[PRINT] Asean ranks fifth in US imports

 

 

By SHYAFIQ DZULKIFLI 

PETALING JAYA: Asean is the fifth biggest exporter of goods to the US, behind the European Union, Mexico, China and Canada, according to data from the International Trade Centre (ITC). 

Figures from the ITC Trade Map showed that Asean’s 10-member countries exported a total of US$358.56bil worth of goods to America last year. 

Exports from Asean made up 10.67% of the US’ total imports of US$3.36tril. 

The US Trade Representative website meanwhile cites a lower figure for Asean’s exports to the US, which it said stood at US$352.3bil last year.

It said that goods imports from Asean to the US went up by 13.3% last year compared to 2023.

Asean shipped US$109.13bil worth of electrical machinery and equipment to the US last year, making it the region’s main export to America.

Industrial machinery, mechanical appliance and components were the second biggest category of US imports from Asean valued at US$62.92bil.

Furniture, bedding, mattresses, mattress supports and cushions were third at US$20.99bil.

Vietnam was the top exporter to the US last year, shipping goods worth US$142.48bil last year.

Thailand was second at US$66.01bil, while Malaysia was third.

Prime Minister Datuk Seri Anwar Ibrahim told a special Dewan Rakyat sitting on May 5 that Malaysia’s exports to the US stood at RM199bil in 2024.

Anwar said that exports to the US made up 13% of Malaysia’s total exports.

Read this story online at TheStar.com.my for more details on Asean’s US exports.

 

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