Table 5  Balance of Trade by Major Trading Partners: November 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             8,326.67  4,984.84  3,341.82  (1,643.02)

 1 Japan  1/                        1,353.74    631.60    722.14      90.54
 2 United States Of America  2/     1,043.69    542.80    500.89     (41.90)
 3 China, People's Republic of      1,006.55    548.82    457.73     (91.08)
 4 Singapore                          528.25    343.38    184.87    (158.51)
 5 Korea, Republic of                 488.56    300.93    187.64    (113.29)
 6 Taiwan                             437.48    306.70    130.78    (175.92)
 7 Hong Kong                          353.04    116.79    236.24     119.45
 8 Saudi Arabia                       330.06    325.80      4.26    (321.54)
 9 United Arab Emirates               329.71    313.59     16.12    (297.48)
10 Thailand                           316.05    212.95    103.10    (109.85)
11 Malaysia  3/                       300.07    221.81     78.26    (143.55)
12 Indonesia                          243.78    183.68     60.09    (123.59)
13 Germany                            220.64     98.74    121.90      23.17
14 Russian Federation                 141.04    138.06      2.98    (135.08)

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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:  January 25, 2012
 
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