TABLE 4  Philippine Major Trading Partners: 2007
         (F.O.B. Value in Million U.S. Dollars)

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                                     Total Trade          Exports to        Imports from   Balance of Trade
Country                           Value  Percent      Value  Percent      Value  Percent       Favorable  +
                                           Share               Share               Share     Unfavorable (-)
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Total                        105,979.47    100.0  50,465.72    100.0  55,513.74    100.0          (5,048.02)

Total of top ten countries    81,886.76     77.3  42,406.51     84.0  39,480.25     71.1           2,926.26

United States of America 1    16,429.31     15.5   8,593.85     17.0   7,835.46     14.1             758.39
Japan 2                       14,145.69     13.3   7,304.15     14.5   6,841.54     12.3             462.61
People's Republic of China     9,751.10      9.2   5,749.86     11.4   4,001.23      7.2           1,748.63
Singapore                      9,357.57      8.8   3,138.69      6.2   6,218.88     11.2          (3,080.18)
Hong Kong                      8,022.18      7.6   5,803.52     11.5   2,218.66      4.0           3,584.86
Taiwan                         6,034.97      5.7   1,973.44      3.9   4,061.53      7.3          (2,088.08)
Republic of Korea              5,061.96      4.8   1,783.73      3.5   3,278.23      5.9          (1,494.49)
Malaysia 3                     4,789.92      4.5   2,506.70      5.0   2,283.22      4.1             223.49
Netherlands                    4,613.69      4.4   4,149.52      8.2     464.16      0.8           3,685.36
Thailand                       3,680.38      3.5   1,403.03      2.8   2,277.35      4.1            (874.32)
Others                        24,092.71     22.7   8,059.22     16.0  16,033.49     28.9          (7,974.28)

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Notes:
  1 Includes Alaska and Hawaii
  2 Includes Okinawa
  2 Includes Sabah and Sarawak
  Components may not add up to total due to rounding.

Source:  Foreign Trade Statistics Section
         Industry and Trade Statistics Department
         National Statistics Office
         Republic of the Philippines

Page last updated:  June 12, 2008