2006 FOREIGN TRADE

STATISTICS OF THE PHILIPPINES Volume II - Exports

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REPUBLIC OF THE PHILIPPINES

Her Excellency PRESIDENT GLORIA MACAPAGAL-ARROYO

NATIONAL STATISTICS OFFICE

CARMELITA N. ERICTA Administrator

PAULA MONINA G. COLLADO Deputy Administrator

ISSN

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F O R E W O R D

The 2006 Foreign Trade Statistics of the Philippines is an annual publication of the National Statistics Office. It presents information on value and quantity of Philippine trade with other countries and also provides comparative data for previous years as well as a historical table on Philippine trade dating back to 1890.

This Publication consists of two volumes, namely: Volume 1 - Imports; and

Volume 2 - Exports.

Volume 1 - Imports is divided into three sections: Special Feature: The Country's Foreign Trade Performance in 2006; Summary Statistical Tables on Foreign Trade; and Detailed Statistical Tables on Imports.

Volume 2 - Exports is divided into four sections: Special Feature: The

Country's Foreign Trade Performance in 2006; Summary Statistical Tables on Foreign Trade; Detailed Statistical Tables on Exports; and Detailed Statistical Tables on Re-exports.

The NSO acknowledges with sincere thanks and appreciation the cooperation

and valuable assistance extended by the Bureau of Customs (BOC) and the Philippine Economic Zone Authority (PEZA). We also express our deep gratitude to the traders and brokers who continue to provide us with source documents and reports needed in compiling foreign trade statistics.

Manila, Philippines

CARMELITA N. ERICTA Administrator

TABLE OF CONTENTS

Explanatory Note … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … .. ix

ixixxxixiixiixiiixiiixv

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SECTION 1: The Country's Foreign Trade Performance in 2006

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SECTION 2: Summary Statistical Tables on Foreign Trade

Table 1 Foreign Trade of the Philippines: 1890 to 2006 … … … … … … … … … … … … 15161736

Table 5 Foreign Trade of the Philippines by Local Port: 2006 … … … … … … … … … . 37Table 6 Foreign Trade of the Philippines by Nationality of Trader: 2006 … … … … … 39Table 7 Foreign Trade of the Philippines by Flag of Registry of Vessel and

4041

Table 9 Philippine Exports by Major Product Group and Its 424546

Table 12 Philippine Exports to Major Countries and Groups47

SECTION 3: Detailed Statistical Table on Exports

Table 13 Quantity and Value of Philippine Exports56

Division

00 56

Other Available Data … … … … … … … … … … … … … … … … … … … … … … … … … .

Foreign Trade Statistics of the Philippines: 2006 … … … … … … … … … … … … … … … ..

Table 3 Foreign Trade of the Philippines by Country: 2002 to 2006 … … … … … … …Table 4 Foreign Trade of the Philippines by Economic Bloc: 2002 to 2006 … … … ..

Aircraft: 2006 … … … … … … … … … … … … … … … … … … … … … … … … … … ..

Abbreviations of Units of Quantity Used … … … … … … … … … … … … … … … … … … … … … … … ..List of Member Countries of Different Economic Blocs … … … … … … … … … … … … … … … … … .

Table 8 Foreign Trade Indices by Year and Quarter: 2002-2005 … … … … … … … … .

Table 2 Foreign Trade of the Philippines by Month: 2002 to 2006 … … … … … … … ..

Introduction … … … … … … … … … … … … … … … … … … … … … … … … … … … … … ..Coverage … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … .Sources of Information … … … … … … … … … … … … … … … … … … … … … … … … ..Commodity Classification … … … … … … … … … … … … … … … … … … … … … … … .Country of Origin … … … … … … … … … … … … … … … … … … … … … … … … … … …Country of Destination … … … … … … … … … … … … … … … … … … … … … … … … ..Valuation … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … .Processing … … … … … … … … … … … … … … … … … … … … … … … … … … … … … ..

Classified by Commodity and Country of Destination: 2006 … … … … … … .

Live animals other than animals of division 03 … … … … … … … … … … … … … … .

Sub-group: 2005 and 2006 … … … … … … … … … … … … … … … … … … … … ..Table 10 Number of Philippine Exporters by Export Value: 2005 and 2006 … … … … .Table 11 Philippine Exports by Major Commodity Group: 2005 and 2006 … … … … …

of Countries by Divisions and Sections: 2006 … … … … … … … … … … … … ..

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01 5602 6003

6204 7705 8606 11007 11308 11809 12011 13212 13621 13922 13923 13924 14025 14126

14227 14528 14829 15232 15833 15834 15941 15942 15943

16051 16152 16753 17154 17655

18056 19257 19358 19959 20361 21062 21263 21764 22465 23466 25867 27168 27869 28371 30272 306

Animal or vegetable oils and fats, processed, waxes

Organic chemicals … … … … … … … … … … … … … … … … … … … … … … … … … …Inorganic chemicals … … … … … … … … … … … … … … … … … … … … … … … … … .Dyeing, tanning and coloring materials … … … … … … … … … … … … … … … … … .

of animal or vegetable origin … … … … … … … … … … … … … … … … … … … … … …

Textile fibers (other than wool tops and other combed wool

Crude fertilizers, other than those of division 56, and crude minerals … … … … ..Metalliferous ores and metal scrap … … … … … … … … … … … … … … … … … … …Crude animal and vegetable materials, n.e.s. … … … … … … … … … … … … … … ..

and their wastes) … … … … … … … … … … … … … … … … … … … … … … … … … … .

Oil seeds and oleaginous fruits … … … … … … … … … … … … … … … … … … … … ..Crude rubber (including synthetic and reclaimed) … … … … … … … … … … … … …Cork and wood … … … … … … … … … … … … … … … … … … … … … … … … … … … ..Pulp and waste paper … … … … … … … … … … … … … … … … … … … … … … … … ..

Miscellaneous edible products and preparations … … … … … … … … … … … … …Beverages … … … … … … … … … … … … … … … … … … … … … … … … … … … … … ..Tobacco and tobacco manufactures … … … … … … … … … … … … … … … … … … ..Hides, skins and furkins, raw … … … … … … … … … … … … … … … … … … … … …

Meat and meat preparations … … … … … … … … … … … … … … … … … … … … … …Dairy products and birds' eggs … … … … … … … … … … … … … … … … … … … … …

Gas, natural and manufactured … … … … … … … … … … … … … … … … … … … … ..

Fish (not marine mammals), crustaceans, mollusks

Cereals and cereal preparations … … … … … … … … … … … … … … … … … … … … .Vegetables and fruits … … … … … … … … … … … … … … … … … … … … … … … … …Sugar, sugar preparations and honey … … … … … … … … … … … … … … … … … …Coffee, tea, cocoa, spices, and manufactures thereof … … … … … … … … … … …Feeding stuff for animals (not including unmilled cereals) … … … … … … … … … .

and aquatic invertebrates, and preparations thereof … … … … … … … … … … … …

Animal fats and oils … … … … … … … … … … … … … … … … … … … … … … … … … ..

Petroleum, petroleum products and related materials … … … … … … … … … … …Coal, coke and briquette … … … … … … … … … … … … … … … … … … … … … … … ..

Fixed vegetable oils and fats, crude, refined or fractionated … … … … … … … … .

Medicinal and pharmaceutical products … … … … … … … … … … … … … … … … …Essential oils and resinoids and perfume materials;

Fertilizers (other than those of group 272) … … … … … … … … … … … … … … … …

Chemical materials and products, n.e.s. … … … … … … … … … … … … … … … … ..

toilet polishing and cleansing preparations … … … … … … … … … … … … … … … ..

Plastics in primary forms … … … … … … … … … … … … … … … … … … … … … … … .Plastics in non-primary forms … … … … … … … … … … … … … … … … … … … … … .

