Leading categories include: sugars, sweeteners, beverages bases ($3.4 billion), vegetable oils ($1.8 billion), tree nuts ($1.3 billion), processed fruit and vegetables ($827 million), and rice ($725 million). total imports (general definition) of agricultural products from ASEAN totaled $12.6 billion in 2020. The top import categories (2-digit HS) in 2020 were: electrical machinery ($72.9 billion), machinery ($29.9 billion), furniture and bedding ($15.0 billion), knit apparel ($12.3 billion), and rubber ($9.6 billion).The top import markets in the region for 2020 were: Vietnam ($79.6 billion), Malaysia $44.1 billion), Thailand ($37.6 billion), Singapore ($30.8 billion), and Indonesia ($20.2 billion).imports from ASEAN account for 9.9 percent of overall U.S. goods imports from ASEAN totaled $231.3 billion in 2020, up 12.3 percent ($25.4 billion) from 2019, and up 115 percent from 2010. to ASEAN were in the research and development services, professional and management services, and intellectual property (licenses for the use of research and development) sectors. exports of services to ASEAN were an estimated $35.5 billion in 2020, 13.2 percent ($5.4 billion) less than 2019, but 77 percent greater than 2010 levels. Leading domestic export categories include: soybeans ($2.2 billion), cotton ($1.6 billion), wheat ($1.5 billion), dairy products ($1.3 billion), and soybean meal ($1.2 billion). total exports (domestic exports plus re-exports) of agricultural products to ASEAN totaled $13.6 billion in 2020. The top export categories (2-digit HS) in 2020 were: electrical machinery ($15.0 billion), machinery ($9.2 billion), mineral fuels ($5.8 billion), optical and medical instruments ($5.2 billion), and aircraft ($5.2 billion).The top export markets in the region for 2020 were: Singapore ($26.9 billion), Malaysia ($12.3 billion), Thailand ($11.3 billion), Vietnam ($9.9 billion), and Philippines ($7.7.exports to ASEAN account for 5.4 percent of overall U.S. goods exports to ASEAN in 2020 were $76.4 billion, down 11.2 percent ($9.7 billion) from 2019 but up 8 percent from 2010. exports of goods and services to ASEAN supported an estimated 656 thousand jobs in 2019 (latest data available) (358 thousand supported by goods exports and 299 thousand supported by services exports). services trade surplus with ASEAN was $16.6 billion in 2020.Īccording to the Department of Commerce, U.S. Services exports were $35.5 billion services imports were $19.0 billion. ![]() Trade in services with ASEAN (exports and imports) totaled an estimated $54.5 billion in 2020. goods trade deficit with ASEAN was $154.9 billion in 2020. ![]() Goods exports totaled $76.4 billion goods imports totaled $231.3 billion. Goods trade (exports plus imports) with ASEAN totaled $307.7 billion in 2020. goods and services trade deficit with ASEAN was $138.4 billion in 2020. Exports were $111.9 billion imports were $250.3 billion. goods and services trade with ASEAN totaled an estimated $362.2 billion in 2020. The United States and ASEAN meet regularly on trade and investment issues, including under our 2006 Trade and Investment Framework Agreement. These countries - Brunei Darussalam, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam - collectively the United States’ fourth-largest goods trading partner and together represent a market with a GDP of more than $3 trillion and a population of 667 million people. ![]() ![]() The United States has a robust trade and investment relationship with the ten countries that comprise the Association of Southeast Asian Nations (ASEAN).
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