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 & Investment Summary
U.S. goods trade with ASEAN totaled an estimated $476.8 billion in 2024. U.S. goods exports to ASEAN in 2024 were $124.6 billion, up 16.6 percent ($17.8 billion) from 2023. U.S. goods imports from ASEAN totaled $352.3 billion in 2024, up 13.3 percent ($41.4 billion) from 2023. The U.S. goods trade deficit with ASEAN was $227.7 billion in 2024, a 11.6 percent increase ($23.6 billion) over 2023.
