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Economic
statistics
of the Philippines (1)
Foreign Trade
Trading
partners
The
Philippines has a lot of trading partners. With a few countries there is
clearly a more intensive trade. There is a real
"top ten" of countries as trading partners.
Which
countries are the most important for the foreign trade?
Make a survey of the statistics!
|
The
'Top of the Trading partners' in 1996, value in US dollars
| Rank |
Countries |
export |
import |
| 1 |
USA |
6.655.073 |
6.361.154 |
| 2 |
Japan |
3.667.446 |
7.128.891 |
| 3 |
Singapore |
1.223.537 |
1.740.392 |
| 4 |
Taiwan |
661.235 |
1.598.093 |
|
5 |
Hong Kong |
868.130 |
1.360.113 |
| 6 |
Germany |
847.005 |
1.209.257 |
| 7 |
South-Korea |
370.480 |
1.673.249 |
| 8 |
Saudi
- Arabia |
54.582 |
1.671.263 |
| 9 |
Malaysia |
680.405 |
767.926 |
| 10 |
the
Netherlands |
1.114.585 |
330.797 |
Source:
NATIONAL
STATISTICS OFFICE ,
Manila, Philippines
The
balance of trade
The
'balance of trade' is the balance (the difference) between the value of
the incoming products and the value of the outgoing products. For the
Philippines the 'balance of trade' is negative for many years. It
means that the Philippines has to pay more for the products which are
bought outside, than the earnings from selling products to foreign
countries. That can be seen as a negative situation.
|
Balance
of trade
|
|
'Balance of
trade' between the Philippines and the most
important Trading Partners (in thousand / US $) |
| Trading partners |
1991 |
1996 |
| Australia |
-276270 |
-647,703 |
| Belgium |
-12747 |
-113,645 |
| Brazil |
-175,160 |
-281,105 |
| China
|
-95,730 |
-348,585 |
| France
|
24,576 |
-173,324 |
| Germany |
36,944 |
-362,253 |
| Hong Kong |
-204,370 |
-491,983 |
| India
|
-51,188 |
-182,108 |
| Indonesia
|
-120,283 |
-502,858 |
| Iran |
-187,139 |
-285,793 |
| Ireland
|
-11,413 |
-175,400 |
| Israel |
-46,543 |
-158,992 |
| Italy
|
-23,162 |
-203,301 |
| Japan |
-601,578 |
-3,461,44 |
| Korea, Rep. of
|
-380,716 |
-1,302,769 |
| the
Netherlands
|
194,240 |
783,788 |
| New
Zealand |
-58,944 |
-137,161 |
| Oman
|
1,296 |
-165,990 |
| Russia |
-16,482 |
-448,777 |
| Saudi
Arabia |
-583,404 |
-1,616,681 |
| Singapore |
-225,821 |
-516,855 |
| Sweden
|
-10,114 |
-186,068 |
| Switzerland
|
-68,839 |
-165,450 |
| Taiwan |
-614,874 |
-936,858 |
| Thailand
|
126,618 |
178,251 |
| UK
|
156,712 |
457,221 |
| United Arab Emirates,
Abu Dhabi & Dubai |
-200,493 |
-175,966 |
| USA |
717,374 |
293,919 |
| All
Countries |
-3,211,849 |
-12,266,707 |
Source:
NATIONAL
STATISTICS OFFICE ,
Manila, Philippines
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