Table 5  Balance of Trade by Major Trading Partners: July 2011
         (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             9,428.86  4,999.43  4,429.43    (570.00)

 1 Japan  1/                        1,535.87    481.30  1,054.57     573.26
 2 China, People's Republic of      1,123.01    576.51    546.50     (30.01)
 3 United States Of America  2/     1,112.16    460.66    651.50     190.83
 4 Singapore                          713.15    362.02    351.13     (10.90)
 5 Korea, Republic of                 461.25    332.10    129.15    (202.95)
 6 Taiwan                             459.39    294.87    164.53    (130.34)
 7 Thailand                           433.12    275.75    157.38    (118.37)
 8 Hong Kong                          430.44    140.78    289.66     148.88
 9 United Arab Emirates               426.23    409.42     16.82    (392.60)
10 Malaysia  3/                       284.82    186.98     97.84     (89.14)
11 Saudi Arabia                       266.16    258.57      7.59    (250.98)
12 Germany                            238.47     93.13    145.34      52.21
13 Indonesia                          237.53    195.82     41.71    (154.12)
14 Netherlands                        200.97     22.00    178.97     156.97

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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 27, 2011
 
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