Welcome to China-ASEAN Business Council Website!
ENGLISH | 中文版
  Home > China-ASEAN Business Council > Special Interview > Text

ASEAN ranked first in China’s foreign trade in the last two consecutive months

Post Time:2019-12-12 16:37:40

Global Times, December 11, 2019: In October and November 2019, ASEAN ranked first in China's foreign trade volume in the last two consecutive months. In November, China-ASEAN trade volume was $ 61.48 billion, China-EU trade volume was $ 59.63 billion, and China-US trade volume was $ 46.55 billion, says Xu Ningning, Executive President of the China-ASEAN Business Council, in the interview. 

Mr. Xu Ningning analyzed that from January to November 2019, the trade volume between China and ASEAN reached 578.04 billion US dollars, an increase of 7.5% over the same period of the previous year; the proportion of China's trade with ASEAN countries in China's total foreign trade increased by 1.2 percentage points year-on-year . 

From January to November 2019, the trade volume between China and the EU was $639.33 billion, an increase of 2.8% year-on-year; the trade volume between China and the United States was $494.45 billion, a year-on-year decrease of 15.2%. ASEAN is China's second largest trading partner after the EU, with a difference of $61.29 billion dollars. China's trade with ASEAN is 83.59 billion US dollars higher than the United States, China’s third largest trading partner. 

From January to November 2019, among China's trade with ASEAN, China's exports to ASEAN reached $ 323.09 billion, an increase of 11.5% year-on-year; China's imports from ASEAN reached $ 254.95 billion, an increase of 2.8% year-on-year. China's trade surplus was 68.14 billion US dollars, an increase of 60.1% from 42.57 billion US dollars in the same period last year. 

From January to November 2019, the trade volume between China and Vietnam reached $ 145.54 billion, a year-on-year increase of 8.0%. China's exports to Vietnam reached $ 88.40 billion, a year-on-year increase of 16.6%; China's imports from Vietnam reached $ 57.14 billion, a decrease of 3.1% year-on-year; China's trade surplus was $ 31.26 billion. 

From January to November 2019, the trade volume between China and Malaysia reached $ 111.51 billion, a year-on-year increase of 12.4%. China's exports to Malaysia reached $ 47.66 billion, a year-on-year increase of 14.3%; China's imports from Malaysia reached $ 64.75 billion, a year-on-year increase of 11.1%; China's trade deficit was $ 17.09 billion. 

From January to November 2019, the trade volume between China and Thailand reached $ 82.91 billion, an increase of 2.9% year-on-year. China's exports to Thailand amounted to $ 40.99 billion, an increase of 4.3% over the same period last year; China's imports from Thailand reached $ 41.92 billion, an increase of 1.6% year-on-year; China's trade deficit was $ 930 million.  

From January to November 2019, the trade volume between China and Singapore reached $ 80.30 billion, an increase of 6.5% year-on-year. China's exports to Singapore reached $ 48.52 billion, a year-on-year increase of 9.3%; China's imports from Singapore reached $ 31.78 billion, an increase of 2.4% year-on-year; China's trade surplus was $ 16.74 billion. 

From January to November 2019, the trade volume between China and Indonesia reached 72.56 billion US dollars, a year-on-year increase of 2.0%. China's exports to Indonesia reached $40.99 billion, a year-on-year increase of 4.2%; China's imports from Indonesia reached $ 31.56 billion, a year-on-year decrease of 0.7%; China's trade surplus was $ 9.43 billion. 

From January to November 2019, the trade volume between China and the Philippines reached 55.54 billion US dollars, an increase of 7.9% year-on-year. China's exports to the Philippines amounted to $ 36.98 billion, a year-on-year increase of 14.8%; China's imports from the Philippines reached $ 18.55 billion, a year-on-year decrease of 3.7%; China's trade surplus was US $ 18.43 billion. Among the ten ASEAN countries, the trade volume with Vietnam, Malaysia and Thailand ranks in the top three. 

The China-ASEAN Business Council is one of the mechanisms for dialogue and cooperation between China and ASEAN. Xu Ningning, Executive President, said that the "Guidance on Promoting the High-Quality Development of Trade" issued by the Central Committee of the Communist Party of China and the State Council in November is of great significance to promoting the new development of China-ASEAN trade. He suggests that inwhen conducting trade with ASEAN, companies should ensure product quality, accelerate brand cultivation, enhance trade innovation capabilities, and continuously optimize the composition of trade; pay close attention to and activily participate in industrial cooperation between the two sides, promote effective interaction between trade and investment, and build new industry chains with complementary advantages to consolidate the industrial foundation for trade between the two sides; make good use of the China-ASEAN Free Trade Area policies, work with ASEAN enterprises to play the role of the business community, promote new development of regional economic integration, and work together to develop a greater international market.


Previous:Xu Ningning: International Cooperation Situation of Chambers of Commerce and Associations and Some Suggestions
Next:ASEAN Has Historically Become China’s Largest Trading Partner

AboutUs | Contact | Job | Copyright
Copyright © 2009-2017 China ASEAN Business Council All Right Reserved.
Technical Support: BuFeng Info
京ICP备18010848号-1