Texas and Taiwan

  • Building on Strong Trade Ties

    In 2016, Texas’ exports to Taiwan reached $4.29 billion, a 32% increase from 2015. Taiwan is Texas’s 5th largest export market in Asia. Texas companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Key Agriculture Market

    Texas is the 2nd largest producer of cotton, grains, corn, soybeans, sugarcane, and vegetables in the United States. Taiwan is a leading  importer of U.S. agricultural goods and the U.S. is the largest supplier of agricultural products to Taiwan. Taiwan regularly dispatches agricultural procurement missions to the U.S. to sign multi-billion dollar supply deals.

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

  • Bringing New Trade and Investment Home

    Texas has already attracted investment from many Taiwanese companies including Formosa Plastics, Foxconn, Inventec, Eva Air, and Yang Ming. Taiwan companies have invested billions of US dollars in Texas industries including petrochemicals, IT products, electronics, communications, auto parts, metal products, real estate, import-export, food and beverages, banking, hotels and medical supplies and more.

    Taiwanese companies have created thousands of jobs in Texas, and there is still significant potential for Taiwanese enterprises to boost investment and create more jobs in Texas.

  • Spotlight on Taiwanese Investment and Companies in Texas

    Formosa Plastics Corp.: Formosa Texas site consists of thirteen production units and support facilities at its 1,600 acre chemical complex, and employs 1,800 employees. The main products included olefins, LLDPE, HDPE, and polypropylene. The company has invested billions of US dollars, and more investment plans are underway. In 2012, an additional investment of $2 billion was announced in the state.

    TECO-Westinghouse Motor Company: In 1995, TECO merged Westinghouse into TECO-Westinghouse Motor Company (TWMC) to produce a variety of motors. Today, TWMC is provides quality motors, generators, drives, and power solutions, all from their headquarters in Round Rock, Texas.

    Dexco Polymers LP: Headquartered in Houston, Texas, Dexco Polymers LP manufactures high-end differentiated products used in the manufacture of adhesives and personal care product applications. Taiwan's TSRC's acquisition of the company will transform the business into one of the top five global players in the Styrenic Block Copolymers industry.

  • 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 Texas Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Computer and Electronic Products

    $1,755.91

    41.0%

    Machinery, except electrical

    $1,388.12

    32.4%

    Chemicals

    $659.61

    15.4%

    Food Manufactures 

    $83.05

    1.9%

    Others

    $400.41

    9.3%


  • Forging a Stronger Partnership for Growth

    Vibrant Texas-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.

Texas and Taiwan Trade Facts

  • 5th largest export market of Texas in Asia is Taiwan
  • $4.287 billion: Texas'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-Texas trade and investment factsheet.



Business Contacts

Taipei Economic Cultural Office in Houston, Commercial Division

  • 11 Greenway Plaza, Suite 2006
    Houston, TX 77046
  • Tel: (713) 626-7445
    (713) 961-9785
  • Fax: (713) 961-9809

Taiwan External Trade Development Council


U.S. Commercial Service