Leather, leather manufactures, n.e.s. and related products … … … … … … … … .Rubber manufactures, n.e.s. … … … … … … … … … … … … … … … … … … … … … ..Cork and wood manufactures, (excluding furnitures) .… … … … … … … … … … …Paper, paperboard and articles of paper pulp, of paper or of paperboard … … …

Manufactures of metals, n.e.s. … … … … … … … … … … … … … … … … … … … … ..Power generating machinery and equipment … … … … … … … … … … … … … … ..Machinery specialized for particular industries … … … … … … … … … … … … … …

Textile yarn, fabric, made-up articles, n.e.s. and related products … … … … … ..Non-metallic mineral manufactures, n.e.s. … … … … … … … … … … … … … … … …Iron and steel … … … … … … … … … … … … … … … … … … … … … … … … … … … …Non-ferrous metals … … … … … … … … … … … … … … … … … … … … … … … … … …

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73 31774 General industrial machinery and equipment, n.e.s. and machine

32175 33676 Telecommunications and sound recording and reproducing

34177 35378 37579 38181 Prefabricated buildings, sanitary, plumbing, heating and lighting

38382 39183 40484 40885 46187 Professional, scientific and controlling instruments and apparatus,

46688 Photographic apparatus, equipment and supplies and optical

47489 47893 Special transactions and commodities not classified according

52196 53797 537

Table 14 Quantity and Value of Philippine Re-exports 539

77 53993 Special transactions and commodities not classified according

539

to kind … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … .

to kind … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … .

Coin (other than gold coin) not being legal tender … … … … … … … … … … … … ..Gold, non-monetary (excluding gold ores and concentrates) … … … … … … … …

Classified by Commodity and Country of Destination: 2006 … … … … … … ..

SECTION 4: Detailed Statistical Table on Re-exports

Division

Electrical machinery, apparatus and appliances, n.e.s. … … … … … … … … … …

Metalworking machinery … … … … … … … … … … … … … … … … … … … … … … … .

Electrical machinery, apparatus and appliances, n.e.s. … … … … … … … … … …Road vehicles (including air-cushion vehicles) … … … … … … … … … … … … … … .Other transport equipment … … … … … … … … … … … … … … … … … … … … … … ..

parts, n.e.s. … … … … … … … … … … … … … … … … … … … … … … … … … … … … …Office machines and automatic data processing machines … … … … … … … … ..

apparatus and equipment … … … … … … … … … … … … … … … … … … … … … … …

fixtures and fittings, n.e.s. … … … … … … … … … … … … … … … … … … … … … … …

n.e.s. … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … …

goods, n.e.s., watches and clocks … … … … … … … … … … … … … … … … … … …Miscellaneous manufactured articles, n.e.s. … … … … … … … … … … … … … … …

Furnitures and parts thereof … … … … … … … … … … … … … … … … … … … … … … .Travel foods, handbags and similar containers … … … … … … … … … … … … … … .Articles of apparel and clothing accessories … … … … … … … … … … … … … … …Footwear … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … .

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EXPLANATORY TEXT Introduction

The National Statistics Office (formerly National Census and Statistics Office from 1974 up to it’s renaming by virtue of Executive Order 121 on January 30, 1987 and used to be the Bureau of the Census and Statistics prior to its re-organization under PD 418 on March 20, 1974) became the sole agency to compile foreign trade statistics starting in 1973.

Prior to this period, the Central Bank of the Philippines (now known as

Bangko Sentral ng Pilipinas) also compiled and released foreign trade data. However, the differences in the concepts used by these two agencies resulted to a conflicting foreign trade data. This led to an agreement that sets NSO to be the sole compiler of the official foreign trade statistics.

The Philippines adopts the "General" trade system of recording foreign

trade statistics. The customs frontier (not the national boundary) is used as the statistical frontier. Under this system, all goods entering any of the seaports or airports of entry of the Philippines properly cleared through customs or remaining or under customs control are considered imports, whether the goods are for direct consumption, for merchandising, for warehousing or further processing. On the other hand, all goods leaving the country, which are properly cleared through the Customs, are considered exports. A distinction however, is made between export for goods grown, mined or manufactured in the Philippines (domestic exports) and exports of imported goods that do not undergo physical and/or chemical transformation in the Philippines (re-exports).

Coverage

The foreign trade data contained in this report relates to commerce between

the Philippines and other countries by sea or air whether for private or government use or for commercial purposes, gifts or samples. It also includes animals for the zoo, for breeding and the like. However, the following classes of goods are excluded in the compiled foreign trade statistics:

a. Fish and other marine products landed by Philippine vessel direct

from the sea; b. Goods imported and exported by, or on behalf of diplomatic

services and armed forces; c. Exposed cinematographic films imported or exported on rental

basis; d. Personal effects of passenger on which no duty was paid; e. Issued currency notes and coins; f. Goods in transit to foreign countries;

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g. Stores and fuels purchased abroad by ships and aircrafts of Philippine registry; and

h. Goods sent through parcel post. Since 1982, goods are considered imported/exported on the date the carrying vessel/aircraft arrives/departs at the port/airport of unloading/loading.

The coverage of the annual publication is usually higher than the sum of monthly coverage, since it includes data from the documents, which arrived late for inclusion in their respective months. Monthly figures in this publication, however, include these corrections. Sources of Information

Foreign trade statistics are compiled by the National Statistics Office (NSO) from copies of import and export documents submitted by importers and exporters or their authorized representatives to the Bureau of Customs (BOC) as required by law. Imported articles of commercial nature with dutiable value of two thousand pesos and above are cleared on formal import entry (BOC Import Entry & Internal Revenue Declaration -Form No. 236). Those with dutiable value of two thousand pesos or less and personal and household effects, are cleared on an informal import entry (Informal Import Declaration and Entry - BC Form No. 177) whenever duty, tax or charges are collectible.

Effective 1980, EPZA Import Tally (Form No. 8102) are used for clearing

importations intended for Export Processing Zones. However, the Customs- EPZA Warehousing Entry (BC Form No. 242 - CEWE) which was implemented in 14 October 1991 revoked the use of the EPZA Import Tally. However, from early 1996 to the present, EPZA forms were renamed as PEZA (Philippine Economic Zone Authority) forms after the name of the agency.

Another source of import data used for clearance of cargoes is the Single

Administrative Document (SAD), an electronic copy of the IEIRD. This is an on-line submission of import documents either by brokers or companies in lieu of the manual filling-up of documents.

The sources of export data, on the other hand, are Export Permit (CB-ED

Form No. 102R), Export Declaration (ED) with and without Foreign Exchange Proceeds (CBP 6-21-02 and CBP 6-21-04, respectively) and PEZA Export Tally (PEZA Form No. 8104). The first form is used by Board of Investments (BOI)-registered exporters, the second form by general exporters and the last form by exporters located inside the Export Processing Zones. Effective 1 October 1991, the Revised Export Declaration was implemented which can be used by all kinds of exporters including general, BOI registered and PEZA registered exporters. Starting 30 July 1996, this form was then implemented under the Department of Trade and Industry (DTI) from the Central Bank (CB) of the Philippines.

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Other sources of export data are the General System of Preferences (GSP Form A), ASEAN Common Effective Preferential Tariff Scheme (Form D) and ASEAN-CHINA Free Trade Area Preferential Tariff (Form E). These documents are issued by the Bureau of Customs to exporters whose products are eligible for preferential tariff treatment. Monthly reports of selected electronic companies were also used as sources of export data. In addition, the Special Permit to Load (SPL) was used for those selected companies without corresponding export document.

Starting in 2003, the Automated Export Documentation System (AEDS), a

paperless recording of export transaction at the ECOZONES covering semiconductor and electronic shipments loaded at Ninoy Aquino International Airport (NAIA) was included in the compilation of export statistics. This is due to the Joint Memorandum Order (JMO) No. 02-2002 section 3.9, which states that “in lieu of providing the NSO and DTI copies (paper) of the ED, the BOC shall provide electronic files of ED’s processed on a monthly basis to these government agencies”. The NSO collects this electronic files every 15th day of the month and integrates them to the NSO database system. In addition to NAIA, all transactions that pass through AEDS in Subic and Mactan were also included in the compilation of export statistics starting in 2004 and 2005, respectively.

