The aim of this study is to analyze the impact of foreign direct investment on exports in ASEAN nations by employing both static and dynamic panel data models. This research incorporates panel data from ten ASEAN member states, namely Brunei, Cambodia, Indonesia, Lao, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The study period spans from 2000 to 2022. In this study, three distinct approaches for panel data models have been employed. These include the generalized least square (GLS) method without a lag dependent variable, the fixed effect model with a lag dependent variable, and the two-step generalized method of moment (GMM) dynamic panel data model. Each of these models incorporates two control variables, namely gross domestic product (GDP) and foreign exchange (FX) rate. The static panel data analysis reveals that both the net inflow of FDI and GDP have a positive and significant impact on exports. However, it is observed that FX does not have a significant influence on exports. On the other hand, when considering the dynamic panel data estimator methods, it is found that FDI and GDP have a positive and significant impact on exports, while exports are negatively influenced by FX and lag dependent variables. The empirical findings of this study highlight that the net inflow of FDI plays a crucial role in enhancing the export capabilities of ASEAN countries.