China—ASEAN Trade Volume Hits Record High

Trade volume between China and ASEAN countries hit a record high in 2017， according to the Ministry of Commerce of China.

Bilateral trade totaled US$514.8 billion last year， up 13.8 percent year on year， the fastest growth pace between China and any of its major trading partners.

China's exports to ASEAN countries reached US$279.1 billion in 2017， up 9 percent year on year， while imports grew 20 percent year on year to stand at US$235.7 billion.

China registered a trade surplus of US$43.4 billion with ASEAN countries， narrowing by 27.4 percent from 2016.

Vietnam， Malaysia and Thailand were China's top trading partners in the region last year. Vietnam was China's biggest export destination while China imported more goods from Malaysia than other ASEAN countries.

China saw robust foreign trade in 2017， which ended the drops of the previous two years by gaining 14.2 percent year on year.