Revision in the import figures were done for the years 2000 to 2004. The revision on import statistics was based on the recommendation of the Inter-Agency Committee on Trade. The committee is composed of representatives from the National Statistical Coordination Board (NSCB), Bangko Sentral ng Pilipinas (BSP), National Economic Development Authority (NEDA), NSO, PEZA, BOC and DTI-Export Development Council (EDC) and Bureau of Export Trade Promotion (BETP). The NSCB Executive Board approved the recommended methodology last May 8, 2005 through NSCB Resolution No. 8 Series of 2005 entitled "Interim Methodology for the Revision of Electronics Import Statistics". However, starting in 2006, import figures were adjusted based on the transactions that pass through the Automated Cargo Operating System (ACOS) of the Bureau of Customs (BOC). Commodity Classification

The commodities are classified in accordance with the 1993 Philippine Standard Commodity Classification Revised 2 (1993 PSCC Rev. 2), a classification scheme that is aligned with the United Nations Standard International Trade Classification (SITC), and the Harmonized Commodity Description and Coding System of the Philippines, otherwise known as Harmonized System of the Philippines (HSP) from 1999 to 2006. However, starting with July 2006, all commodities are both classified in accordance with the

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1993 Philippine Standard Commodity Classification Revised 2 (1993 PSCC Rev. 2) and with the 2004 Philippine Standard Commodity Classification (2004 PSCC) groupings. This is in compliance with NSCB Resolution No. 03, Series of 2005 entitled “Approving and Adopting the 2004 Philippine Standard Commodity Classification” by all concerned government agencies and instrumentalities. The commodities for the months of January to June in 2006, on the other hand, were then backtracked to enable them to classify to 2004 PSCC.

The NSO adopted a new coverage of electronic products beginning March

2003 to ensure the consistency and comparability of statistics used by several agencies in the country. The National Statistical Coordination Board (NSCB), through NSCB Resolution No. 12, series of 2002 dated 5 June 2002, approved the new coverage. This new coverage of electronics exports resulted from an interagency work participated in by the NSO, the Bureau of Exports and Trade Promotion (BETP) of the DTI, the Semiconductor and Electronics Industries of the Philippines, Incorporated (SEIPI), and the NSCB. The new coverage now includes 359 items as described in the PSCC as against to only 40 items in the previous years.

The 1993 PSCC Revised 1 (1993 PSCC Rev.1) was used in the

classification of the commodities included in the trade statistics from 1994 to 1998 while the 1989 PSCC Revised (1989 PSCC Rev.) was used for the years 1991 to 1993 and the 1989 PSCC was employed from 1990 to 1991.

The 1977 PSCC was used from 1977 to 1990. It was basically patterned after the UN SITC, Rev. 2 and followed similar coding scheme up to the subgroup level (4-digit). Prior to 1977, the Revised Central Bank Commodity Classification Manual was used, which was an integration of the Central Bank Statistical Classification of the Philippines patterned after the original SITC. Country of Origin

The Country of Origin of an imported commodity is the country where the commodity is grown, mined or manufactured. Further processing or material added to it in another country must bring about a material transformation to render such country as the country of origin. The country of origin remains unchanged if the commodity is subjected to mere sorting, grading, cleaning, packaging or similar processing. Country of Destination

The Country of Destination is the country of ultimate destination/shipment.

It is not necessarily the country where the commodity/shipment is to be unloaded, as in the case of shipment unloaded from one ocean liner but is

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destined to a country that is landlocked. In which case, the country of destination is the landlocked country.

Valuation Beginning with 1963, the rate of conversion for every independent

transaction in computing the FOB peso value are the actual rates appearing on entries or as reported in the daily foreign exchange quotations of the BSP. Thus, there is no fixed rate conversion for imports and exports since the actual rate fluctuates daily. For imports, such variable rates have been used effective January 1963, whereas for the first semester of 1963, the FOB value corresponding to the dollar receipts derived from exports was computed by using the composite rate consisting of 80 percent at the free Market rate and 20 percent at the rate of two pesos to a dollar. Starting with the second half of 1963, the rate conversion has been changed to 100 percent free market rate. This latter procedure was adopted to obtain a more realistic FOB peso value and to give a true picture of the balance of trade position of the country.

The Free on Board (FOB) value is the value of the goods free on board

the carrier at the frontier of the exporting country. It includes inland freight, export duty and other expenses. Ocean freight, insurance and consular fees, however, is excluded. These FOB values are obtained directly from the source documents. However, for cases where the FOB values declared in the source documents are not in US dollars, these values are converted to US dollars. The average US dollar rate for the month which is computed as the total daily rate of transactions divided by the number of working days in a month is used in converting FOB value to FOB US dollar value. For export, the average monthly dollar rate is multiplied by 0.9925 and for import, by 1.01 for adjustments. The dollar-peso average exchange rate for the year in review is 54.67 for exports and 55.63 for imports.

In addition, valuation of goods in the Philippine Foreign Trade Statistics is

FOB. However, Cost-Insurance-Freight (CIF) valuation could also be determined as the data on freight and insurance are available. Processing

Data processing is done both mechanically and manually. Copies of import and export documents collected by NSO personnel from

the customs houses in all ports and airports of entry in the Philippines are systematically controlled. Collected documents are sorted by month, by port, by single or multiple commodity entries and by value. About 100 entries are assigned with control numbers and folioed together for the convenience of

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coders and encoders and for easy processing of the processors. Each folio then undergoes the following stages of processing:

1. Coding - process of translating each item of information found in the source document to its equivalent alphabetic and/or numeric code in accordance with the country, commodity, exporter, handling, carrier or port classification used

2. Code Verification - process of determining the appropriateness of codes used

3. Computation - process of computing the FOB, insurance and freight values and converting each value into US dollars

4. Computation Verification - process of checking the accuracy of computed data.

Quality control of coding and computation for both imports and exports is

carried through sample verification. This method enables the verifier to decide after a number of entries have been verified whether to reject, continue or accept the folio. The number and type of errors are recorded and brought to the attention of the coder. Further training is given on pinpointed causes of errors of coders to improve the quality of their work.

Data encoding and editing are carried-out through the use of microcomputers. Inconsistent/erroneous entries are passed through several reject listings until such errors are fully corrected or rectified after which the monthly tabulations are finally generated.

Processing of electronic files provided by the BOC like Automated Export Documentation System (AEDS) and Automated Cargo Operating System (ACOS) are performed separately from the manually processed documents. For the AEDS, the data provided which is in the form of a delimited text file is converted to data base file to suit the structure of the Foreign Trade Statistics (FTS) system. Aside from this, conversion of FOB, insurance and freight values to US dollars were also performed as there are some transactions that have used other currencies. In addition, there is a need to recode the country of origin and port as both agencies used different code structure. Further validation of commodity codes are also done to ensure the accuracy of the data. In cases that commodity description does not tally with the PSCC codes or is not provided, the name of the importers or the importers’ TIN is the final determinant of the commodity codes. After all these consistency checks and edits are achieved, then the modified data base file is appended to the export’s master file to generate the preliminary export figure for the month.

Documents received after the cut-off dates for each month are

accumulated, processed and the data are included in their respective months at the end of the calendar year. When all the monthly tabulations for a year have been completed and finalized, the annual tabulations are then prepared.

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Other Available Data

Preliminary monthly export and import statistics are released in the form of

Press Releases 40 days and 55 days after the reference month, respectively.

The Foreign Trade Statistics of the Philippines publication comes out annually in two volumes, Volume I for Imports and Volume II for Exports.

There are other unpublished statistical tables that are available at the Foreign Trade Statistics Section, such as those requested by private entities both in the Philippines and abroad. They could be in computer printouts, diskettes and CD’s depending on the needs of the researchers. Other special tabulations may also be made available upon request, addressed to the Administrator, National Statistics Office, Solicarel Building I, Ramon Magsaysay Blvd., Sta. Mesa, Manila.

ABBREVIATIONS OF UNITS OF QUANTITY USED

Cu dm - Cubic decimeter Oz T - Ounce Troy Doz - Dozen Pr - Pair GK - Gross Kilogram Sq. cm - Square centimeter NK - Net Kilogram Sq. m - Square meter NO - Number Bbl - Barrel

(Note: all other units of quantity are spelled out)

LIST OF MEMBER COUNTRIES OF DIFFERENT ECONOMIC BLOCS

D. Economic and Social Commission for Asia and the Pacific(ESCAP - 53)

1. Albania 75. Korea, Rep. Of 1. Afghanistan 28. Myanmar, Union of2. Angola 76. Kuwait 2. Armenia 29. Nauru, Rep. Of3. Antigua and Barbuda 77. Kyrgyz Rep. 3. Australia 30. Nepal4. Argentina 78. Latvia 4. Azerbaijan 31. Netherlands

5. Armenia 79. Lesotho 5. Bangladesh 32. New Zealand6. Australia 80. Liechtenstein 6. Bhutan 33. Pakistan, Islamic Rep. Of7. Austria 81. Lithuania 7. Brunei Darussalam 34. Palau8. Bahrain 82. Luxembourg 8. Cambodia 35. Papua New Guinea9. Bangladesh 83. Macao, China 9. People's Rep. Of China 36. Philippines

