6. MOEA
Taiwan’s Economic Profile –
Item 2010 2011
Foreign Exchange Reserve US$382 billion US$386 billion
GDP US$465 billion US$495 billion
GDP Per Capita US$19,046 US$20,246
GDP real growth rate 10.5% 4.51%
Export US$275 billion US$308 billion
Import US$251 billion US$282 billion
Source: Directorate General of Budget Accounting and Statistics, Executive Yuan
7. MOEA
Strong Economic Growth in Asia
GDP Growth Rate 2007-2011 (%)
2011 GDP
2007 2008 2009 2010 2011
($USD Billion)
USA 1.91 -0.33 -3.07 2.39 1.8 15,075.675
EU 3.43 0.56 -4.21 2.05 1.59 17,610.826
Japan 2.19 -1.04 -5.52 4.53 -0.75 5,866.540
China 14.16 9.63 9.21 10.45 9.24 7,298.147
India 9.99 6.9 5.9 10.1 6.84 1,826.811
South Korea 5.1 2.29 0.32 6.32 3.63 1,116.247
Taiwan 5.98 0.73 -1.81 10.72 4.02 466.424
Singapore 8.86 1.7 -0.98 14.76 4.89 259.846
Source: IMF
8. MOEA
Solid Foreign Exchange Reserve Holding
Foreign Exchange
2011 GDP Reserves to
Reserves
($USD Billion) GDP (%)
($USD Billion)
USA 15,075.675 151.436 (11/2012) 1
EU 17,610.826 903.02 (08/2012) 5.1
Japan 5,866.540 1,274.160 (10/2012) 21.7
China 7,298.147 3,285.09 (09/2012) 45
Russia 1,894.473 526.766 (10/2012) 27.8
Taiwan 466.424 399.220 (10/2012) 85.5
India 1,826.811 295.290 (10/2012) 16.1
Source: IMF & StockQ.org
9. MOEA
Low Unemployment in Asia
2010 Unemployment 2011 Unemployment
Rate Rate
Japan 5% 4.6%
China 4.1% 4.1%
South
3.7% 3.4%
Korea
Taiwan 5.2%% 4.4%
Hong
4.3% 3.4%
Kong
Singapore 2.2% 2%
Source: IMF
12. MOEA
U.S.-Taiwan Economic Relations, 2011
A STRONG ECONOMIC PARTNERSHIP
Taiwan… U.S.…
2nd Largest per 3rd largest trading
capita importer of partner for Taiwan
U.S. farm products
(7th largest overall)
largest export
3rd
market for Taiwan
12th largest U.S. trading
partner Taiwan’s largest
FDI source (1952-
15th largest U.S. export
market 2011 cumulative)
14. MOEA
Top sectors for Taiwan
Investment in the U.S.
15. MOEA
The U.S.-No. 3 Trading Partner of Taiwan
2012 Taiwan’s top five import & export partners
Rank Country Value of import % in Country Value of export % in
(million USD) total (million USD) total
1 Japan 27,875.610 17.61 China 45,361.925 26.72
2 China 23,761.346 15.01 Hong Kong 20,729.500 12.21
3 USA. 14,065.980 8.88 The U.S. 18,691.654 11.01
4 South Korea 8,969.706 5.66 Singapore 10,877.450 6.40
5 Kingdom of 8,561.280 5.41 Japan 10,293.923 6.06
Saudi Arabia
USD:TWD= 1:30; Source: Directorate General of Customs in Taiwan
16. MOEA
Taiwan : the Gateway to
Asia
World Economy turns to
emerging East Asia markets,
including China
Taiwan is the gateway to
unprecedented Asia
opportunities for Illinois
Trading Agreement ECFA
signed in 2010, has empowered
Taiwan to further connect
business to the potential market
17. MOEA
Why Taiwan?
Taiwan is one of U.S. strongest allies and also share
common values with the U.S. - robust and mature
democracy, human right and free market principles.
Taiwan enjoys American quality product and we have
strong sentiments of Buy American Products.
Taiwan has strong manufacturing and Technology base
Better experience in manufacturing and R&D
Following international rules and IP Protection
Best regional location for accessing China and
Southeast Asia markets
17
18. MOEA
Taiwan
Thomas Friedman’s favorite country
Saturday March 10, 2012
Pass the Books. Hold the Oil.
By Thomas L. Friedman
“Taiwan is a barren rock in a typhoon-
laden sea with no natural resources to live
off of, yet it has the 4th largest financial
reserves in the world”
“Rather than digging in the ground and
mining whatever comes up, Taiwan has
mined its 23m people, their talent,
energy and intelligence”
Taiwan
“Taiwan is lucky because it developed the habits and culture of
honoring the people’s skills, which turns out to be the most
valuable and only truly renewable resource in the world today.”
