Table 5  Balance of Trade by Major Trading Partners: December 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             8,034.95  4,627.79  3,407.16 (1,220.63)

 1 Japan  1/                        1,220.64    585.77    634.87     49.10
 2 China, People's Republic of      1,052.41    584.86    467.55   (117.30)
 3 United States Of America  2/     1,049.83    517.55    532.28     14.73
 4 Singapore                          567.75    330.26    237.49    (92.78)
 5 Korea, Republic of                 552.11    396.81    155.30   (241.51)
 6 Taiwan                             438.74    314.72    124.02   (190.69)
 7 Hong Kong                          369.89    119.24    250.65    131.42
 8 Thailand                           310.23    180.47    129.76    (50.71)
 9 Saudi Arabia                       248.78    244.62      4.16   (240.46)
10 Malaysia  3/                       244.68    170.17     74.52    (95.65)
11 Germany                            220.56     91.54    129.02     37.48
12 Indonesia                          206.03    156.54     49.48   (107.06)
13 Australia                          163.03    132.36     30.67   (101.70)
14 Netherlands                        156.65     24.22    132.43    108.21

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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:  February 28, 2012
Related press release | Foreign trade statistics index