10. Barbados 84. Madagascar 10. Fiji 37. Russian Federation11. Belgium 85. Malawi 11. France 38. Samoa12. Belize 86. Malaysia 12. Georgia 39. Singapore13. Benin 87. Maldives 13. India 40. Solomon Islands14. Bolivia 88. Mali 14. Indonesia 41. Sri Lanka15. Botswana 89. Malta 15. Iran, Islamic Rep. Of 42. Tajikistan16. Brazil 90. Mauritania 16. Japan 43. Thailand17. Brunei Darussalam 91. Mauritius 17. Kazakhstan 44. Timor-Leste (East Timor)18. Bulgaria 92. Mexico 18. Kiribati 45. Tonga19. Burkina Faso 93. Moldova 19. Korea, (North) 46. Turkey20. Burundi 94. Mongolia 20. Korea, Rep. Of (South) 47. Turkmenistan21. Cambodia 95. Morocco 21. Kyrgyzstan 48. Tuvalu22. Cameroon 96. Mozambique 22. Lao People's Dem. Rep. 49. United Kingdom of Great Britain23. Canada 97. Myanmar 23. Malaysia 50. United States of America24. Central African Rep. 98. Namibia 24. Maldives 51. Uzbekistan25. Chad 99. Nepal 25. Marshall Islands 52. Vanuatu26. Chile 100. Netherlands 26. Micronesia, Fed. States of 53. Vietnam27. China, People's Rep. Of 101. New Zealand 27. Mongolia28. Chinese Taipei (Taiwan) 102. Nicaragua29. Colombia 103. Niger E. Generalized System of Preferences Donor Countries (GSPDC - 29)30. Costa Rica 104. Nigeria31. Cote d'Ivoire 105. Norway 1. Australia 15. Japan32. Croatia 106. Oman 2. Austria 17. Luxembourg33. Cuba 107. Pakistan 3. Belarus 18. Netherlands34. Cyprus 108. Panama 4. Belgium 19. New Zealand35. Czech Republic 109. Papua New Guinea 5. Bulgaria 20. Norway36. Democratic Rep. of Congo 110. Paraguay 6. Canada 21. Poland37. Denmark 111. Peru 7. Czech Republic 22. Portugal38. Djibouti 112. Philippines 8. Denmark 23. Russian Federation39. Dominica 113. Poland 9. Finland 24. Slovakia40. Dominican Republic 114. Portugal 10. France 25. Spain41. Ecuador 115. Qatar 11. Germany 26. Sweden42. Egypt 116. Romania 12. Greece 27. Switzerland43. El Salvador 117. Rwanda 13. Hungary 28. United Kingdom of Great Britain & N. Ireland44. Estonia 118. St. Kitts and Nevis 14. Ireland 29. United States of America45. European Communities 119. St. Lucia 15. Italy46. Fiji 120. St. Vincent and the Grenadines47. Finland 121. Saudi Arabia F. Organization for Economic Coperation and Development (OECD - 30)48. Former Yugoslav Rep. of Macedonia 122. Senegal49. France 123. Sierra Leone 1. Australia 16. Korea, Rep. Of50. Gabon 124. Singapore 2. Austria 17. Luxembourg51. Gambia 125. Slovak Republic 3. Belgium 18. Mexico52. Georgia 126. Slovenia 4. Canada 19. Netherlands53. Germany 127. Solomon Islands 5. Czech Republic 20. New Zealand54. Ghana 128. South Africa 6. Denmark 21. Norway55. Greece 129. Spain 7. Finland 22. Poland56. Grenada 130. Sri Lanka 8. France 23. Portugal57. Guatemala 131. Suriname 9. Germany 24. Slovak Republic58. Guinea 132. Swaziland 10. Greece 25. Spain59. Guinea Bissau 133. Sweden 11. Hungary 26. Sweden60. Guyana 134. Switzerland 12. Iceland 27. Switzerland61. Haiti 135. Tanzania 13. Ireland 28. Turkey62. Honduras 136. Thailand 14. Italy 29. United Kingdom of Great Britain & N. Ireland63. Hong Kong 137. Togo 15. Japan 30. United States of America64. Hungary 138. Trinidad and Tobago65. Iceland 139. Tunisia G. European Union (EU - 25)66. India 140. Turkey67. Indonesia 141. Uganda 1. Austria 14. Latvia68. Ireland 142. United Arab Emirates 2. Belgium 15. Lithuania69. Israel 143. United Kingdom of Great Britain 3. Cyprus 16. Luxembourg70. Italy 144. United States of America 4. Czech Republic 17. Malta71. Jamaica 145. Uruguay 5. Denmark 18. Netherlands72. Japan 146. Venezuela 6. Estonia 19. Poland73. Jordan 147. Zambia 7. Finland 20. Portugal74. Kenya 148. Zimbabwe 8. France 21. Slovakia

9. Germany 22. Slovenia10. Greece 23. Spain

B. Asia Pacific Economic Cooperation (APEC - 21) 11. Hungary 24. Sweden12. Ireland 25. United Kingdom of Great Britain

1. Australia 12. New Zealand 13. Italy 2. Brunei Darussalam 13. Papua New Guinea 3. Canada 14. Peru H. Association of Southeast Asian Nations (ASEAN - 10) 4. Chile 15. Philippines 5. China, People's Rep. Of 16. Russian Federation 1. Brunei Darussalam 6. Myanmar, Union of 6. Hong Kong 17. Singapore 2. Cambodia 7. Philippines 7. Indonesia 18. Taiwan 3. Indonesia 8. Singapore 8. Japan 19. Thailand 4. Laos People's Dem. Rep. 9. Thailand9. Korea, Rep. Of 20. United States of America 5. Malaysia 10. Vietnam

10. Malaysia 21. Viet Nam11. Mexico I. Latin American Free Trade Association ( LAFTA - 12)

C. European Free Trade Association (EFTA - 4) 1. Argentina 7. Ecuador 2. Bolivia 8. Mexico

1. Iceland 3. Norway 3. Brazil 9. Paraguay 2. Liechtenstein 4. Switzerland 4. Chile 10. Peru

5. Colombia 11. Uruguay 6. Cuba 12. Venezuela

A. World Trade Organization (WTO - 148)

xvi

Section 1

The Country's Foreign Trade Performance in 2006

FOREIGN TRADE STATISTICS OF THE PHILIPPINES: 2006

2006 TOTAL TRADE STANDS AT $99.184 BILLION

Total external trade in goods for 2006 reached $99.184 billion, representing an 11.9

percent increase from $88.673 billion in 2005. Total export receipts grew by 14.9 percent to

$47.410 billion from $41.255 billion in 2005. Similarly, total imports rose by 9.2 percent to

aggregate dollar expenditure of $51.774 billion from $47.418 billion in 2005. The balance of

trade in goods (BOT-G) for the Philippines registered a $4.364 billion deficit in 2006, narrower

than the previous year’s deficit of $6.163 billion.

2006 TOP 10 EXPORTS ACCOUNT 80.9 PERCENT OF EXPORT RECEIPTS

Accounting for 80.9 percent of the aggregate export revenue in 2006, receipts from the

top ten exports totaled to $38.367 billion, posting a 13.8 percent growth from $33.721 billion in

2005. (see Table 2)

Electronic Products continued to be the top earner with a 62.6 percent of the total

exports or an increase of 8.7 percent to $29.683 billion from $27.299 billion in 2005.

Articles of Apparel and Clothing Accessories followed with a combined share of

5.6 percent and an aggregate receipt of $2.646 billion or 14.6 percent higher than the $2.309

billion in 2005.

Figure 1 Philippine Trade Performance: 2005 and 2006

-10000

20000

50000

80000

110000

FOB

Val

ue (i

n M

illio

n U

S D

olla

rs)

Total Exports Imports BOT-G

20062005

THE COUNTRY’S FOREIGN TRADE PERFORMANCE IN 2006 3

Petroleum Products

Cathodes and Sections of Cathodes of Refined Copper

Articles of Apparel and Clothing Accessories

Electronic Products

Woodcrafts and Furniture

0 5000 10000 15000 20000 25000 30000 35000 40000

FOB Value (in Million US Dollars)

20062005

Cathodes and Sections of Cathodes of Refined Copper ranked third with a share of

2.6 percent, posting a strong year-on-year growth of 240.9 percent to $1.231 billion from

$361.12 million in 2005.

