Where Data Tells the Story
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ASEAN Trade More Heavily Tied to China than the U.S. in 2024
In 2024, China accounted for 19.7% of total trade with ASEAN members (15.3% of exports and 24.2% of imports), while the United States represented 11.5% (15.3% of exports and 7.6% of imports).
Myanmar, Cambodia, and Indonesia were among the most reliant on China, with roughly 27% of their total trade linked to the country. In Cambodia’s case, 24.3% of imports and 3.2% of exports were with China. Vietnam showed significant trade relationships with both countries—25.2% of its total trade with China and 16.3% with the U.S.—including 16.3% of imports from China and 14.3% of exports to the U.S. The Philippines recorded 21.1% of trade with China versus 10.1% with the U.S., while Laos was even more dependent on China (19.3% versus 2.6%).
Overall, China remains the dominant trade partner for most ASEAN economies, primarily through imports. U.S. trade continues to play an important role, especially for exports, but its share is notably smaller. This highlights China’s central role in ASEAN’s trade landscape and its deepening integration into regional supply chains.