South Dakota and Taiwan

  • Building on Strong Trade Ties

    In 2015, South Dakota’s exports to Taiwan reached $8.2 Million. Taiwan is South Dakota’s 5th largest export market in Asia, and 19th largest export market in the world. South Dakota companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Key Market for Machinery and Agriculture

    The top exports to Taiwan are minerals and machinery. 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. South Dakota corn crop and high-quality feed has attracted Taiwan trade teams to the states.

    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. South Dakota’s farmers would enjoy immediate benefits from such an agreement.

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

    The minerals and ores, machinery, food manufactures, and computer and electronics industries as well as many other sectors important to South Dakota economy are poised to benefit from partnership with Taiwan. There is significant potential for Taiwanese enterprises to boost investment and create jobs in South 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.

  • 2015 South Dakota Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Minerals and Ores

    $2.01

    24.7%

    Machinery, except Electrical

    $.99

    12.1%

    Food Manufactures

    $3.17

    38.9%

    Transportation Equipment 

    $0.79

    9.7%

    Others

    $1.19

    14.6%


  • Forging a Stronger Partnership for Growth

    Vibrant South 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.

South Dakota and Taiwan Trade Facts

  • 5th largest export market of South Dakota in Asia is Taiwan
  • $8.2 Million: South Dakota's exports to Taiwan in 2015
  • 9th: Taiwan's ranking in bilateral trade with the U.S. in 2015

Trade and Investment Factsheet

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



Business Contacts

Taipei Economic Cultural Office in Chicago, Economic Division

  • 180 N. Stetson Ave., Suite 5802
    Chicago, IL 60601
  • Tel: (312) 616-0120
  • Fax: (312) 616-1498
  • economic@chicagocd.org

Taiwan External Trade Development Council


U.S. Commercial Service