Who is Asia's biggest trading partner?
China has retained its position as ASEAN's largest trading partner since 2009.
Who is the largest trading partner in Asia?
China de-linking talk is overdone and it's still key to the global economy, Asian Development Bank says. China is still the leading trading partner for many countries, and the narrative it being delinked from the global economy is overdone, says the ADB.
Who is Central Asia's trading partner?
China has eclipsed Russia as the main trade partner of all five Central Asian states, according to official statistics. Kazakhstan is the most recent Central Asian country to see Beijing pass Moscow in terms of annual trade turnover.
Who is China's greatest trading partner?
- United States: US$502 billion (14.8% of China's total exports)
- Hong Kong: $276.4 billion (8.2%)
- Japan: $157.6 billion (4.7%)
- South Korea: $149.3 billion (4.4%)
- Vietnam: $138.2 billion (4.1%)
- India: $117.8 billion (3.5%)
- Russia: $111.1 billion (3.3%)
- Germany: $100.6 billion (3%)
Who is India's main trading partner?
The United States is India's biggest trading partner, with total trade between the two countries amounting to almost $100 billion till October of this calendar year.
Who is Philippines largest trading partner?
Yearly Trade
The most common destination for the exports of Philippines are United States ($15.5B), China ($15.3B), Hong Kong ($12.6B), Japan ($11.3B), and Singapore ($7.07B).
What are the top 3 trading partners?
The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion).
Who are the three biggest trading partners of ASEAN?
| Rank | Country/District | Trade Balance |
|---|---|---|
| - | World | 55.0 |
| 1 | China | −107.6 |
| 2 | United States | 145.9 |
| 3 | European Union | 35.7 |
Who is India's largest trading partner in ASEAN?
The value of trade between India and the ASEAN region amounted to over 110 billion U.S. dollars in fiscal year 2022. The largest portion of this trade came from Singapore, valued at over 30 billion dollars that year.
Who does South Asia trade with?
| Exporter | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| China | 115,985 | 16.98 |
| United Arab Emirates | 52,580 | 7.70 |
| United States | 46,145 | 6.75 |
| Saudi Arabia | 31,916 | 4.67 |
Who is Mexico's biggest trading partner?
The United States is Mexico's most important trading partner, and U.S.-based companies account for more than half of Mexico's foreign investment.
Who is the U.S. top trading partner?
| Country | U.S. trade - goods (2022) | |
|---|---|---|
| 1 | EU | $904.1B |
| 2 | Canada | $793.1B |
| 3 | Mexico | $779.1B |
| 4 | China | $690.3B |
Who is Africa's largest trading partner?
While the EU is Africa's biggest trading partner, followed by China and then intra-African trade, the researchers also examined Africa's trade with the US, UK and emerging economies such as India, Brazil and Turkey.
Who are Pakistan's trading partners?
Yearly Trade
The most common import partners for Pakistan are China ($21B), United Arab Emirates ($5.8B), Indonesia ($4.55B), Saudi Arabia ($4.5B), and Kuwait ($3.97B).
Who is India's 4 largest trading partner?
| Rank | Country | Share of overall exports |
|---|---|---|
| 1 | United States | 17.45% |
| 2 | United Arab Emirates | 7.03% |
| 3 | Netherlands | 4.53% |
| 4 | China | 3.33% |
What does India import from USA?
| India Imports from United States | Value | Year |
|---|---|---|
| Aircraft, spacecraft | $375.33M | 2022 |
| Copper | $355.68M | 2022 |
| Inorganic chemicals, precious metal compound, isotope | $333.61M | 2022 |
| Fertilizers | $277.59M | 2022 |
Who is Malaysia's largest trading partner?
In 2022, China remained as Malaysia's largest trading partner for 14 consecutive years with 17.1% share of Malaysia's total trade, expanding by 15.6% to RM487. 13 billion compared to 2021.
Who are Malaysia biggest trading partners?
In 2023, Malaysia's major trading partners were ASEAN, China, the US, the European Union (EU) and Japan, representing 67.7 per cent share of Malaysia's total trade. China continued to be Malaysia's largest trading partner for 15 consecutive years since 2009, taking up 17.1 per cent share of Malaysia's total trade.
Who is the top trading partner of Malaysia?
China – Largest Trading Partner for 13 Consecutive Years
In 2021, China remained as Malaysia's largest trading partner for 13 consecutive years with 18.9% share of total trade, expanding by 27% to RM421.
What does the US sell to China?
Soybeans were the nation's top export to China in 2022 — in fact, the US exported nearly twice as much value in soybeans as it did any other product. The legumes were 11.6% of overall US exports to China.
Who are China's trading partners?
In 2021, China major trading partner countries for exports were United States, Hong Kong, China, Japan, Korea, Rep. and Vietnam and for imports they were Other Asia, nes, Korea, Rep., Japan, United States and Australia.
What does the US import from China?
| United States Imports from China | Value | Year |
|---|---|---|
| Electrical, electronic equipment | $126.68B | 2023 |
| Machinery, nuclear reactors, boilers | $85.89B | 2023 |
| Toys, games, sports requisites | $33.39B | 2023 |
| Furniture, lighting signs, prefabricated buildings | $20.29B | 2023 |
Which country has the biggest economy in ASEAN?
Indonesia, which is already ASEAN's largest economy, will become one of the world's leading emerging markets over the next decade, with the size of its GDP forecast to rise from USD 1.3 trillion in 2022 to USD 4.1 trillion by 2035.
What is the biggest export of ASEAN?
Total Trade
During the last five reported years the exports of ASEAN have changed by $555B from $1.43T in 2017 to $1.98T in 2022. The most recent exports are led by Integrated Circuits ($225B), Refined Petroleum ($120B), Broadcasting Equipment ($86.2B), Office Machine Parts ($59.3B), and Coal Briquettes ($55.4B).
What is the biggest economy in ASEAN?
A member of the G20, Indonesia's GDP stands at US$1 trillion, the largest in the region.
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