Woodcrafts and Furniture, accounting for 2.0 percent share, ranked fourth with

export receipts of $926.17 million or a growth of 109.6 percent from $441.80 million in 2005.

Petroleum Products, contributing 1.9 percent of the total export receipts, were the

RP’s fifth top export in 2006 with sales amounting to $918.29 million, reflecting an increase of

56.8 percent from $585.75 million in 2005.

Rounding up the list of top exports for 2006 were Other Products Manufactured

from Materials Imported on Consignment Basis, $790.11 million or an annual growth of 36.6

percent; Ignition Wiring Sets and Other Wiring Sets Used in Vehicles, Aircrafts and Ships,

worth $787.55 million, up by 9.8 percent; Coconut Oil with an export value of $578.77 million,

down by 11.9 percent; Bananas (Fresh) with proceeds billed at $405.44 million, gained by 11.8

percent; and Metal Components, worth $400.08 million or a decrease of 2.2 percent from

$409.13 million in 2005.

Figure 2 Philippine Top Exports: 2006 & 2005

THE COUNTRY’S FOREIGN TRADE PERFORMANCE IN 2006 4

0 5000 10000 15000 20000 25000 30000 35000

FOB Value (in Million US Dollars)

2006

2005

2006 TOP 10 IMPORTS ACCOUNT 82.2 PERCENT OF IMPORT BILL Aggregate payment for the country’s top ten imports for 2006 reached $42.533 billion or

82.2 percent of the total import bill, registering a 10.3 percent increase from $38.562 billion in

2005. (see Table 3)

Electronic Products, accounting for 47.2 percent of the total import bill, posted an

increase of 6.9 percent to $24.457 billion from $22.882 billion in 2005.

Mineral Fuels, Lubricants and Related Materials ranked second with a 15.4 percent

share and posted a growth of 27.4 percent to $7.999 billion from last year’s $6.280 billion.

Transport Equipment ranked third, comprising 3.9 percent of the total imports and grew

by 19.7 percent to $2.018 billion from $1.685 billion in 2005.

Industrial Machinery and Equipment, ranking fourth, recorded a share of 3.8 percent or

$1.984 billion worth of imports, up by 9.2 percent from $1.818 billion a year ago.

Iron and Steel ranked fifth with a 2.3 percent share of the total imports, worth $1.195

billion which was lower by 13.5 percent from $1.381 billion in 2005.

Textile Yarn, Fabrics, Made-up Articles and Related Products, accounting for 2.2

percent of total imports, ranked sixth as foreign bill amounted to $1.146 billion or an annual growth

of 10.1 percent from $1.041 billion in 2005.

Rounding up the list for the top imports for 2006 were Cereals and Cereal

Preparations, $1.048 billion; Plastics in Primary and Non-Primary Forms, $943.49 million;

Organic and Inorganic Chemical, $899.48 million; and Telecommunication Equipment and

Electrical Machinery, $843.10 million.

Figure 3 Philippine Top Imports: 2006 & 2005

Electronic Products

Mineral Fuels, Lubricants and Related Materials

Transport Equipment

Industrial Machinery and Equipment

Iron and Steel

THE COUNTRY’S FOREIGN TRADE PERFORMANCE IN 2006 5 UNITED STATES OF AMERICA ACCOUNTS FOR 17.3 PERCENT OF RP’s TOTAL TRADE

The country’s top ten trading partners posted a total trade value of $78.355 billion or

79.0 percent of the total; comprising total export receipts of $40.594 billion or 85.6 percent of the

total exports; and total import bill of $37.761 billion or 72.9 percent of the total imports.

United States of America (USA) remained the country’s top trading partner in 2006,

cornering 17.3 percent of the country’s total trade. Exports to USA totaled $8.690 billion while

imports were valued at $8.437 billion, posting a trade surplus of $252.57 million (see Table 4)

Electronic Products contributed the biggest share at $4.130 billion or 47.5 percent of the total

exports to the country, followed by Articles of Apparel and Clothing Accessories at $2.086

billion or 24.0 percent share of the total exports. Majority of the imported products from USA were

Electronic Products billed at $6.448 billion or 76.4 percent of the total imports and Cereals and

Cereal Preparations at $333.94 million or a 4.0 percent share of the total imports. (see Tables 5

and 6)

Japan followed as the country’s second largest trading partner in 2006 with a total trade

worth $15.188 billion or 15.3 percent of the total trade. Export receipts stood at $7.918 billion

while payments for imports were valued at $7.270 billion, resulting to a $647.59 million trade

surplus. The biggest receipt came from Electronic Products at $4.451 billion or 56.2 percent of

the country’s exports to Japan. Woodcrafts and furniture followed with total receipts of $624.14

million or 7.9 percent of the total exports to the country. Imported goods purchased from Japan

consisted of Electronic Products worth $4.120 billion or 56.7 percent of the total imports from

the country. Industrial Machinery and Equipment was next at $652.10 million or a share of 9.0

percent of the total imports. (see Tables 5 and 6)

People’s Republic of China came third, accounting for an 8.3 percent of the total trade

in 2006. Receipts from exports to China were valued at $4.628 billion while payment for imports

totaled to $3.647 billion, reflecting a trade surplus of $980.31 million. The bulk of exports came

from Electronic Products worth $3.814 billion or 82.4 percent of the total exports to the country

and Cathodes and Sections of Cathodes of Refined Copper at $178.71 million or 3.9 percent

share. Electronic Products and Iron and Steel were the major imports from China with

purchases worth $1.586 billion or 43.5 percent of the total and $308.13 million or 8.4 percent of

the total, respectively. (see Tables 5 and 6)

Singapore emerged as the fourth largest trading partner of the country with a total trade

amounting to $7.884 billion or a share of 7.9 percent to total trade. Registered export receipts

were valued at $3.505 billion while import bill reached $4.379 billion, resulting to a trade deficit of

THE COUNTRY’S FOREIGN TRADE PERFORMANCE IN 2006 6 $873.71 million. Electronic Products and Petroleum Products were the country’s major exports

to Singapore with earnings of $2.469 billion or 70.4 percent share and $406.44 million or 11.6

percent of the total exports, respectively. Similarly, Electronic Products with import bill of $2.063

billion or 47.1 percent share, and Mineral Fuels, Lubricants and Related Materials worth

$1.300 billion or 29.7 percent of the total imports were the major imports from Singapore. (see

Tables 5 and 6)

EUROPEAN UNION CORNERS 13.3 PERCENT OF RP’s TOTAL TRADE

Total external trade in goods with the European Union (EU) grossed $13.165 billion or

13.3 percent of the country’s total trade. Exports to EU reached $8.722 billion or 18.4 percent of

the total export receipts, while imports were valued at $4.443 billion with a share of 8.6 percent,

resulting to a balance of trade in goods (BOT-G) surplus of $4.279 billion. Among the EU

member-countries, Netherlands was RP’s top trading partner with a total trade of $5.179 billion or

39.3 percent of EU’s total trade. Receipts from exports to Netherlands totaled to $4.769 billion while payment for imports was $409.47 million or a trade surplus of $4.360 billion (see Table 7)

Exports To

USA18.3%

Japan16.7%

Netherlands10.1%China, People's

Republic of9.8%

Hong Kong7.8%

Others37.3%

Imports FromOthers46.2%

USA16.3%

Singapore8.5%

Taiwan8.0%

People's Republic of

China7.0%

Japan14.0%

Figure 4 Major Trading Partners of the Philippines: 2006

Figure 5 Philippine Trade with EU and ASEAN: 2006

EU13.3%

ASEAN18.6%

Others68.2%

Singapore 42.8%

Malaysia 25.7%

Thailand 18.5%

Indonesia 7.3% Others 5.7%

Netherlands 39.3%

Germany 23.9%

Belgium 7.6%

Ireland 7.5%

Others 21.7%

THE COUNTRY’S FOREIGN TRADE PERFORMANCE IN 2006 7 ASEAN TOTAL TRADE STANDS AT $18.411 BILLION

Total external trade in goods with ASEAN member-countries for 2006 amounted to

$18.411 billion or 18.6 percent of the country’s entire trade. Exports to ASEAN member-countries

were valued at $8.192 billion while imports were worth $10.218 billion, generating a trade deficit

of $2.026 billion. Singapore emerged as the country’s top trading partner among the ASEAN

member-countries with a total trade accounting for $7.884 billion or 42.8 percent share of the

