
When we concentrate on International merchandise trade data, ASEAN as an entity registered total exports of US $12, 42, 286 millions. Singapore again manage to top the charts by representing almost one third of the total exports whereas Laos stayed at the bottom of the list with exports as low as US $1746 millions. In terms of Imports, ASEAN in aggregate registered imports worth US $11, 46, 305 millions, out of which a larger share came from Singapore with aggregate imports worth US $365, 709 millions which is again approximately 1/3rd of the total imports. These facts signify how important Singapore is in ASEAN. There are nations like Laos, The Philippines, Thailand and Vietnam who also carried a burden of trade deficit.
You might like reading:

Why Facebook will lose out in the long run?- Part I
Facebook, the world’s most popular social network, has recently eclipsed Amazon.com in terms of market capitalization. For a company that was started hardly a decade back, that is quite an achievement. Facebook today has over 1 billion registered users, making it the third most populous nation after China and India and it continues to grow at a significant rate. However […]

MODI Government: Has there been any real growth?
“The India story is still intact but its economy has so many ingrained structural problems that it cannot be fixed overnight, and policies will take time to come to fruition” – Phillip Uglow, chief economist, MNI indicators After the landside victory of NDA, expectations from the new government were very high. Modi has raised a lot of hopes and made […]