Table 5  Balance of Trade by Major Trading Partners: February 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             9,423.07  4,992.62  4,430.45   (562.18)

 1 Japan  1/                        1,463.78    667.15    796.63    129.48
 2 United States Of America  2/     1,230.50    542.76    687.74    144.98
 3 China, People's Republic of      1,034.37    445.37    589.00    143.64
 4 Singapore                          770.60    424.26    346.35    (77.91)
 5 Hong Kong                          599.77    102.63    497.14    394.51
 6 Korea, Republic of                 490.83    358.00    132.83   (225.18)
 7 Taiwan                             486.76    340.79    145.97   (194.82)
 8 Thailand                           471.24    277.93    193.31    (84.62)
 9 Saudi Arabia                       356.45    352.46      3.99   (348.47)
10 Germany                            355.10    102.98    252.12    149.15
11 Malaysia  3/                       315.02    224.93     90.09   (134.84)
12 Indonesia                          263.90    218.47     45.44   (173.03)
13 Russian Federation                 153.52    147.18      6.34   (140.84)
14 Netherlands                        148.19     27.35    120.84     93.49


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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:  April 27, 2012
 
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