China–ASEAN Trade Nears $1,05 Trillion as Surplus Hits $278 Billion

China and Hong Kong investment in Thailand hit $922 million in 2025, approvals up 125% to $6.27 billion, $2.08 billion to EEC
Containers at the Laem Chabang deep-sea port in Chon Buri province, Thailand, on June 25, 2024. (Photo by Nutthawat Wichieanbut / Bangkok Post / Bangkok Post via AFP)

China and ASEAN are set to pass the trade threshold in 2025, with nearly $1.05 trillion in goods. That would leave China with a surplus that swells past $278 billion, a big step up from 2024.

Vietnam, Thailand, Singapore, the Philippines, Malaysia, and Indonesia are fueling the imbalance.

  • Get a daily email packed with the latest news and analysis from Africa, Asia, and across the Global South.
  • Read exclusive insights on the key trends shaping China’s relations across the Global South.
  • Full access to the News Feed that provides daily updates on Chinese engagement in the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

Detected IP: ...