Table 5  Balance of Trade by Major Trading Partners: March 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             9,693.65  5,371.10  4,322.55  (1,048.56)

 1 Japan  1/                        1,268.61    583.43    685.17     101.74
 2 China, People's Republic of      1,204.55    562.49    642.07      79.58
 3 United States Of America  2/     1,158.19    489.94    668.25     178.31
 4 Singapore                          773.89    363.54    410.35      46.82
 5 Saudi Arabia                       511.72    507.85      3.87    (503.98)
 6 Hong Kong                          507.72    115.60    392.12     276.53
 7 Taiwan                             495.44    314.69    180.75    (133.94)
 8 Korea, Republic of                 470.91    341.78    129.13    (212.66)
 9 Thailand                           429.68    263.89    165.79     (98.10)
10 Malaysia  3/                       291.76    195.23     96.53     (98.70)
11 Indonesia                          290.04    217.55     72.50    (145.05)
12 Qatar                              226.90    223.21      3.68    (219.53)
13 Germany                            224.16     98.77    125.39      26.62
14 United Arab Emirates               208.27    189.87     18.40    (171.47)

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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:  May 25, 2012
 
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