Which Countries Have the Most Economic Influence in Southeast Asia?

Countries With the Most Economic Influence in Southeast Asia

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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 regionโ€™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 Laosโ€™ largest foreign investor as well as its top export market.

Country ๐Ÿ‡จ๐Ÿ‡ณ China ๐ŸŒ ASEAN ๐Ÿ‡บ๐Ÿ‡ธ U.S.
๐Ÿ‡ง๐Ÿ‡ณ Brunei 64% 18% 8%
๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia 60% 11% 20%
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia 54% 28% 8%
๐Ÿ‡ฑ๐Ÿ‡ฆ Laos 78% 8% 8%
๐Ÿ‡ฒ๐Ÿ‡พ Malaysia 67% 17% 9%
๐Ÿ‡ฒ๐Ÿ‡ฒ Myanmar 60% 7% 20%
๐Ÿ‡ต๐Ÿ‡ญ Philippines 31% 26% 28%
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore 60% 15% 21%
๐Ÿ‡น๐Ÿ‡ญ Thailand 71% 9% 11%
๐Ÿ‡ป๐Ÿ‡ณ 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 Japanโ€™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 โ€œdialogue partners.โ€

Country ๐Ÿ‡ฏ๐Ÿ‡ต Japan ๐Ÿ‡ช๐Ÿ‡บ EU ๐ŸŒ Other
๐Ÿ‡ง๐Ÿ‡ณ Brunei 3% 1% 7%
๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia 1% 5% 3%
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia 5% 1% 3%
๐Ÿ‡ฑ๐Ÿ‡ฆ Laos 1% 4% 1%
๐Ÿ‡ฒ๐Ÿ‡พ Malaysia 4% 0% 2%
๐Ÿ‡ฒ๐Ÿ‡ฒ Myanmar 6% 6% 2%
๐Ÿ‡ต๐Ÿ‡ญ Philippines 9% 4% 3%
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore 3% 0% 2%
๐Ÿ‡น๐Ÿ‡ญ Thailand 3% 4% 4%
๐Ÿ‡ป๐Ÿ‡ณ 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 Chinaโ€™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 countriesโ€™ strong trade ties with China.

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