ASEAN FDI is still finance-heavy at $92bn, while manufacturing more than doubled to $44bn. The US was the largest source in 2024 at $42bn.
Top five industries are 87% of inflows; finance plus manufacturing are about 60%. Singapore absorbs about 63.5% as a hub. Full AMS×sector and host×sector matrices are gaps.
What the comparison shows
Finance remains the largest industry, while manufacturing more than doubled. The US is the largest 2024 source at US$42bn / 18.6%.
Key findings from this pack
- Finance remains the largest industry, while manufacturing more than doubled. The US is the largest 2024 source at US$42bn / 18.6%.
- Singapore’s share describes hub receipt, not an observed US-to-Singapore route or final destination. Partial host-sector coverage cannot establish a complete national ranking.
- Read source, year and as_of; gaps are not zeros.
The evidence: ASEAN industries and sources
AIR regional flows; host-by-sector coverage remains partial. Values retain their individual years; missing observations are shown as —.
ASEAN industry inflows
BoP FDI · US$ billion. AIR reports manufacturing growth of 147% and finance decline of 32%; these rates use unrounded figures. Top five industries: 87% of inflows; finance plus manufacturing: about 60%.
Top sources · 2024
EU is an overlapping aggregate. Total and EU rows are not additional source countries to sum.
Host-by-sector coverage
A full AMS × sector matrix is missing. Philippines, Thailand and Vietnam manufacturing and ICT dollar cells are gaps; Timor-Leste is outside AIR recipient tables. No country sector amounts are inferred from regional totals.
| Recipient / industry | US$ bn | Provenance |
|---|---|---|
| IDN / Manufacturing | 12 | ASEAN Investment Report 2025 (ASEAN Secretariat / UNCTAD) · year 2024 · as_of 2026-09-15 |
| IDN / Wholesale and retail trade | 2.6 | ASEAN Investment Report 2025 (ASEAN Secretariat / UNCTAD) · year 2024 · as_of 2026-09-15 |
| IDN / Healthcare | 2.2 | ASEAN Investment Report 2025 (ASEAN Secretariat / UNCTAD) · year 2024 · as_of 2026-09-15 |
| IDN / Mining | 1.3 | ASEAN Investment Report 2025 (ASEAN Secretariat / UNCTAD) · year 2024 · as_of 2026-09-15 |
| MYS / Information and communication | 5.8 | ASEAN Investment Report 2025 (ASEAN Secretariat / UNCTAD) · year 2024 · as_of 2026-09-15 |
| KHM / Manufacturing | 2.3 | ASEAN Investment Report 2025 (ASEAN Secretariat / UNCTAD) · year 2024 · as_of 2026-09-15 |
How to interpret the findings
Singapore’s share describes hub receipt, not an observed US-to-Singapore route or final destination. Partial host-sector coverage cannot establish a complete national ranking.
Coverage and context
Read row years and coverage notes; missing observations are not zero.
The table is a comparison of observations, not a combined ranking. The topic guide includes the wider SEA-11 coverage, interactive charts and full methodology.
Open fdi by sector & source →All sources and observation years
S1 · ASEAN Investment Report 2025 (ASEAN Secretariat / UNCTAD) · year 2024 · as_of 2026-09-15
S2 · See pack coverage notes · year unavailable · as_of not supplied
S3 · ASEANstats / AIR 2025 · year 2024 · as_of 2026-09-15
Cite this page
ASEAN in Data (2026). ASEAN FDI is still finance-heavy at $92bn, while manufacturing more than doubled to $44bn. The US was the largest source in 2024 at $42bn. /insights/fdi-sector-map