Table 5  Balance of Trade by Major Trading Partners: February 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               8,603.43  4,491.42  4,112.01   (379.41)

 1 United States Of America  1/     1,369.99    652.83    717.16     64.33
 2 Japan  2/                        1,236.48    584.36    652.12     67.76
 3 Singapore                          729.58    479.31    250.28   (229.03)
 4 China, People's Republic of        702.86    296.54    406.32    109.78
 5 Taiwan                             586.37    401.75    184.62   (217.14)
 6 Hong Kong                          492.68    146.16    346.52    200.35
 7 Korea, Republic of                 440.75    233.28    207.47    (25.81)
 8 Saudi Arabia                       389.80    383.24      6.56   (376.69)
 9 Netherlands                        384.70     71.18    313.52    242.34
10 Malaysia  3/                       372.23    205.63    166.60    (39.02)
11 Germany                            344.59     84.22    260.37    176.14
12 Thailand                           316.28    193.39    122.89    (70.50)
13 Indonesia                          121.76     73.03     48.73    (24.30)
14 Vietnam                            116.00     71.66     44.34    (27.33)

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