Core Insights - China's import and export trade with ASEAN reached 4.93 trillion yuan in the first eight months of this year, marking a year-on-year growth of 9.7%, the highest historical level for the same period, accounting for 16.7% of China's total import and export value [1] - The trade volume between China and ASEAN has increased from over 870 billion yuan in 2004 to nearly 7 trillion yuan in 2024, representing a sevenfold increase and maintaining growth for nine consecutive years [1] Agricultural Cooperation - Agricultural cooperation between China and ASEAN continues to deepen, with increasing market openness facilitating the release of complementary advantages in agricultural trade [1] - ASEAN has remained China's largest trading partner for agricultural products for eight consecutive years, with imports and exports of agricultural products amounting to 290.6 billion yuan in the first eight months of this year, a year-on-year increase of 9.7%, accounting for 20.1% of China's total agricultural import and export value [1] - ASEAN is the primary source of imports for China's dried and fresh fruits, edible oils, cassava, and cassava starch [1] Manufacturing Cooperation - The cooperation in the manufacturing sector between China and ASEAN is becoming increasingly close, driving rapid growth in related product imports and exports [1] - In the first eight months of this year, over 90% of China's imports and exports with ASEAN were manufacturing products, with exports of machine tools and auto parts increasing by 56.1% and 22%, respectively [1] - Imports from ASEAN of computer components and printed circuit boards grew by 47.4% and 22.2%, respectively [1]

Core Insights - In the first eight months of this year, China's trade with ASEAN reached a record high of 4.93 trillion yuan, marking a year-on-year increase of 9.7% and accounting for 16.7% of China's total trade value during the same period [1][2] - China and ASEAN have been each other's largest trading partners for five consecutive years, with trade volume increasing from over 870 billion yuan in 2004 to nearly 7 trillion yuan in 2024, representing a sevenfold growth [1] - ASEAN has maintained its position as China's largest trading partner for agricultural products for eight consecutive years, with agricultural trade between China and ASEAN reaching 290.6 billion yuan in the first eight months, also up by 9.7% [1] Trade Dynamics - The manufacturing cooperation between China and ASEAN is increasingly close, with over 90% of the trade in manufacturing products. Exports of machine tools and auto parts from China to ASEAN grew by 56.1% and 22% respectively, while imports of computer components and printed circuits from ASEAN increased by 47.4% and 22.2% [2] - The China-ASEAN Free Trade Area is advancing towards version 3.0, which will further expand cooperation areas and promote deep integration of regional supply chains and economic development [2]