Table 5  Balance of Trade by Major Trading Partners: December 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               9,473.02  5,000.58  4,472.44    (528.14)

  1  United States Of America  1/   1,411.85    686.45    725.40      38.95
  2  Japan  2/                      1,296.25    656.63    639.61     (17.02)
  3  Singapore                        874.62    495.51    379.11    (116.40)
  4  China, People's Republic of      861.04    345.84    515.20     169.36
  5  Hong Kong                        678.22    190.22    488.00     297.78
  6  Korea, Republic of               501.08    329.21    171.88    (157.33)
  7  Malaysia  3/                     479.92    293.21    186.71    (106.50)
  8  Taiwan                           474.24    372.46    101.78    (270.67)
  9  Netherlands                      417.37     34.57    382.80     348.23
 10  Thailand                         319.55    197.38    122.17     (75.21)
 11  Germany                          277.56     89.40    188.17      98.77
 12  United Arab Emirates             266.73    242.23     24.50    (217.73)
 13  Saudi Arabia                     215.08    207.13      7.95    (199.18)
 14  Indonesia                        185.96    140.85     45.11     (95.74)

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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 26, 2008
Related press release | Foreign trade statistics index