Table 5  Balance of Trade by Major Trading Partners: November 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               9,031.85  5,084.34  3,947.50 (1,136.84)

 1 United States Of America  1/     1,451.61    708.26    743.35     35.09
 2 Japan  2/                        1,256.93    664.71    592.22    (72.50)
 3 China, People's Republic of        804.06    367.30    436.76     69.46
 4 Singapore                          703.69    459.72    243.98   (215.74)
 5 Hong Kong                          611.07    216.70    394.37    177.67
 6 Taiwan                             448.62    350.17     98.45   (251.72)
 7 Korea, Republic of                 437.46    305.65    131.82   (173.83)
 8 Saudi Arabia                       433.37    427.70      5.67   (422.03)
 9 Malaysia  3/                       422.63    230.60    192.03    (38.58)
10 Thailand                           388.36    242.64    145.72    (96.92)
11 Netherlands                        342.79     33.67    309.13    275.46
12 Germany                            257.74     84.99    172.75     87.76
13 Indonesia                          168.75    112.66     56.09    (56.57)
14 United Arab Emirates               123.68    105.39     18.29    (87.10)

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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:  January 25, 2008
Related press release | Foreign trade statistics index