Table 5  Balance of Trade by Major Trading Partners: November 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              6,994.58  3,481.61  3,512.97     31.37

 1 United States Of America  1/     1,130.29    521.56    608.73     87.16
 2 Japan  2/                        1,066.35    484.51    581.84     97.32
 3 Hong Kong                          611.85    140.59    471.26    330.68
 4 China, People's Republic of        609.34    290.71    318.63     27.92
 5 Singapore                          436.69    302.49    134.19   (168.30)
 6 Malaysia  3/                       379.76    264.52    115.24   (149.27)
 7 Taiwan                             356.98    213.57    143.40    (70.17)
 8 Korea, Republic of                 316.53    175.02    141.51    (33.52)
 9 Thailand                           296.32    181.39    114.93    (66.46)
10 Netherlands                        268.83     26.20    242.63    216.43
11 Germany                            260.57     78.92    181.65    102.72
12 Indonesia                          177.12    139.30     37.81   (101.49)
13 Australia                          134.08    103.98     30.09    (73.89)
14 Saudi Arabia                       112.89    109.30      3.59   (105.71)

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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:  January 27, 2009
Related press release | Foreign trade statistics index