Is China the biggest trading partners of ASEAN
List of the largest trading partners of the ASEAN
| Rank | Country/District | Total Trade |
|---|---|---|
| – | World | 2,629.4 |
| 1 | China | 669.2 |
| 2 | United States | 364.5 |
| 3 | European Union | 268.8 |
Who is China’s biggest trading partner
China's Top Trading PartnersUnited States: US$582.8 billion (16.2% of China's total exports)Hong Kong: $297.5 billion (8.3%)Japan: $172.9 billion (4.8%)South Korea: $162.6 billion (4.5%)Vietnam: $147 billion (4.1%)India: $118.5 billion (3.3%)Netherlands: $117.7 billion (3.3%)Germany: $116.2 billion (3.2%)
What is China’s total trade with ASEAN
Among them, China's export to ASEAN was 1.56 trillion yuan, an increase of 16.4 percent, and the import amounted to 1.03 trillion yuan or 1.4 percent rise, both achieving positive growth. The trade surplus with ASEAN came in at 523.86 billion yuan, an increase of 64.3 percent.
Which ASEAN countries support China
China was given the nod by the majority of respondents from seven of the 10 ASEAN countries, with 69% from Brunei favoring the country, 58% from Cambodia, 52% from Indonesia, 74% from Laos, 61% from Malaysia, 62% from Myanmar and 52% from Thailand.
Is China in the ASEAN trade bloc
The ASEAN–China Free Trade Area (ACFTA) is a free-trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China.
Is ASEAN important to China
In terms of geographical proximity and economic interdependence, the Association of Southeast Asian Nations (ASEAN) is the top priority in China's neighborhood diplomacy.
Is China Vietnam’s top trading partner
Data from the General Department of Customs shows in 2022, China is Vietnam's largest trading partner with a total two-way trade turnover of 175.57 billion USD, followed by the US (123.86 billion USD), the Republic of Korea (86.38 billion USD) and Japan (47.61 billion USD).
How many countries is China the largest trading partner
Trading Places: A Global Shift
The results are stark: before 2000, the U.S. was at the helm of global trade, as over 80% of countries traded with the U.S. more than they did with China. By 2018, that number had dropped sharply to just 30%, as China swiftly took top position in 128 of 190 countries.
What are ASEAN’s main trading partners
Total Trade
The most common destination for the exports of ASEAN are China ($283B), United States ($266B), Hong Kong ($112B), Japan ($111B), and Singapore ($84.5B).
Which country in Southeast Asia has the most Chinese
Singapore
The only predominantly Chinese population in Southeast Asia is that of Singapore, where an estimated 2 million Chinese form 76 percent of a population of 3 million.
Why China is important to ASEAN
China has long historical ties with the Southeast Asian nations. China's relationship with the Association of Southeast Asian Nations (ASEAN) got off to a fresh start after the end of the Cold War. China was invited to the 1991 ASEAN summit in Kuala Lumpur and became ASEAN's full dialogue partner in 1996.
What trade blocs is China in
China's FTA partners are ASEAN, Singapore, Pakistan, New Zealand, Chile, Peru, Costa Rica, Iceland, Switzerland, Maldives, Georgia, Hong Kong, Macao, and Taiwan.
Does ASEAN depend on China
In recent years, ASEAN countries have become much more trade dependent on China. All member economies except Singapore have trade deficits with world's largest trading nation, meaning they rely on China for much of their imports, ASEAN data show.
Are Vietnam and China allies
The two countries officially normalized diplomatic ties in 1991. Although both sides have since worked to improve their diplomatic and economic ties, the two countries remain in dispute over political and territorial issues in the South China Sea (or East Sea).
What is China’s view on ASEAN
China recognizes and respects ASEAN as a zone of peace, freedom and neutrality. It has never asked ASEAN to take sides, nor will it ever do so in the future. ASEAN-China relations are not targeted against any third party or subject to disruption and provocation by any third party.
Which countries have China as main trading partner
China is the largest trading partner to Japan, South Korea, Vietnam, and Taiwan. Given their proximity, those countries are hardly a surprise. But it is also the top trader with Russia—and Ukraine.
Who is China’s biggest trading partner 2023
Destinations In May 2023, China exported mostly to United States ($42.5B), Hong Kong ($20.4B), Japan ($12.5B), South Korea ($12.3B), and Vietnam ($11.1B), and imported mostly from Taiwan ($15.1B), United States ($14.3B), Australia ($13.6B), South Korea ($12.8B), and Brazil ($12.5B).
Is China the largest trading nation in the world
China has been the largest exporter of goods in the world since 2009. 1 Official estimates suggest the country's total exports amounted to $2.641 trillion in 2019. 2 In 2013, China became the largest trading nation in the world. 1 The United States previously held that position.
When did China become ASEAN’s largest trading partner
2009
China has retained its position as ASEAN's largest trading partner since 2009.
Why is China important to ASEAN
China has long historical ties with the Southeast Asian nations. China's relationship with the Association of Southeast Asian Nations (ASEAN) got off to a fresh start after the end of the Cold War. China was invited to the 1991 ASEAN summit in Kuala Lumpur and became ASEAN's full dialogue partner in 1996.
What are the 3 largest countries in Southeast Asia
Land area in sq. km, 2020 – Country rankings:
| Countries | Land area, 2020 | Global rank |
|---|---|---|
| India | 2973190 | 1 |
| Indonesia | 1877519 | 2 |
| Burma | 652670 | 3 |
| Thailand | 510890 | 4 |
What is the number 1 country in Southeast Asia
List of Southeast Asian countries by GDP
| # | World rank | Country |
|---|---|---|
| 1 | 15 | Indonesia |
| 2 | 24 | Thailand |
| 3 | 30 | Philippines |
| 4 | 36 | Vietnam |
Is China in the Asean trade bloc
The ASEAN–China Free Trade Area (ACFTA) is a free-trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China.
What is the largest trading bloc in Asia
RCEP
Regional Comprehensive Economic Partnership
| RCEP members | |
|---|---|
| Type | Free trade agreement |
| Depositary | Secretary-General of ASEAN |
| Language | English (lingua franca) |
What is China’s role in ASEAN
Several years ago, China was a country of dialogue and consultation with ASEAN. Now, it is a full dialogue partner with ASEAN, and China- ASEAN relations have entered a new stage. In the political field, the two sides maintain frequent high level dialogues and exchange of visits at all levels.