ASEAN total trade. Exports to Singapore registered earnings of $3.505 billion while imports

payment was $4.379 billion, which resulted to an $873.71million trade deficit. (see Table 7)

Leading exports for the ASEAN member-countries were Electronic Products, $5.175

billion; Cathodes and Sections of Cathodes of Refined Copper, $523.27 million; Petroleum

Products, $440.38 million; Metal Components, $128.18 million; and Fertilizers Manufactured,

$77.64 million. (see Table 8)

Top imports from the ASEAN member-countries were Electronic Products, $3.643

billion; Mineral Fuels, Lubricants and Related Materials, $2.082 billion; Transport Equipment,

$729.12 million; Cereals and Cereal Preparations, $443.75 million; and Industrial Machinery

and Equipment, $326.38 million. (see Table 9)

APEC TOTAL TRADE TO RP REACHES $78.183 BILLION

Total external trade with APEC member-countries for 2006 amounted to $78.183 billion

or 78.8 percent of the entire trade. Export receipts totaled to $37.577 billion or 79.3 percent of the

total exports while import payments summed up to $40.606 billion or a 78.4 percent share of the

total imports. Topping the list were USA, $17.126 billion or 21.9 percent share; Japan, $15.188 or

19.4 percent share; People’s Republic of China, $8.275 billion or 10.6 percent share; and

Singapore, $7.884 billion or 10.1 percent share of the APEC total trade. (see Table 10)

Electronic Products were still the major export to APEC member-countries with

receipts valued at $23.212 billion or 61.8 percent share of the total APEC exports. The other top

exports were Articles of Apparel and Clothing Accessories, $2.310 billion; Cathodes and

Section of Cathodes of Refined Copper, $1.185 billion; Petroleum Products, $872.92 million;

and Woodcrafts and Furniture, $848.88 million. (see Table 11)

THE COUNTRY’S FOREIGN TRADE PERFORMANCE IN 2006 8

Topping the list of imported goods from APEC countries were Electronic Products,

$21.872 billion; Mineral Fuels, Lubricants and Related Materials, $3.094 billion; Industrial

Machinery and Equipment, $1.642 billion; Transport Equipment, $1.486 billion; and Iron and

Steel, $1.104 billion. (see Table 12)

Figure 6 RP’s Major APEC Trading Partners: 2006

Exports to APEC

Other Countries

20.7%

APEC79.3%

United States of America 23.1%

Japan 21.1%

Singapore 9.3%

People's Republic of China 12.3%

Hong Kong 9.9%

Others 24.3%

Imports from APEC

APEC78.4%

Other Countries

21.6%People’s Republic of China 9.0%

United States of America 20.8%

Japan 17.9%

Singapore 10.8%

Taiwan 10.2%

Others 31.3%

THE COUNTRY'S FOREIGN TRADE PERFORMANCE IN 2006 9

Table 1 Total Trade by Month and Year: 2004-2006 (F.O.B. Value in Million US Dollars)

Month/Year Imports Exports Balance Total Trade

2004 83,720 44,039 39,681 -4,359 2005 88,673 47,418 41,255 -6,163 2006 99,184 51,774 47,410 -4,364January 2004 6,331 3,481 2,849 -632 6,331 3,481 2,849 -632 2005 6,796 3,501 3,294 -207 6,796 3,501 3,294 -207 2006 7,240 3,707 3,533 -174 7,240 3,707 3,533 -174February 2004 6,318 3,314 3,005 -309 12,649 6,795 5,854 -941 2005 6,211 3,211 3,000 -211 13,007 6,713 6,294 -418 2006 6,864 3,415 3,448 33 14,103 7,122 6,981 -141March 2004 7,284 3,922 3,362 -560 19,933 10,717 9,216 -1,501 2005 7,100 3,832 3,268 -564 20,107 10,545 9,562 -983 2006 8,400 4,227 4,174 -53 22,504 11,349 11,155 -194April 2004 6,747 3,765 2,982 -782 26,680 14,482 12,198 -2,283 2005 7,358 4,113 3,246 -867 27,465 14,657 12,808 -1,849 2006 8,335 4,417 3,918 -499 30,838 15,766 15,073 -693May 2004 6,852 3,584 3,268 -316 33,532 18,066 15,466 -2,600 2005 7,103 3,798 3,305 -493 34,568 18,455 16,113 -2,342 2006 8,333 4,448 3,885 -563 39,171 20,214 18,958 -1,256June 2004 7,096 3,778 3,318 -460 40,628 21,844 18,784 -3,060 2005 7,569 4,210 3,359 -852 42,137 22,665 19,471 -3,194 2006 8,589 4,534 4,055 -479 47,760 24,748 23,013 -1,735July 2004 6,870 3,761 3,109 -652 47,497 25,605 21,893 -3,712 2005 7,336 3,833 3,503 -330 49,473 26,498 22,974 -3,524 2006 8,429 4,412 4,016 -396 56,189 29,160 27,029 -2,131August 2004 7,118 3,688 3,430 -258 54,615 29,292 25,323 -3,969 2005 7,752 4,239 3,513 -726 57,224 30,737 26,487 -4,250 2006 9,157 4,884 4,274 -610 65,347 34,044 31,303 -2,741September 2004 7,458 3,817 3,641 -175 62,073 33,109 28,964 -4,145 2005 8,012 4,337 3,675 -662 65,236 35,075 30,162 -4,913 2006 8,534 4,355 4,178 -177 73,880 38,399 35,481 -2,918October 2004 7,761 4,008 3,753 -254 69,835 37,117 32,718 -4,399 2005 7,794 4,159 3,635 -525 73,030 39,234 33,796 -5,437 2006 8,894 4,686 4,207 -479 82,774 43,086 39,689 -3,397November 2004 7,343 3,658 3,685 28 77,178 40,775 36,403 -4,372 2005 7,606 3,975 3,631 -344 80,636 43,209 37,428 -5,781 2006 8,541 4,510 4,031 -479 91,315 47,595 43,720 -3,876December 2004 6,542 3,265 3,277 13 83,720 44,039 39,681 -4,359 2005 8,037 4,209 3,827 -382 88,673 47,418 41,255 -6,163 2006 7,869 4,178 3,690 -488 99,184 51,774 47,410 -4,364

Note: Components may not add up to total due to rounding.

Total Trade

Cumulative

Imports Exports Balance

THE COUNTRY'S FOREIGN TRADE PERFORMANCE IN 2006 10

Table 2 Value of Top 10* Principal Exports to All Countries: 2005 and 2006(F.O.B. Value in Million U.S. Dollars)

Percent Percent GrowthShare Share Rate (%)

Total 47,410.12 100.0 41,254.68 100.0 14.9

Total of Top Ten Exports 38,367.00 80.9 33,721.27 81.7 13.8

1. Electronic Products 1/ 29,683.05 62.6 27,298.73 66.2 8.7 2. Articles of Apparel and Clothing Accessories 1/ 2,646.36 5.6 2,309.16 5.6 14.6 3. Cathodes & Sections Of Cathodes, Of Refined Copper 1,231.18 2.6 361.12 0.9 240.9 4. Woodcrafts and Furniture 926.17 2.0 441.80 1.1 109.6 5. Petroleum Products 2/ 918.29 1.9 585.75 1.4 56.8 6. Other Products Manufactured from Materials Imported on

Consignment Basis 3/ 790.11 1.7 578.32 1.4 36.6 7. Ignition Wiring Set and Other Wiring Sets Used in

Vehicles, Aircrafts and Ships 1/ 787.55 1.7 717.46 1.7 9.8 8. Coconut Oil 4/ 578.77 1.2 657.22 1.6 (11.9) 9. Bananas (Fresh) 405.44 362.58 0.9 11.810. Metal Components 400.08 0.8 409.13 1.0 (2.2)11. Others 9,043.12 19.1 7,533.41 18.3 20.0

* Based on Jan-Dec 2006 ranking 1/ includes on consignment and not on consignment 2/ includes refined petroleum products, manufactured from crude petroleum oil 3/ includes diamonds, precious and synthetic gem stones, machinery and equipments; prefabricated steel structures manufactured on consignment basis 4/ includes crude and refinedNote: Growth rates were computed from actual values. Components may not add up to total due to rounding

Commodity Description 2006 2005

Table 3 Value o f Top 10* Philippine Im ports from All C ountries: 2005 and 2006(F .O .B . Value in M illion U .S . D olla rs )

