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Monday, January 29, 2018, 14:44
Record high China-ASEAN trade volume in 2017
By Xinhua
Monday, January 29, 2018, 14:44 By Xinhua

Chinese Premier Li Keqiang, fifth left, and leaders of the Association of Southeast Asian Nations (ASEAN) member countries pose for group photos before the 20th China-ASEAN (10+1) leaders' meeting in Manila, the Philippines, Nov 13, 2017. (LIU WEIBING / XINHUA)

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

Bilateral trade totaled US$514.8 billion last year, up 13.8 percent year on year

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.

READ MORE: China-ASEAN ties forge ahead for common prosperity 

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.

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