Amidst the Trade War: US Trade with ASEAN in 2024

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Viva Budy Kusnandar 17/02/2025 12:11 WIB

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A trade war is underway, with the US recording trade deficits with nine ASEAN countries.

Total U.S. Trade Value with 10 ASEAN Countries (2024)

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Amidst the Trade War: US Trade with ASEAN in 2024

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Total U.S. Trade Value with 10 ASEAN Countries (2024)

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The US trade war with its partners is intensifying. President Trump's tariff hikes have been met with immediate retaliation from China.

This situation will affect global trade, impacting trade in Southeast Asia (ASEAN), including Indonesia.

According to UN Comtrade data, Indonesia's trade with the US reached US$39.75 billion in 2024. This comprises US$29.55 billion in exports from Indonesia to the US and US$10.2 billion in imports. This resulted in a US$19.35 billion trade surplus for Indonesia.

In ASEAN, Indonesia's total trade with the US ranked fifth last year. Vietnam held the top spot, recording US$155.57 billion in trade with the US.

Following Vietnam were Singapore with US$89.57 billion; Thailand with US$83.73 billion; and Malaysia with US$81.5 billion.

Below Indonesia were the Philippines with US$39.75 billion; Cambodia with US$13.69 billion; Laos with US$0.89 billion; Myanmar with US$0.76 billion; and Brunei Darussalam with US$0.38 billion.

The US also recorded trade deficits with nine ASEAN countries and only a surplus with Singapore in 2024. The details are as follows:

1. US-Vietnam: US$29.38 billion deficit
2. US-Thailand: US$48.29 billion deficit
3. US-Malaysia: US$26.15 billion deficit
4. US-Indonesia: US$19.35 billion deficit
5. US-Cambodia: US$13.04 billion deficit
6. US-Philippines: US$5.30 billion deficit
7. US-Laos: US$0.81 billion deficit
8. US-Myanmar: US$0.61 billion deficit
9. US-Brunei: US$0.12 billion deficit
10. US-Singapore: US$2.46 billion surplus

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Amidst the Trade War: US Trade with ASEAN in 2024

Amidst the Trade War: US Trade with ASEAN in 2024

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