The ASEAN-6 countries (Vietnam, Malaysia, Thailand, Singapore, Indonesia and The Philippines) accounted for the lion’s share (94.8%) of ASEAN’s total trade with China. In particular, Vietnam surpassed Australia for the first time to become China’s seventh largest trading partner.
Who is ASEAN’s largest trading partner?
China has remained ASEAN’s largest trading partner for 12 consecutive years, said Ren Hongbin, assistant minister of commerce. In 2020, ASEAN also became China’s largest trading partner.
Who are China’s Big 5 trading partners?
China’s top five trading partners are ASEAN, the EU, the US, Japan and South Korea, with the import and export of between China and ASEAN reached 4.74 trillion yuan, 4.5, 4.06, 2.2 and 1.97 trillion yuan, respectively, an increase of 7%, 5.3%, 8.8%, 1.2% and 0.7%.
What country is the ASEAN’s fourth largest trading partner in terms of goods?
The United States is ASEAN’s fourth-largest trading partner in terms of goods, trailing China, the European Union, and Japan. Merchandise trade between the two sides reached more than $292 billion in 2019.
What are China’s major trade partners?
China trade balance, exports and imports by country
In 2018, China major trading partner countries for exports were United States, Hong Kong, China, Japan, Korea, Rep. and Vietnam and for imports they were Korea, Rep., Japan, Other Asia, nes, United States and Germany.
Who is largest trading partner of India?
Largest trading partners with India
|3||United Arab Emirates||59.03|
Who is us biggest trading partner?
List of the largest trading partners of the United States
Who is Russia’s largest trading partner?
In 2020, Russia’s main trade partner was China, as the volume of export and import trade between the two countries reached nearly 104 billion U.S. dollars. China was the country’s both leading import origin and export destination.
Who is Japan’s largest trading partner?
Japan top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Other Asia, nes||43,001||6.09|
Who is China’s biggest ally?
China Creates a Network of Its Own
Today, China has only one formal ally—North Korea, with whom it shares a mutual defense treaty. But it has dozens of official partnerships with states around the world.
What are Asia’s three largest exports?
The top export categories (2-digit HS) in 2020 were: electrical machinery ($15.0 billion), machinery ($9.2 billion), mineral fuels ($5.8 billion), optical and medical instruments ($5.2 billion), and aircraft ($5.2 billion).
What are Asia’s major imports?
The Top Import for Each Country: Asia
- Petroleum is the most popular import across Asia.
- China imports the most petroleum in Asia—in 2018, it brought in over $207 billion worth.
- China is the world’s second largest importer (the U.S. comes in at number one)
Who did Southeast Asia trade with?
Table 3.3 shows the values of intra-Asian trade, which comprised trade between Southeast Asia and other parts of Asia (exactly speaking, it means trade with China, Japan, and India). Although intra-Asian trade never exceeded trade with the West, it also rapidly expanded from 1883 to 1928.
Who does China not trade with?
The shortfall comes as trade between the two countries has grown, according to Chinese customs data. China’s imports from the U.S. in the first half of the year rose to $87.94 billion, up 55.5% from the same period in 2020 and up nearly 49.3% from the first six months of 2019.
Is China America’s biggest trading partner?
China is currently our largest goods trading partner with $559.2 billion in total (two way) goods trade during 2020. Goods exports totaled $124.5 billion; goods imports totaled $434.7 billion. … The U.S. services trade surplus with China was $24.8 billion in 2020.
Is China industrialized?
Strictly judged by accepted standards, China is not even an industrialized country yet. As the largest manufacturer in the world, China remains a developing country or an emerging economy. China’s key industries are far from reaching the level of advanced industrial countries.