This EUR 11.7 billion increase equates to an average annual growth rate of 5.3 %.
In other words, the EU is considered as a single trading entity and trade flows are measured into and out of the area, but not within it. 0000000016 00000 n ASEAN Statistical Yearbook 2019 continues to provide accurate, timely, and reliable historical data on social and economic progress in the region. Manufactured goods dominated EU trade with ASEAN partners in 2019, with 84 % of total exports and 87 % of total imports. Singapore is the largest export destination for EU exports of goods and also had the largest increase in exports from EUR 17.4 billion in 2009 to EUR 29.1 billion in 2019. Among the smaller countries, Cambodia (22.4 %), Myanmar (21.5 %) and Brunei (13.3 %) also had double-digit growth rates, as shown in Figure 5b.
This share was highest in Malta where 14.9 % of extra-EU exports was destined for ASEAN countries. Project Description. Click on the Cover Book Image to download this eBook. Sources: Trade: UNCTAD International Trade Database (April 2019); FDI: UNCTAD World Investment Report (June 2019); ASEAN Figures: ASEAN Secretariat (May 2019). Trade promotion activities. With the exception of Brunei (0.3 billion) and Singapore (+ 11.1 billion), the EU had trade deficits with all ASEAN countries.
982 32 Germany was the largest EU exporter of goods to ASEAN countries in 2019, with €28 billion while the Netherlands was the largest importer of goods from ASEAN countries with a value of €30 billion. The declining share for manufactured goods was caused by the decline in the share of machinery and vehicles from 54 % in 2009 to 48 % in 2019. hŞÔ—kLSWÀÿ÷Şòº"»-3¥-”‡^-|aA…¹«Èfu£€8ZT&ºòPëp]–LÌf In other words, the EU is considered as a single trading entity and trade flows are measured into and out of the area, but not within it. EU-27 trade with ASEAN countries continues to be in deficitManufactured goods dominate trade with ASEAN partnersSingapore largest ASEAN destination for EU exports of goodsVietnam largest ASEAN partner for EU imports of goodsGermany largest trade in goods partner for ASEAN countries It thereby surpassed the imports from Indonesia, Thailand, Malaysia and Singapore whose average annual growth rates varied between 3.3 % and 6.2 %. Among the smaller countries, Cambodia (22.4 %), Myanmar (21.5 %) and Brunei (13.3 %) also had double-digit growth rates, as shown in Figure 5b. EU-27 trade with ASEAN countries continues to be in deficitManufactured goods dominate trade with ASEAN partnersSingapore largest ASEAN destination for EU exports of goodsVietnam largest ASEAN partner for EU imports of goodsGermany largest trade in goods partner for ASEAN countries In 2019 total trade (exports + imports) of the largest two trade partners Singapore (EUR 47 billion) and Vietnam (46 billion) were quite close.
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