Table 5  Balance of Trade by Major Trading Partners: July 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             9,690.98  4,963.58  4,727.39    (236.19)

 1 Japan  1/                        1,343.65    573.57    770.08     196.51
 2 Singapore                        1,195.33    361.32    834.01     472.69
 3 United States Of America  2/     1,169.97    501.28    668.69     167.41
 4 China, People's Republic of      1,040.15    538.81    501.34     (37.47)
 5 Korea, Republic of                 610.79    419.30    191.49    (227.81)
 6 Hong Kong                          495.78    130.23    365.54     235.31
 7 Taiwan                             466.52    317.08    149.44    (167.63)
 8 Thailand                           426.87    285.56    141.32    (144.24)
 9 Indonesia                          387.17    198.86    188.31     (10.55)
10 Saudi Arabia                       303.67    297.05      6.63    (290.42)
11 United Arab Emirates               268.53    253.03     15.51    (237.52)
12 Malaysia  3/                       239.06    171.34     67.72    (103.63)
13 Germany                            232.57    102.08    130.49      28.41
14 Vietnam                            230.63    166.70     63.93    (102.77)

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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:  September 25, 2012