Wyoming and Taiwan

  • Building on Strong Trade Ties

    In 2015, Wyoming’s exports to Taiwan reached $40 million. Taiwan is Wyoming’s 4th largest export market in Asia, and 11th largest export market in the world. Wyoming companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Market for Chemical and Agricultural Products

    Taiwan's strong industrial base is fueled by Wyoming's booming chemical industry, which accounted for 99% of Wyoming's exports to Taiwan in 2014. The chemical industry as well as many other sectors important to Wyoming's economy are poised to benefit from a trade partnership with Taiwan. Taiwan is a leading importer of U.S. agricultural goods and the U.S. is the largest supplier of agricultural products to Taiwan. Wyoming’s farmers would enjoy immediate benefits from the signing of a free trade agreement between U.S. and 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

    Wyoming has attracted $32 million in investment from several Taiwanese companies, but there is significant potential for Taiwanese enterprises to boost investment and create jobs in Wyoming and create jobs in the state.
  • 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 Wyoming Exports to Taiwan


    PRODUCT

    VALUE (Million USD)


    %

    Chemicals

    $39.71


    99.3%

    Food Manufactures

    $0.11


    0.3%

    Machinery, except Electrical

    $0.08


    0.2%

    Computer and Electronic Products

    $0.04


    0.1%

    Others

    $0.06


    0.2%


  • Forging a Stronger Partnership for Growth

    Vibrant Wyoming-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.

Wyoming and Taiwan Trade Facts

  • 4th largest export market of Wyoming is Taiwan
  • $40. million: Wyoming'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-Wyoming 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

Taiwan External Trade Development Council


U.S. Commercial Service