Table 5  Balance of Trade by Major Trading Partners: May 2008
         (F.O.B. Value in Million U.S. Dollars)

===========================================================================
                                                                   Balance
    Country                      Total Trade   Imports   Exports        of
                                                                     Trade
---------------------------------------------------------------------------
 

                  Total             9,007.11  4,782.99  4,224.12   (558.86)

 1 United States Of America  1/     1,222.80    547.21    675.59    128.39
 2 Japan  2/                        1,184.69    519.30    665.40    146.10
 3 China, People's Republic of        847.87    345.83    502.05    156.22
 4 Singapore                          716.12    481.48    234.64   (246.84)
 5 Hong Kong                          557.92    161.94    395.98    234.03
 6 Korea, Republic of                 549.14    235.83    313.31     77.49
 7 Saudi Arabia                       504.36    496.99      7.37   (489.63)
 8 Taiwan                             461.52    293.14    168.39   (124.75)
 9 Thailand                           397.73    274.74    122.99   (151.75)
10 Malaysia  3/                       328.12    164.50    163.62     (0.87)
11 Netherlands                        308.44     30.21    278.23    248.02
12 Germany                            300.78     95.43    205.34    109.91
13 Vietnam                            218.95    187.95     31.00   (156.94)
14 United Arab Emirates               217.55    192.66     24.88   (167.78)


---------------------------------------------------------------------------

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