Table 5  Balance of Trade by Major Trading Partners: March 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              9,014.05  4,566.52  4,447.54   (118.98)

 1 United States Of America  1/     1,481.55    805.77    675.78   (129.99)
 2 Japan  2/                        1,159.11    560.68    598.43     37.75
 3 Hong Kong                          808.13    154.23    653.89    499.66
 4 China, People's Republic of        800.48    315.60    484.89    169.29
 5 Singapore                          763.90    535.57    228.33   (307.25)
 6 Taiwan                             515.22    291.08    224.14    (66.94)
 7 Korea, Republic of                 489.47    299.53    189.94   (109.59)
 8 Netherlands                        409.54     51.65    357.89    306.23
 9 Germany                            356.62    156.79    199.83     43.03
10 Malaysia  3/                       353.65    145.27    208.38     63.11
11 Thailand                           290.64    165.95    124.70    (41.25)
12 United Arab Emirates               213.39    197.18     16.21   (180.97)
13 Ireland                            183.37    173.09     10.28   (162.80)
14 Indonesia                          137.89     99.45     38.44    (61.01)

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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:  May 25, 2007
Related press release | Foreign trade statistics index