Which Countries Have the Most Economic Influence in Southeast Asia?

The New Diplomat
Writer

Ad

Israel, Hamas Greenlight First Phase of Trump’s Peace Plan

By Abiola Olawale Israel and Hamas have inked their approval on the inaugural phase of the United States President Donald Trump's Gaza peace initiative. The agreement, announced on Wednesday amid high-stakes indirect talks in Egypt, paves the way for an immediate ceasefire, the release of hostages, and a surge in humanitarian aid. This development is…

Where Extreme Poverty Rates Are Highest in the World

Key Takeaways Africa is home to 23 of the top 30 countries with the highest rates of extreme poverty. Kosovo ranks in 19th globally in 2024, seeing the highest rates outside of Africa—a country that faces high unemployment rates and ongoing conflict. The Democratic Republic of Congo (DRC) produces roughly three-quarters of the world’s cobalt, it…

Oil Prices Drop as Israel and Hamas Agree to Ceasefire

Oil prices fell in early morning trade on Thursday in Asia as Israel and Hamas agreed to a pause in fighting and a hostages-for-prisoners exchange, under a framework advanced by the Trump administration. Under the agreement, Hamas will release as many as 20 living hostages this weekend, and Israel will pull back forces to a negotiated…

Ad

By Marcus Lu

This chart visualizes the results of a 2024 survey conducted by the ASEAN Studies Centre at the ISEAS-Yusof Ishak Institute.

Nearly 2,000 respondents from 10 countries were asked to select which country/region they believe has the most influential economic power in Southeast Asia.

The countries surveyed are all member states of the Association of Southeast Asian Nations (ASEAN), a political and economic union of 10 countries in Southeast Asia.

Southeast Asia Perceptions: Who’s Got Economic Influence?

Across all ASEAN nations, China is regarded as the region’s most influential economic power.

Laos and Thailand had the highest share of respondents picking China, at 78% and 71% respectively. As the report points out, China is Laos’ largest foreign investor as well as its top export market.

Country 🇨🇳 China 🌏 ASEAN 🇺🇸 U.S.
🇧🇳 Brunei 64% 18% 8%
🇰🇭 Cambodia 60% 11% 20%
🇮🇩 Indonesia 54% 28% 8%
🇱🇦 Laos 78% 8% 8%
🇲🇾 Malaysia 67% 17% 9%
🇲🇲 Myanmar 60% 7% 20%
🇵🇭 Philippines 31% 26% 28%
🇸🇬 Singapore 60% 15% 21%
🇹🇭 Thailand 71% 9% 11%
🇻🇳 Vietnam 53% 29% 11%

Note: Percentages are rounded.

Other ASEAN countries usually score highly as well, along with the United States.

It’s only in the Philippines, where China (31%), the U.S. (28%) and ASEAN (26%) were perceived as having a similar amount of influence.

ASEAN, Japan, and the EU

Filipinos also rated Japan’s economic influence the highest (9%) compared to those surveyed in other ASEAN countries. In 2023, the Southeast Asian bloc celebrated 50 years of friendship with Japan, marking it as one of their most important “dialogue partners.”

Country 🇯🇵 Japan 🇪🇺 EU 🌐 Other
🇧🇳 Brunei 3% 1% 7%
🇰🇭 Cambodia 1% 5% 3%
🇮🇩 Indonesia 5% 1% 3%
🇱🇦 Laos 1% 4% 1%
🇲🇾 Malaysia 4% 0% 2%
🇲🇲 Myanmar 6% 6% 2%
🇵🇭 Philippines 9% 4% 3%
🇸🇬 Singapore 3% 0% 2%
🇹🇭 Thailand 3% 4% 4%
🇻🇳 Vietnam 3% 3% 2%

Note: Percentages are rounded. Other countries include: Australia, South Korea, India, and the UK.

The EU also received single-percentage responses, its highest share coming from Myanmar (6%), Cambodia (5%), and Laos (4%).

Finally, the report contrasted China’s robust economic influence with concerns about its growing impact in the region. Respondents from Vietnam (88%), Myanmar (88%), and Thailand (80%) had the highest levels of concern, despite their countries’ strong trade ties with China.

Source: Visual Capitalist 

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp