The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration. At present, China is the largest trading partner of ASEAN while ASEAN is China's third largest trading partner. From 2002 to 2012, China-ASEAN bilateral trade climbed 23.6 percent annually to its current 400 billion U.S. dollars. Mutual investment added up to over 100 billion dollars by the end 2012. Currently member countries and China are working to upgrade and deepend the China-ASEAN Free Trade Area (CAFTA) that was established in 2010.
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Key Indicators on ASEAN-China Relations (2013): Trade
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| Category |
Contents |
Ranking |
Remarks |
| ASEAN-China Trade |
443.6 billion USD (ASEAN Importing 244.1 billion USD /Exporting 199.5 billion USD) |
China is ASEAN's largest trade partner, and ASEAN is China's 3rd largest trade partner. |
Increased by 10.9% from 2012 |
| China's Trade with Malaysia |
106.07 billion USD (Malaysia Importing 45.93 billion USD /Exporting 60.14 billion USD) |
1st among ASEAN Member States |
Increased by 11.9% from 2012 |
| China's Trade with Singapore |
75.91 billion USD (Singapore Importing 45.86 billion USD /Exporting 30.05 billion USD) |
2nd |
Increased by 9.6% from 2012 |
| China's Trade with Thailand |
71.26 billion USD (Thailand Importing 32.74 billion USD /Exporting 38.52 billion USD) |
3rd |
Increased by 2.2% from 2012 |
| China's Trade with Indonesia |
68.35 billion USD (Indonesia Importing 36.93 billion USD /Exporting 31.42 billion USD) |
4th |
Increased by 3.2% from 2012 |
| China's Trade with Vietnam |
65.48 billion USD (Vietnam Importing 48.59 billion USD /Exporting 16.89 billion USD) |
5th |
Increased by 29.8% from 2012 |
| China's Trade with the Philippines |
38.07 billion USD (the Philippines Importing 19.84 billion USD /Exporting 18.23 billion USD) |
6th |
Increased by 4.6% from 2012 |
Source: General Administration of Customs of China
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Key Indicators on ASEAN-China Relations (2013): Investment
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ASEAN-China Investment Total: 14.09 billion USD
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| ASEAN's Investment to China Total: 8.35 billion USD | China's Investment to ASEAN Total: 5.74 billion USD | ||||||
| Rank | Country | Investment | Rank | Country | Investment | ||
| 1st among ASEAN Member States | Singapore | 7.327 billion USD | 1st among ASEAN Member States | Singapore | 2.4 billion USD | ||
| 2nd | Thailand | 480 million USD | 2nd | Laos | 800 million USD | ||
| 3rd | Malaysia | 280 million USD | 3rd | Indonesia | 760 million USD | ||
Source: Ministry of Commerce of China