The United States has a robust trade and investment relationship with the ten countries that comprise the Association of Southeast Asian Nations (ASEAN). These countries -- Brunei Darussalam, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam -- together represent a market with a GDP of approximately $3.9 trillion and a population of 678 million people. The United States and ASEAN meet regularly on trade and investment issues, including under our 2006 Trade and Investment Framework Arrangement.
ASEAN Trade Summary
U.S. goods and services trade with ASEAN totaled an estimated $571.7 billion in 2024, up 13.4 percent ($67.6 billion) from 2023.
U.S. total goods trade (exports plus imports) with ASEAN was an estimated $475.6 billion in 2024. U.S. goods exports to ASEAN in 2024 were $123.5 billion, up 15.3 percent ($16.4 billion) from 2023. U.S. goods imports from ASEAN in 2024 totaled $352.1 billion, up 13.3 percent ($41.4 billion) from 2023. The U.S. goods trade deficit with ASEAN was $228.5 billion in 2024, a 12.3 percent increase ($25.0 billion) over 2023.
U.S. total services trade (exports plus imports) with ASEAN totaled an estimated $96.1 billion in 2024. U.S. services exports to ASEAN in 2024 were $61.0 billion, up 7.4 percent ($4.2 billion) from 2023. U.S. services imports from ASEAN in 2024 were $35.1 billion, up 19.1 percent ($5.6 billion) from 2023. The U.S. services trade surplus with ASEAN was $26.0 billion in 2024, a 5.1 percent decrease ($1.4 billion) over 2023.
