Asean ranks fourth in US import source
By SHYAFIQ DZULKIFLI PETALING JAYA: Asean was ranked as the fourth-largest source of American imports, with the region supplying US$358.56bil worth of goods to the United States in 2024, according to the International Trade Centre (ITC). Data from the ITC’s Trade Map showed that exports from Asean made up 10.67% of the United States’ total import value of US$3.36 trillion last year. Mexico topped the list as the largest source of US imports at US$509.99bil, followed by China (US$462.64bil) and Canada (US$422.17bil). Vietnam was Asean’s largest exporter to the US, delivering goods valued at US$142.48 bil. Thailand followed with US$66.01bil, while Malaysia came in third with US$53.85bil in exports. The most in-demand products from Asean included electrical machinery and equipment (US$109.13bil), industrial machinery and mechanical components (US$62.92bil), and furniture-related products like bedding and cushions (US$20.99bil). Malaysia’s export to the US were heavily concent...