an agreement would lower tariffs on crops and other industrial products and increase exports to Taiwan— stimulating Montana’s economy.

    The Montana State Senate passed a resolution in February 2013 encouraging the U.S. to sign a free trade agreement with Taiwan. We encourage U.S. business owners and companies to contact their respective state senators and Department of Commerce to see how they may benefit your business by supporting building closer trade ties with Taiwan.

  • 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 Montana Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Machinery, except Electrical

    $34.07

    59.2%

    Chemicals

    $10.10

    17.6%

    Primary Metal MFG

    $6.78

    11.8%

    Minerals & Ores

    $3.20

    5.6%

    Others

    $3.39

    5.9%


  • Forging a Stronger Partnership for Growth

    Vibrant Montana-Taiwan relations hold great economic potential both on a local and national level benefitting each respective area’s companies and workers. We look forward to working together with Montana to forge a mutual partnership in prosperity.

Montana and Taiwan Trade Facts

  • 3rd: largest export market of Montana in Asia is Taiwan
  • $57.54 million: Montana's exports to Taiwan in 2016
  • 64.4%: Growth in Montana exports to Taiwan from 2015 to 2016

Trade and Investment Factsheet

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



Business Contacts

Taipei Economic Cultural Office in Seattle

  • One Union Square, 600 University St., Suite 2020
    Seattle, WA 98101
  • Tel: (206) 441-4586

Montana Department of Commerce

  • Trade & Int'l Relations Bureau
    301 S Park Ave
    Helena MT 59601
  • Commerce Taiwan Site
  • Tel: (406) 841-2757

Taiwan External Trade Development Council


U.S. Commercial Service