Percent Percent G rowthShare Share R ate (% )

Total 51,773 .68 100.0 47,418 .18 100 .0 9.2

T o ta l o f Top T en Im ports 42,533 .04 82.2 38,561 .53 81 .3 10.3

1 . E lec tronic Products 1 / 24,456 .93 47.2 22,882 .07 48 .3 6.9 2 . M ine ra l Fuels, Lubricants and R elated M ateria ls 7,998 .73 15.4 6,280 .06 13 .2 27.4 3 . T ransport Equipm ent 2,017 .54 3.9 1,685 .36 3 .6 19.7 4 . Industria l M ach inery and Equipm ent 1,984 .09 3.8 1,817 .61 3 .8 9.2 5 . Iron and S teel 1,195 .09 2.3 1,381 .28 2 .9 (13.5 ) 6 . T extile Yarn, Fabrics , M ade-U p A rtic les and R elated P roducts 1 / 1,146 .38 2.2 1,041 .33 2 .2 10.1 7 . C ereals and C ereal Preparations 1,048 .22 2.0 918 .53 1 .9 14.1 8 . P las tics in P rim ary and N on-Prim ary Form s 943.49 1.8 857 .34 1 .8 10.0 9 . O rganic and Inorganic C hem ical 899 .48 1.7 824 .23 1 .7 9.1 10 . T elecom m un ication Equipm ent and E lec trical M achinery 2/ 843 .10 1.6 873 .73 1 .8 (3.5 ) 11 . O thers 9,240 .65 17.8 8,856 .66 18 .7 4.3

* B ased on Jan-D ec 2006 rank ing 1 / inc ludes on consignm ent and not on consignm ent 2 / inc ludes te lecom m un ications and sound record ing and reproducing apparatus and equipm entNote: G rowth rates were com puted from actual va lues. C om ponents m ay not add up to to ta l due to rounding.

C om m odity D escription 2006 2005

Total Trade Exports to Imports fromFavorable +

Unfavorable (-)

Total 99,183.80 100.0 47,410.12 100.0 51,773.68 100.0Total of Top Ten Countries 78,355.04 79.0 40,594.49 85.6 37,760.54 72.9

1. United States of America 1/ 17,126.49 17.3 8,689.53 18.3 8,436.96 16.3 2. Japan 2/ 15,188.06 15.3 7,917.82 16.7 7,270.24 14.0 3. China, People's Republic of 8,275.01 8.3 4,627.66 9.8 3,647.35 7.0 4. Singapore 7,883.72 7.9 3,505.01 7.4 4,378.72 8.5 5. Taiwan 6,155.30 6.2 2,010.28 4.2 4,145.02 8.0 6. Hongkong 5,801.60 5.8 3,706.01 7.8 2,095.60 4.0 7. Netherlands 5,178.66 5.2 4,769.20 10.1 409.47 0.8 8. Malaysia 3/ 4,723.57 4.8 2,621.44 5.5 2,102.13 4.1 9. Korea, Republic of 4,622.40 4.7 1,422.83 3.0 3,199.57 6.210. Thailand 3,400.21 3.4 1,324.72 2.8 2,075.49 4.011. Others 20,828.76 21.0 6,815.62 14.4 14,013.14 27.1

1/ includes Alaska and Hawaii 2/ includes Okinawa 3/ includes Sabah and SarawakNote: Components may not add up to total due to rounding

Table 4 Philippine Major Trading Partners: 2006(F.O.B. Value in Million U.S. Dollars)

CountryBalance of Trade

Value % Share Value % Share Value % Share

(4,363.57) 2,833.95

252.57 647.59 980.31

(873.71) (2,134.74)

(750.76) (7,197.52)

1,610.41 4,359.73

519.31 (1,776.74)

THE COUNTRY'S FOREIGN TRADE PERFORMANCE IN 2006 11

Table 5 Philippine Exports to Major Trading Partners: 2006(F.O.B. Value in Million U.S. Dollars)

Country/Commodity Value % Share

United States 1/ 8,689.53 100.0 Electronic Products 2/ 4,129.65 47.5 Articles of Apparel and Clothing Accessories 2/ 2,086.25 24.0 Ignition Wiring Sets and other Wiring Sets used in Vehicles 288.07 3.3 Coconut Oil 3/ 218.53 2.5 Woodcraft and Furniture 191.72 2.2

Japan 4/ 7,917.82 100.0 Electronic Products 2/ 4,450.88 56.2 Woodcraft and Furniture 624.14 7.9 Ignition Wiring Sets and other Wiring Sets used in Vehicles 331.40 4.2 Bananas (fresh) 169.32 2.1 Iron Ore Agglomerates 138.32 1.7

Netherlands 4,769.20 100.0 Electronic Products 2/ 4,274.43 89.6 Coconut Oil 3/ 222.30 2.8 Articles of Apparel and Clothing Accessories 2/ 39.20 0.5 Pineapple and Pineapple Products 12.19 0.2 Desiccated Coconut 8.39 0.1

China, People's Republic of 4,627.66 100.0 Electronic Products 2/ 3,814.15 82.4 Cathodes and Sections of Cathodes, of Refined Copper 178.71 3.9 Petroleum Products 5/ 112.64 2.4 Bananas (fresh) 28.28 0.6 Metal Components 26.59 0.6

Hong Kong 3,706.01 100.0 Electronic Products 2/ 3,101.39 83.7 Gold 6/ 164.87 4.4 Metal Components 28.48 0.8 Other Products Manufactured from Materials Imported on Consignment Basis 7/ 23.19 0.6 Petroleum Products 5/ 21.60 0.6

Singapore 3,505.01 100.0 Electronic Products 2/ 2,468.87 70.4 Petroleum Products 5/ 406.44 11.6 Cathodes and Sections of Cathodes, of Refined Copper 223.00 6.4 Metal Components 12.90 0.4 Coconut Oil 3/ 10.86 0.3

Malaysia 8/ 2,621.44 100.0 Electronic Products 2/ 2,140.88 81.7 Cathodes and Sections of Cathodes, of Refined Copper 106.83 4.1 Petroleum Products 5/ 24.51 0.9 Coconut Oil 3/ 19.51 0.7 Fertilizers, Manufactured 10.64 0.4

Taiwan 2,010.28 100.0 Electronic Products 2/ 1,489.73 74.1 Cathodes and Sections of Cathodes, of Refined Copper 173.01 8.6 Bananas (fresh) 33.21 1.7 Petroleum Products 5/ 20.45 1.0 Metal Components 11.57 0.6

Korea, Republic of 1,422.83 100.0 Electronic Products 2/ 856.05 60.2 Cathodes and Sections of Cathodes, of Refined Copper 180.72 12.7 Bananas (Fresh) 48.18 3.4 Petroleum Products 5/ 24.26 1.7 Copra Oil Cake or Meal 20.30 1.4

Thailand 1,324.72 100.0 Electronic Products 2/ 463.94 35.0 Cathodes and Sections of Cathodes, of Refined Copper 107.67 8.1 Metal Components 92.04 6.9 Tuna 9/ 8.99 0.7 Petroleum Products 5/ 4.97 0.4

1/ includes Alaska and Hawaii2/ includes on consignment and not on consignment3/ includes crude and refined4/ includes Okinawa5/ includes refined petroleum products, manufactured from crude petroleum oil6/ extracted from copper ores and concentrates

7/ includes diamonds, precious and synthetic gem stones, machinery and equipments;prefabricated steel structures manufactured on consignment basis

8/ includes Sabah and Sarawak9/ includes fresh, frozen, prepared or preserved in airtight containers

Country/Commodity Value % Share

United States of America 1/ 8,436.96 100.0Electronic Products 2/ 6,447.85 76.4Cereals and Cereal Preparations 333.94 4.0Industrial Machinery and Equipment 259.47 3.1Feeding Stuff For Animals (Not Including Unmilled Cereals) 139.94 1.7Professional, Scientific and Controlling Instruments; Photographic and Optical Goods, n.e.s.; Watches and Clocks 137.49 1.6

Japan 3/ 7,270.24 100.0Electronic Products 2/ 4,120.24 56.7Industrial Machinery and Equipment 652.10 9.0Transport Equipment 499.10 6.9Iron and Steel 258.09 3.5Telecommunication Equipment and Electrical Machinery 4/ 225.37 3.1

