Table 5  Balance of Trade by Major Trading Partners: September 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              9,031.45  5,134.49  3,896.95  (1,237.54)

 1 Japan  1/                        1,312.58    627.43    685.16      57.73
 2 United States Of America  2/     1,066.40    547.68    518.73     (28.95)
 3 China, People's Republic of      1,046.36    498.72    547.64      48.92
 4 Singapore                          682.38    383.14    299.24     (83.90)
 5 Thailand                           481.39    325.68    155.71    (169.97)
 6 Korea, Republic of                 470.38    301.57    168.80    (132.77)
 7 Taiwan                             467.54    291.40    176.13    (115.27)
 8 Hong Kong                          407.96    139.66    268.30     128.64
 9 Saudi Arabia                       342.43    337.47      4.96    (332.51)
10 Germany                            319.11    191.78    127.34     (64.44)
11 Indonesia                          306.31    240.88     65.43    (175.44)
12 Malaysia  3/                       270.89    173.71     97.18     (76.53)
13 Russian Federation                 172.45    166.96      5.48    (161.48)
14 Vietnam                            153.19     70.36     82.83      12.48

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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:  November 25, 2011