Table 5  Balance of Trade by Major Trading Partners: January 2007
         (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             7,701.56  3,714.62  3,986.94     272.31

 1 United States Of America  1/     1,251.08    555.52    695.56     140.03
 2 Japan  2/                        1,038.40    431.53    606.87     175.34
 3 Singapore                          777.48    509.86    267.63    (242.23)
 4 China, People's Republic of        773.84    277.29    496.55     219.26
 5 Hong Kong                          625.57    168.31    457.26     288.94
 6 Taiwan                             467.84    293.13    174.71    (118.41)
 7 Malaysia  3/                       366.95    171.81    195.13      23.32
 8 Korea, Republic of                 350.26    235.81    114.45    (121.35)
 9 Netherlands                        316.69     31.88    284.81     252.93
10 Germany                            278.38    118.19    160.19      41.99
11 Thailand                           253.52    134.80    118.71     (16.09)
12 Ireland                            147.24    142.27      4.97    (137.30)
13 Indonesia                          124.88     95.65     29.24     (66.41)
14 Saudi Arabia                       112.31    108.83      3.48    (105.35)

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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:  March 27, 2007
Related press release | Foreign trade statistics index