Table 5  Balance of Trade by Major Trading Partners: July 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            10,285.34  5,848.11  4,437.23  (1,410.87)

 1 Japan  1/                        1,312.02    613.30    698.73      85.43
 2 United States Of America  2/     1,297.82    590.39    707.43     117.05
 3 Saudi Arabia                       933.43    928.69      4.74    (923.95)
 4 China, People's Republic of        916.61    416.06    500.55      84.50
 5 Singapore                          902.18    605.29    296.89    (308.40)
 6 Hong Kong                          610.20    180.86    429.34     248.48
 7 Taiwan                             511.26    354.09    157.18    (196.91)
 8 Korea, Republic of                 490.14    294.32    195.82     (98.50)
 9 Thailand                           471.08    328.54    142.54    (186.00)
10 Malaysia  3/                       435.23    264.31    170.92     (93.40)
11 Netherlands                        378.01     35.42    342.58     307.16
12 Germany                            332.67     91.53    241.14     149.61
13 Vietnam                            277.50    253.37     24.13    (229.24)
14 United Arab Emirates               193.48    170.24     23.23    (147.01)

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 Source: Foreign Trade Statistics Section
         Industry and Trade Statistics Department
         National Statistics Office
         Republic of the Philippines

Notes:   1 Includes Okinawa
         2 Includes Alaska and Hawaii
         3 Includes Sabah and Sarawak
         Components may not add up to total due to rounding

Page last updated:  September 25, 2008
Related press release | Foreign trade statistics index