ASEAN remains China’s biggest trading partner
ASEAN remained China's largest trade partner, with bilateral trade volume reaching CNY 3.92 trillion ($546.6 billion) in the first seven months, up 10.5% from a year ago, according to the Chinese General Administration of Customs (GAC).
![The flags of ASEAN countries and China. Photo courtesy of Vietnam News Agency.](https://i.ex-cdn.com/theinvestor.vn/files/content/2024/08/12/asean-the-investor-1836.jpg)
The flags of ASEAN countries and China. Photo courtesy of Vietnam News Agency.
Of the sum, China’s exports to ASEAN stood at CNY 2.36 trillion, up 13.7% year-on-year, the agency said.
China has been ASEAN's largest trading partner for 15 consecutive years, while ASEAN has risen to become China's largest trade partner for four years in a row.
Last year, the two-year trade revenue accounted for 15.4% of China’s international trade value, and the number was 15.8% in the seven months.
Among the 10 ASEAN member countries, Vietnam, Malaysia, and Indonesia were China’s top trade partners, with turnover up 24.1%, 13.7%, and 4.1% respectively in the reviewed period.
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