Exports to the Association of Southeast Asia Nations have been growing.
The 10-member bloc surpassed the European Union during the pandemic to become China's largest trading partner on a regional basis.
Data showed that exports to Southeast Asia fell by 16% in May compared to a year ago, dragging down China's overall exports.
Exports to the U.S. — China's largest trading partner on a single-country basis — fell by 18% from a year ago in U.S. dollar terms in May.
At $42.48 billion, the U.S. exports in May were more than the $41.49 billion China exported to Southeast Asia that month, according to customs data.
Persons:
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Organizations:
Association of Southeast Asia Nations, Union, Exports, —, ASEAN
Locations:
China's, Indonesia, BEIJING, China, Southeast Asia, U.S, Asia, JLL, Brunei, Cambodia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam, The U.S