Individual ASEAN member states’ trade relations with the EU differ considerably. Within ASEAN, Malaysia, Singapore, Thailand and Vietnam were the EU’s main export and import partners for goods in 2019, accounting together for around 78 % of total EU exports and 76.3 % of total EU imports. While Singapore held the highest share of EU exports, Vietnam was the biggest exporter to the EU. Brunei, Cambodia, Laos and Myanmar/Burma collectively represented only 2.3 % of total EU exports and 6.1 % of total EU imports. For trade in services, the top five ASEAN partners in 2017 were Singapore, Thailand, Malaysia, Indonesia and the Philippines, with more than 93 % of the EU’s ASEAN trade in services. Finally, in 2017, Singapore was the location of 69.1 % of EU outward FDI stock in ASEAN countries, and was also the largest ASEAN investor in that year, with stock registering €117.3 billion. Overall, Singapore is the EU’s largest trading partner within ASEAN.
Share of ASEAN member states within EU total exports to and imports from ASEAN (goods)
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