ASEAN-China trade projected to surpass 1 trillion USD in 2025

ASEAN is China’s largest regional trading partner, with close to 1 trillion USD, Indonesian Ambassador to China Djauhari Oratmangun said, hoping the figure to surpass 1 trillion USD by the end of the year.

A cargo port in Tianjin, China. (Photo: Xinhua/VNA)
A cargo port in Tianjin, China. (Photo: Xinhua/VNA)

Jakarta (VNA) – Two-way trade between the Association of Southeast Asian Nations (ASEAN) and China is on track to exceed 1 trillion USD in 2025, according to an Indonesian diplomat.

ASEAN is China’s largest regional trading partner, with close to 1 trillion USD, Indonesian Ambassador to China Djauhari Oratmangun said, hoping the figure to surpass 1 trillion USD by the end of the year.

As reported by the Indonesian daily online English-language newspaper Jakarta Globe, Djauhari’s statement came not long after ASEAN upgraded its trade accord with China.

This new version of the ASEAN-China Free Trade Area grants greater inclusivity for small enterprises, a major boon for Southeast Asia, as businesses of this size have been the backbone of its economy.

ASEAN’s export-import activities with China have been gaining speed over the past decades. In 2024, bilateral trade amounted to nearly 7 trillion CNY (approximately 989.9 billion USD), the Chinese customs data showed. The figures only reached approximately 870 billion CNY in 2004./.

VNA

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