Following two years of robust financial performance, Swedish companies in Taiwan are reporting dampened profitability for the past year, which is in line with the overall macro-economic environment. Among the participating companies, 60 per cent still reported their business to be profitable.
For Swedish companies, Taiwan's strategic focus on high-tech industries, particularly semiconductors, AI, and green technology, aligns well with Swedish expertise.
Swedish companies' investment plans in Taiwan peaked in 2022 but have experienced a gradual decline since then. However, a closer look at the data reveals a divergence in investment strategies. Larger companies are reducing their investments, while smaller companies are actively planning to increase theirs.
The Swedish brand continues to play a significant role in the success of Swedish companies operating in Taiwan, with an impressive 83 per cent estimating its positive contribution.
Please download the report to fully overview the results with a detailed analysis.
ABOUT THE SURVEY
This year’s Business Climate Survey, conducted between February and March 2024, represents a collaborative effort between Business Sweden and the Swedish Chamber of Commerce in Taipei. The primary objective is to provide insights into Taiwan's business climate and monitor changes over time.
Additionally, the survey aims to highlight opportunities and potential risks for Swedish companies operating in Taiwan or considering entering the market. As such, it serves as a valuable resource for Swedish businesses navigating the Taiwanese business landscape.
Out of the 68 companies approached, 43 responded, resulting in a response rate of 63.2 per cent and a margin of error of nine per cent. We would like to thank the Business Climate Survey respondents and interview participants for their invaluable contributions to this year’s report.
