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Brief Status of China-ASEAN Economic and Trade Cooperation in 2021
2022-01-29 16:07

1. Bilateral trade

In 2021, the trade volume of goods between China and ASEAN was US$878.2 billion, reaching a year-on-year increase of 28.1%. Among them, China's exports to ASEAN were US$483.69 billion, reaching a year-on-year increase of 26.1%; imports from ASEAN were US$394.51 billion, reaching a year-on-year increase of 30.8%. ASEAN has become China's largest trading partner for the second consecutive year. Vietnam, Malaysia and Thailand are China's top three trading partners in ASEAN.

2. Investment in ASEAN

According to preliminary statistics, in 2021, thedirectinvestment in all industries from China to ASEAN was US$14.35 billion.The top three  destination countries for investmentare Singapore, Indonesia and Malaysia.

3. Investment in China

In 2021, ASEAN's actual investment in ChinawasUS$10.58 billion, of which the top threecountries oforiginforinvestmentare Singapore, Thailand and Malaysia.

4. Project contracting

In 2021, the value of newly signed project contracting contracts by Chinese enterprises in ASEAN was US$60.64 billion, and the completed turnover was US$32.69 billion. In terms of newly signed contracts, Indonesia, the Philippines and Malaysia are China's top three project contracting markets in ASEAN.

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