Table 5  Balance of Trade by Major Trading Partners: December 2006
         (F.O.B. Value in Million U.S. Dollars)

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                                                                   Balance
    Country                      Total Trade   Imports   Exports        of
                                                                     Trade
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                 Total              7,846.12  4,156.65  3,689.46   (467.19)

 1 United States Of America  1/     1,416.35    742.01    674.34    (67.66)
 2 Japan  2/                        1,123.78    589.26    534.52    (54.73)
 3 China, People's Republic of        769.41    312.81    456.60    143.78
 4 Singapore                          604.31    359.47    244.84   (114.63)
 5 Taiwan                             463.87    308.42    155.45   (152.97)
 6 Hong Kong                          461.76    165.98    295.79    129.81
 7 Malaysia  3/                       363.04    144.95    218.09     73.14
 8 Netherlands                        348.15     34.14    314.01    279.88
 9 Korea, Republic of                 332.66    235.33     97.34   (137.99)
10 Germany                            270.82    126.23    144.59     18.36
11 Saudi Arabia                       260.66    256.55      4.11   (252.45)
12 Thailand                           258.60    170.86     87.74    (83.12)
13 Indonesia                          119.22     86.34     32.88    (53.46)
14 Ireland                            117.73    113.05      4.69   (108.36)

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

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

Page last updated:  February 27, 2007
Related press release | Foreign trade statistics index