Where Data Tells the Story
© Voronoi 2025. All rights reserved.
In 2024, ASEAN’s trade with China amounted to 18.3% of its combined GDP (7.3% exports and 11.1% imports), compared to 10.7% with the United States (7.2% exports and 3.5% imports). ASEAN’s dependence on China is driven mainly by imports, while trade with the U.S. is more export-oriented.
Vietnam showed the highest exposure, with trade equal to 36.5% of GDP with China and 23.7% with the U.S., followed by Cambodia (32.2% and 21.6%), Malaysia (24.1% and 16.2%), and Thailand (22.0% and 14.1%).
Overall, China remains the dominant trade partner for most ASEAN economies, underscoring its central role in regional supply chains and growing integration into the bloc’s economic landscape.