Table 5  Balance of Trade by Major Trading Partners: October 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             9,107.17  5,019.39  4,087.78   (931.62)

 1 Japan  1/                        1,434.17    606.42    827.75    221.33
 2 United States Of America  2/     1,100.90    493.68    607.23    113.55
 3 China, People's Republic of      1,044.37    476.34    568.02     91.68
 4 Singapore                          680.25    407.08    273.17   (133.91)
 5 Korea, Republic of                 595.30    402.91    192.39   (210.53)
 6 Taiwan                             483.00    327.80    155.20   (172.60)
 7 Thailand                           440.70    287.20    153.50   (133.70)
 8 Hong Kong                          401.69    127.29    274.40    147.11
 9 Malaysia  3/                       358.38    271.41     86.97   (184.44)
10 Saudi Arabia                       340.95    335.25      5.70   (329.55)
11 Indonesia                          286.42    232.63     53.79   (178.84)
12 Germany                            271.85    132.07    139.77      7.70
13 Netherlands                        204.00     29.63    174.37    144.73
14 United Arab Emirates               149.47    130.48     19.00   (111.48)

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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:  December 28, 2011
 
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