Taiwan known for its modern city and traditional cultures offers abundance opportunities for Malaysian businesses to explore and venture into potential areas such as E&E, ICT, Machinery, Equipment & Parts, Automotive parts, Medical Tourism, Halal products & services including Food & Beverages.
Taiwan was Malaysia’s 6th largest trading partner in 2017 valued at RM78.72 billion (USD18.35 billion) accounted for 4.4% share of Malaysia’s global trade. In 2017, Taiwan was Malaysia’s 14th largest export destination. Malaysia’s total exports to Taiwan increased by 12.8% with the value of RM23.96 billion (USD5.59 billion) as compared to the year of 2016, which was valued RM21.24 billion (USD5.12 billion). Taiwan was Malaysia’s 5th source of imports in 2017 valued at RM54.75 billion (USD12.76 billion).
MATRADE had also recently signed a Memorandum of Understanding (MOU) with Taiwan External Trade Development Council (TAITRA) on April 23, 2018 with the aim to enhance bilateral trade cooperation and trade promotion in the field of Halal, F&B, ICT and e-Commerce.
Thus, in collaboration between MATRADE and TAITRA, we encourage Malaysian companies to participate in the Taiwan-Malaysia Business Matching Website. Please register your business interest in this platform to promote your products and services to the Taiwanese counterparts. Newsletter on the Taiwanese latest market trend along with the list of events organized in Taiwan will also be published. Thus, we encourage more Malaysian exporters to grab this opportunity to explore Taiwanese market.