Table 5  Balance of Trade by Major Trading Partners: July 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               9,229.52  5,041.53  4,187.99   (853.54)

 1 United States Of America  1/     1,398.98    631.03    767.95    136.93
 2 Japan  2/                        1,203.57    567.56    636.01     68.44
 3 China, People's Republic of        875.76    383.93    491.83    107.89
 4 Singapore                          783.87    530.80    253.07   (277.73)
 5 Saudi Arabia                       568.86    561.98      6.88   (555.10)
 6 Hong Kong                          562.78    190.31    372.47    182.16
 7 Taiwan                             506.52    354.93    151.59   (203.34)
 8 Malaysia  3/                       416.65    187.04    229.62     42.58
 9 Korea, Republic of                 416.50    299.15    117.34   (181.81)
10 Netherlands                        378.84     39.75    339.09    299.34
11 Germany                            320.85    107.33    213.51    106.18
12 Thailand                           290.43    189.87    100.56    (89.31)
13 Vietnam                            164.93    130.30     34.63    (95.66)
14 Indonesia                          152.58     95.11     57.47    (37.64)

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