ASEAN
Association of Southeast Asian Nations
Overview ASEAN (Association of Southeast Asian Nations) is an International Organization composed by Vietnam, Singapore, Malaysia, Thailand, Indonesia, Philippines, Cambodia, Burma, Brunei, and Laos. In 2019, ASEAN exported $1.73T (8.24% of global exports) and imported $1.61T (7.65% of global imports). Its largest exporter, Vietnam exported $356B, which corresponds to 20.5% of the total exports. On the other hand, the largest importer, Singapore, imported $362B, which is 22.5% of the total imports of Association of Southeast Asian Nations.
Trade In 2021, ASEAN's most exported products were Monolithic integrated circuits, digital ($199B), Oils petroleum, bituminous, distillates, except crude ($83.9B), Transmit-receive apparatus for radio, TV, etc. ($72.7B), Parts and accessories of data processing equipment ne ($54.9B), and Palm oil or fractions simply refined ($33.5B). The same year, the most imported products were Monolithic integrated circuits, digital ($159B), Oils petroleum, bituminous, distillates, except crude ($108B), Petroleum oils, oils from bituminous minerals, crude ($64.6B), Parts of line telephone/telegraph equipment, nes ($28.9B), and Transmit-receive apparatus for radio, TV, etc. ($26B).
Partners In 2021, ASEAN's exports went primarly to China ($283B), United States ($266B), Hong Kong ($112B), Japan ($111B), and Singapore ($84.5B). The same year, ASEAN's imported primarily from China ($455B), South Korea ($111B), Japan ($108B), Malaysia ($91.1B), and United States ($89.6B).
Latest Trends
#permalink to sectionLatest Data
#permalink to sectionThe following section shows the trade patterns over time for countries that comprise the organization.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionOrganization Composition
#permalink to sectionThe following section shows the trade patterns over time for all the countries that comprise the organization, using historical dataset.
Internal Trade
#permalink to sectionInternal Trade includes all trade between the countries that comprise this organization.
In 2021, the top internal exports of ASEAN were Refined Petroleum ($44.6B), Integrated Circuits ($38.6B), Gold ($17.1B), Coal Briquettes ($7.46B), and Petroleum Gas ($7.26B).
The same year, the principal destinations of internal exports were Singapore ($84.5B), Malaysia ($60.2B), Thailand ($46.9B), Vietnam ($44.5B), and Indonesia ($42.5B).
External Trade
#permalink to sectionTrade Value
External trade includes all world trade excluding the countries that comprise this organization.
In 2021, the top external exports of ASEAN were China ($283B), United States ($266B), Hong Kong ($112B), Japan ($111B), and South Korea ($65.2B).
The same year, the principal destinations of external exports were Integrated Circuits ($167B), Broadcasting Equipment ($67.8B), Office Machine Parts ($49.5B), Refined Petroleum ($39.3B), and Palm Oil ($39.1B).
Total Trade
#permalink to sectionTop Export (2021): Integrated Circuits, $205B
Top Destination (2021): China, $283B
In 2021, ASEAN exported a total of $1.73T. During the last five reported years the exports of ASEAN have changed by $572B from $1.16T in 2016 to $1.73T in 2021.
The most recent exports are led by Integrated Circuits ($205B), Refined Petroleum ($83.9B), Broadcasting Equipment ($73.1B), Office Machine Parts ($55.6B), and Palm Oil ($43.7B). The most common destination for the exports of ASEAN are China ($283B), United States ($266B), Hong Kong ($112B), Japan ($111B), and Singapore ($84.5B).
Largest Export by Country
#permalink to sectionThe following visualization shows the principal export per country, the product which has grown the most over the past 5 years or the product in which the country has a higher level of specialization, measured by the RCA Index.
Trade between organizations
#permalink to sectionThis visualization show trade between international organizations. The default selection shows the trade with the rest of the world.
Economic Complexity
#permalink to sectionComplexity and Country Indicators
#permalink to sectionThis visualization compares the Economic Complexity Index (ECI) with different indicators about country development such as GDP per capita or Inflation. For more information about ECI, check the Methods page.
In 2021, the countries with higher complexity that belong to Association of Southeast Asian Nations were Singapore (1.79), Malaysia (1.11), Thailand (0.98), Philippines (0.72), and Vietnam (0.054).
On the other hand, the countries with higher GDP per capita were Singapore ($72.8k), Brunei ($31.7k), Malaysia ($11.4k), Thailand ($7.23k), and Indonesia ($4.29k).
Finally, the biggest exporters of ASEAN were Vietnam ($356B), Singapore ($351B), Malaysia ($333B), Thailand ($285B), and Indonesia ($248B).
