Table 5  Balance of Trade by Major Trading Partners: January 2008
         (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                  9,217.37  4,986.81  4,230.56    (756.25)

 1  United States Of America  1/    1,445.52    757.65    687.86     (69.79)
 2  Japan  2/                       1,175.19    547.96    627.23      79.27
 3  China, People's Republic of       882.72    377.50    505.22     127.72
 4  Singapore                         779.61    520.78    258.83    (261.95)
 5  Hong Kong                         736.40    184.40    552.01     367.61
 6  Taiwan                            510.96    393.04    117.92    (275.11)
 7  Saudi Arabia                      460.82    455.33      5.49    (449.84)
 8  Korea, Republic of                444.37    312.78    131.59    (181.19)
 9  Malaysia  3/                      415.49    226.29    189.20     (37.09)
10  Netherlands                       403.16     34.04    369.12     335.08
11  Germany                           314.33     89.42    224.92     135.50
12  Thailand                          301.96    183.94    118.03     (65.91)
13  Indonesia                         127.61     85.37     42.24     (43.13)
14  United Arab Emirates              117.43    102.59     14.84     (87.75)

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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 26, 2008
Related press release | Foreign trade statistics index