20. MOEA
2011 The U.S. Export to
Taiwan of Total Merchandise
Computer and
8,732.90, 32%
6,643.50, 25% electronic
produtcs
Machinery
except
electrical
Chemicals
Agricultural
4,985.97, 19% products
2,440.27, 9% 4,086.02, 15% All others
21. MOEA
2011 The U.S. Import from
Taiwan of Total Merchandise
Computer and
12,358.71, 30% electronic
produtcs
Fabricated
metal prodcuts
19,602.86, 48%
Transportation
equipment
2,567.10, 6%
Machinery
3,093.57, 7% 3,782.51, 9% All others
22. MOEA
2011 Total Merchandise Export
from Illinois to Taiwan
65.75, 5% 94.68, 8% Computer and
electronic
288.40, 23% 67.51, 5% produtcs
Chemicals
Waste and
scrap
Agricultural
products
All others
738.12, 59%
23. MOEA
Taiwan’s Industrial Development
Strategy
•Medicine & Health Care
•Biotechnology 1. WiMAX
•High-end Agriculture 2. International Medicine
•Tourism 3. High-tech & Innovative
•Culture & Creation Industries
•Green Energy 4. Music & Digital Content
5. MICE industry
6. International Logistics
7. Urban Renewal
•Cloud Computing 8. Globalization of
•Intelligent electric vehicles Taiwanese gourmet
•Intelligent eco-friendly 9. Chinese language e-
Architecture commerce
•Patent Commercialization 10. Expansion of foreign
student recruitment
24. For information or assistance, please contact
your local support at Commercial Division,
Taipei Economic & Cultural Office in Chicago:
Website: www.roc-taiwan.org/US/CHI/
Email: commerce@dpliv.com
Tel: (312) 616-0120
Fax: (312) 616-1498
Address: Two Prudential Plaza, Suite 5802,
180 N Stetson Ave, Chicago, IL 60601
Hinweis der Redaktion
Taiwan has 280 mountains higher than 3000 meters.
Mandarin is the official language of Taiwan
Taiwan, with only 23 million people, can’t compare in size. Yet for investors and businesspeople, it’s not to be overlooked. Overall, it’s much freer than mainland China economically, and has a lot longer experience welcoming foreign investors in its stock markets. The one-time “clone kingdom” has today close ties to technology global titans such as HP and Dell, among others, which this year are in the throes of launching more-convenient-than-ever new mobile products. Taiwan is home to a swath of the companies listed by Apple as its suppliers for 2011Besides its IT industry success, Taiwan stands out for its close economic ties to relatively fast-growing mainland China. Many of its technology companies churn out goods for their customers from factories there. Yet many Taiwan companies in addition are producing items for the China market, such food and beverage giants Want Want China and Tingyi. And as a group, they are also emerging as a new force in mainland retailing. Many owners of the largest businesses in all of those fields appeared on our 2012 Forbes Taiwan Rich List last month.
Taiwan has a strong foreign exchange reserve compare with other country, and reserve to GDP is 70%,which is higher than most of the countries even higher than China. Despite EU, Taiwan ranks No.6 on Foreign Exchange Reserve Holding in the world Foreign exchange reserves, often taken as a yardstick to gauge a country's financial strength, are the foreign currency deposits and bonds held by central banks or monetary authorities (it is the Reserve Bank in the case of India). Foreign reserves include a country's gold holdings and convertible foreign currencies held in its banks, including special drawing rights and exchange reserve balances, with the International Monetary Fund. The quantity of foreign exchange reserves can change as and when a country's central bank implements the monetary policy. Large reserves of foreign currency allow a government to manipulate exchange rates -- to stabilize the foreign exchange rates to create a favorable economic environment.
Our unemployment rate has decrease 1.2% compare with 2010, which our government is still working on it. Compare to the U.S., the unemployment rate is much lower.
Taiwan is very depends on the international trade.
Taiwan has become one of the top market for US products and services. In terms of the market size, Taiwan is larger than Australia, Chile and Singapore put together. These 3 countries already signed FTAs with the US.
A stable democracy, thriving market economy, and unique geographic position make Taiwan a highly attractive investment market, especially for U.S. companies. In fact, the United States is one of the top three investors in Taiwan. In 2010, U.S. foreign direct investment (FDI) in Taiwan was $21 billion, an increase of 7.6% from 2009. See chart below for cumulative data on Taiwanese FDI into the U.S. since 1969. Sales of services in Taiwan by majority U.S.-owned affiliates were $10.7 billion in 2008, while sales of services in the United States by majority Taiwanese-owned firms were $2.2 billion. Top sectors for U.S. investment in Taiwan include finance and insurance, manufacturing and banking. Top sectors for Taiwan investment in the U.S. include financial services and insurance, electronic manufacturing, and information and communication.