Table 5  Balance of Trade by Major Trading Partners: January 2012
         (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             9,256.96  5,133.54  4,123.42  (1,010.12)

 1 Japan  1/                        1,225.92    518.99    706.93     187.95
 2 China, People's Republic of      1,126.86    535.63    591.23      55.61
 3 United States Of America  2/     1,125.62    462.82    662.80     199.98
 4 Singapore                          713.19    372.32    340.87     (31.45)
 5 Korea, Republic of                 573.88    402.37    171.51    (230.87)
 6 Hong Kong                          494.62    135.26    359.37     224.11
 7 Taiwan                             449.34    300.07    149.26    (150.81)
 8 Thailand                           392.31    238.24    154.07     (84.18)
 9 Germany                            352.65    100.77    251.87     151.10
10 Malaysia  3/                       303.37    192.19    111.18     (81.02)
11 Indonesia                          239.08    191.83     47.25    (144.59)
12 Saudi Arabia                       233.42    230.86      2.56    (228.31)
13 United Arab Emirates               211.01    199.92     11.09    (188.83)
14 Russian Federation                 193.16    187.92      5.24    (182.68)

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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:  March 27, 2012
Related press release | Foreign trade statistics index