North Dakota and Taiwan

  • Building on Strong Trade Ties

    In 2016, North Dakota’s exports to Taiwan reached $8.09 Million. Taiwan is North Dakota’s 5th largest export market in Asia. North Dakota companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Key Market for Agriculture

    Agribusiness continues to be an important industry in the State, and Taiwan is a leading importer of U.S. agricultural goods. Taiwan regularly dispatches agricultural procurement missions to the U.S. to sign multi-billion dollar supply deals. In 2013, Taiwan inked a $485 million agreement worth of wheat from North Dakota, as well as Montana and Idaho over the next two years. Taiwan also signed letters of intent to buy $4 billion worth of American wheat, corn and soybeans in 2014 and 2015, with the majority of corn and soybeans coming from North Dakota.

    These robust patterns show that North Dakota’s farmers would enjoy immediate benefits from the signing of a free trade agreement, which would eliminate tariffs on most agricultural and industrial products and increase Taiwanese demand for U.S. agricultural products.

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

    Agriculture and the machinery and transportation equipment industries as well as many other sectors important to North Dakota's economy are poised to benefit from partnership with Taiwan. North Dakota has also attracted investment from several Taiwanese companies, but there is significant potential for Taiwanese enterprises to boost investment and create jobs in North Dakota 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 North Dakota Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Agricultural Products

    $5.74

    71.0%

    Machinery, except Electrical

    $0.85

    10.5%

    Transportation Equipment

    $0.47

    5.8%

    Computer and Electronic Products

    $0.40

    5.0%

    Others

    $0.62

    7.7%


  • Forging a Stronger Partnership for Growth

    Vibrant North Dakota-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.

North Dakota and Taiwan Trade Facts

  • 5th largest export market of North Dakota in Asia is Taiwan
  • $8.09 Million: North Dakota's exports to Taiwan in 2016

Trade and Investment Factsheet

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





ElecBusiness 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