Taiwan and the United States maintain close economic and trade relations. The U.S. is Taiwan’s second largest trading partner, while Taiwan is the U.S.’s 10th biggest trading partner. Due to spillover from the China-U.S. trade dispute, Taiwan’s exports to the U.S. have sharply increased. In 2020, Taiwan-U.S. bilateral trade reached US$91 billion, and cumulative FDI between the two sides surpassed US$47 billion. Canada is also an important North American economic and trade partner to Taiwan, and the two sides have in recent years engaged in close cooperation in a range of fields such as ICT, electric vehicles, clean energy, and healthcare.