Table 5  Balance of Trade by Major Trading Partners: December 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              5,965.96  3,291.38  2,674.58   (616.80)

 1 United States Of America  1/     1,067.84    493.51    574.34     80.83
 2 Japan  2/                          850.92    393.24    457.68     64.44
 3 China, People's Republic of        541.76    325.00    216.76   (108.24)
 4 Singapore                          437.55    320.35    117.20   (203.14)
 5 Taiwan                             345.32    263.08     82.24   (180.84)
 6 Hong Kong                          344.32     95.19    249.13    153.95
 7 Korea, Republic of                 255.53    144.20    111.33    (32.87)
 8 Thailand                           247.66    155.01     92.65    (62.37)
 9 Germany                            224.23     61.30    162.93    101.64
10 Netherlands                        191.21     24.59    166.62    142.03
11 Malaysia  3/                       186.42    106.48     79.94    (26.55)
12 Saudi Arabia                       179.16    174.80      4.36   (170.45)
13 Indonesia                          142.79    112.60     30.19    (82.42)
14 France                              88.59     68.82     19.77    (49.05)

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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:  February 25, 2009
Related press release | Foreign trade statistics index