Table 5  Balance of Trade by Major Trading Partners: March 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              9,314.36  5,121.22  4,193.13   (928.09)

 1 United States Of America  1/     1,367.74    683.41    684.33      0.92
 2 Japan  2/                        1,267.85    556.86    710.99    154.13
 3 China, People's Republic of        909.40    360.23    549.18    188.95
 4 Singapore                          869.69    686.35    183.34   (503.02)
 5 Hong Kong                          578.75    155.29    423.46    268.17
 6 Taiwan                             548.43    392.42    156.01   (236.41)
 7 Saudi Arabia                       443.94    437.11      6.83   (430.28)
 8 Korea, Republic of                 430.23    240.92    189.31    (51.61)
 9 Malaysia  3/                       399.81    214.64    185.18    (29.46)
10 Thailand                           337.56    209.01    128.55    (80.46)
11 Netherlands                        310.97     31.31    279.66    248.35
12 Germany                            268.46     91.19    177.26     86.07
13 United Arab Emirates               175.89    159.76     16.13   (143.63)
14 Indonesia                          151.02     93.15     57.87    (35.28)

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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:  May 27, 2008
Related press release | Foreign trade statistics index