Massachusetts and Taiwan

  • Building on Strong Trade Ties

    In 2015, Massachusetts’ exports to Taiwan reached $686.85 million, a 4.9% increase from 2014, making Taiwan Massachusetts’ 5th largest export market in Asia, and 18th largest export market in the world. Massachusetts companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Market for Technological and Pharmaceutical Industries

    Like Massachusetts, Taiwan is rapidly developing its biotech, medical devices and pharmaceutical industries. Enhancing trade ties with Taiwan will help Massachusetts increase its biotech and other hi-tech exports to Taiwan and promote bilateral cooperation in innovation. Taiwan’s hi-tech sectors can effectively integrate R&D operations and supply chains stretching from Massachusetts, via Taiwan, into Mainland China and Southeast Asia.

  • Investing in Jobs and the Economy of the Palmetto State


    Taiwanese companies have invested over $700 million in Massachusetts, creating over 15,000 job opportunities. The ICT, chemicals, electrical and electronics and precision machinery industries as well as many other sectors important to Massachusetts’ economy are poised to benefit from partnership with Taiwan. Some of the Taiwanese companies currently investing in Massachusetts include:
    • TSMC (Taiwan Semiconductor Manufacturing Company)
    • MediaTek
    • E Ink Corp.
    • MaxGroup
    • Linx Communications Inc.
    • Nova Biomedical Corp.
    • M3 Medicals, Inc.
    • Aurora Imaging Technology Inc.
    • Teratech Corp.
    • AST Products Inc.
  • 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 Massachusetts Exports to Taiwan

    PRODUCT

    VALUE (USD)

    %

    Machinery, except Electrical

    $377.67

    55.0%

    Computer and Electronic Products

    $145.32

    21.2%

    Chemicals

    $47.25

    6.9%

    Misc. Manufactured Commodities

    $39.35

    5.7%

    Others

    $77.26

    11.2%


  • Forging a Stronger Partnership for Growth

    Vibrant Massachusetts-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.

Massachusetts and Taiwan Trade Facts

  • 5th largest export market of Massachusetts is Taiwan
  • $686.85 million: Massachusetts's exports to Taiwan in 2015
  • 4.9%: Growth in Massachusetts exports to Taiwan in 2015

Trade and Investment Factsheet

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

Business Contacts

Taipei Economic Cultural Office in Boston

  • 99 Summer Street, Suite 801
    Boston, MA 02110
  • Tel: (617) 737-2050
  • Fax: (617) 737-1260
  • teco@tecoboston.org

    Taiwan External Trade Development Council


    U.S. Commercial Service