Singapore 4,378.72 100.0Electronic Products 2/ 2,062.96 47.1Mineral Fuels, Lubricants and Related Materials 1,299.74 29.7Industrial Machinery and Equipment 197.34 4.5Plastics in Primary and Non-Primary forms 139.70 3.2Telecommunication Equipment and Electrical Machinery 4/ 77.79 1.8

Taiwan 4,145.02 100.0Electronic Products 2/ 2,830.40 68.3Mineral Fuels, Lubricants and Related Materials 412.81 10.0Textile Yarn, Fabrics, Made-up Articles and Related Products 159.28 3.8Iron and Steel 113.98 2.7Plastics in Primary and Non-Primary forms 88.04 2.1

China, People's Republic of 3,647.35 100.0Electronic Products 2/ 1,585.89 43.5Iron and Steel 308.13 8.4Textile Yarn, Fabrics, Made-up Articles and Related Products 234.66 6.4Mineral Fuels, Lubricants and Related Materials 138.53 3.8Organic and Inorganic Chemical 125.45 3.4

Korea, Republic of 3,199.57 100.0Electronic Products 2/ 1,791.39 56.0Mineral Fuels, Lubricants and Related Materials 308.13 9.6Textile Yarn, Fabrics, Made-up Articles and Related Products 231.94 7.2Iron and Steel 122.35 3.8Industrial Machinery and Equipment 116.33 3.6

Malaysia 5/ 2,102.13 100.0Electronic Products 2/ 900.90 42.9Mineral Fuels, Lubricants and Related Materials 449.90 21.4Plastics in Primary and Non-Primary forms 74.97 3.6Industrial Machinery and Equipment 67.49 3.2Organic and Inorganic Chemical 54.05 2.6

Hongkong 2,095.60 100.0Electronic Products 2/ 1,348.39 64.3Textile Yarn, Fabrics, Made-up Articles and Related Products 241.70 11.5Telecommunication Equipment and Electrical Machinery 4/ 60.94 2.9Industrial Machinery and Equipment 60.41 2.9Miscellaneous Manufactured Articles 56.94 2.7

Thailand 2,075.49 100.0Transport Equipment 567.23 22.3Electronic Products 2/ 462.49 27.3Mineral Fuels, Lubricants and Related Materials 123.05 5.9Plastics in Primary and Non-Primary forms 66.67 3.2Industrial Machinery and Equipment 48.27 2.3

Netherlands 409.47 100.0Electronic Products 2/ 213.49 52.1Industrial Machinery and Equipment 34.34 8.4Telecommunication Equipment and Electrical Machinery 4/ 15.23 3.7Medicinal and Pharmaceutical Products 10.83 2.6Chemical Materials and Products, n.e.s. 10.23 2.5

1/ includes Alaska and Hawaii2/ includes on consignment and not on consignment3/ includes Okinawa4/ includes telecommunications and sound recording and reproducing apparatus and equipment5/ includes Sabah and Sarawak

Table 6 Philippine Imports from Major Trading Partners: 2006(F.O.B. Value in Million U.S. Dollars)

THE COUNTRY'S FOREIGN TRADE PERFORMANCE IN 2006 12

Total Trade Exports to Imports fromCountry Favorable +

Unfavorable (-)

European Union (EU) 13,164.79 100.0 8,721.69 100.0 4,443.10 100.0

Netherlands 5,178.66 39.3 4,769.20 54.7 409.47 9.2 Germany 3,149.36 23.9 1,781.29 20.4 1,368.07 30.8 Belgium 998.26 7.6 734.01 8.4 264.25 5.9 Ireland 981.27 7.5 96.70 1.1 884.57 19.9 United Kingdom of Great Britain 850.12 6.5 484.10 5.6 366.02 8.2 France 551.48 4.2 215.28 2.5 336.20 7.6 Italy 362.97 2.8 198.45 2.3 164.53 3.7 Spain 199.97 1.5 87.33 1.0 112.64 2.5 Finland 171.06 1.3 46.36 0.5 124.70 2.8 Sweden 150.07 1.1 27.07 0.3 123.01 2.8 Hungary 114.04 0.9 102.71 1.2 11.34 0.3 Austria 111.68 0.8 53.49 0.6 58.19 1.3 Czech Republic (Czechoslovakia) 105.84 0.8 20.55 0.2 85.29 1.9 Denmark 79.11 0.6 23.18 0.3 55.93 1.3 Slovak Republic (Slovakia) 58.00 0.4 3.55 a 54.45 1.2 Portugal 27.32 0.2 15.10 0.2 12.22 0.3 Malta 23.76 0.2 23.08 0.3 0.68 aGreece 19.96 0.2 14.09 0.2 5.87 0.1 Poland 15.40 0.1 13.43 0.2 1.97 aSlovenia 5.03 a 3.12 a 1.91 aEstonia 4.00 a 3.77 a 0.24 aLuxembourg 3.44 a 2.47 a 0.97 aCyprus 1.86 a 1.35 a 0.51 aLithuania 1.55 a 1.48 a 0.06 aLatvia (Latvian Soviet Socialist Rep.) 0.56 a 0.55 a 0.01 a

Association of Southeast Asian 18,410.55 100.0 8,192.20 100.0 10,218.34 100.0 Nations (ASEAN)

Singapore 7,883.72 42.8 3,505.01 42.8 4,378.72 42.9 Malaysia 1/ 4,723.57 25.7 2,621.44 32.0 2,102.13 20.6 Thailand 3,400.21 18.5 1,324.72 16.2 2,075.49 20.3 Indonesia 1,350.60 7.3 364.02 4.4 986.58 9.7 Vietnam 1,026.94 5.6 354.16 4.3 672.78 6.6 Brunei Darussalam 6.36 a 6.29 0.1 0.08 aMyanmar, Union of (Burma) 9.16 a 7.59 0.1 1.56 aCambodia (Democratic Kampuchea) 9.53 0.1 8.52 0.1 1.01 aLao People's Democratic Rep. (Laos) 0.45 a 0.45 a - -

a less than 0.1 percent

- no value

1/ includes Sabah and Sarawak

Note: Components may not add up to total due to rounding

2.87 22.40

91.37

11.45

(32.75)

8.23

7.51 0.45

(750.76) (622.56) (318.62)

6.21 6.03

(873.71) 519.31

1.21

1.42 0.54

0.84

(2,026.14)

3.53 1.50

33.92

(50.90)

(25.30)

(64.75) (4.70)

(78.34) (95.94)

118.08 (120.92)

4,278.59

4,359.73 413.22 469.76

(787.86)

Table 7 Philippine Trade with EU and ASEAN: 2006(F.O.B. Value in Million U.S. Dollars)

Balance of Trade

Value % Share Value % Share Value % Share

E c o n o m ic B lo c /C o m m o d ity V a lu e % S h a re

E u ro p e a n U n io n (E U ) 8 ,7 2 1 .6 9 1 0 0 .0

E le c tro n ic P ro d u c ts 1 / 6 ,2 7 0 .3 6 7 1 .9 O th e r P ro d u c ts M a n u fa c tu re d f ro m M a te r ia ls Im p o r te d o n C o n s ig n m e n t B a s is 2 / 5 0 6 .1 5 5 .8 A r t ic le s o f A p p a re l a n d C lo th in g A c c e s s o r ie s 1 / 2 6 2 .4 0 3 .0 C o c o n u t O i l 3 / 2 4 7 .8 9 2 .8 D e s ic c a te d C o c o n u t 5 4 .0 6 0 .6

A s s o c ia t io n o f S o u th e a s t A s ia n N a t io n s (A S E A N ) 8 ,1 9 2 .2 0 1 0 0 .0

E le c tro n ic P ro d u c ts 1 / 5 ,1 7 4 .9 9 6 3 .2 C a th o d e s a n d S e c t io n s o f C a th o d e s , o f R e f in e d C o p p e r 5 2 3 .2 7 6 .4 P e tro le u m P ro d u c ts 4 / 4 4 0 .3 8 5 .4 M e ta l C o m p o n e n ts 1 2 8 .1 8 1 .6 F e r t i l iz e rs , M a n u fa c tu re d 7 7 .6 4 0 .9

1 / in c lu d e s o n c o n s ig n m e n t a n d n o t o n c o n s ig n m e n t2 / in c lu d e s d ia m o n d s , p re c io u s a n d s y n th e t ic g e m s to n e s , m a c h in e ry a n d e q u ip m e n ts ;

p re fa b ric a te d s te e l s tru c tu re s m a n u fa c tu re d o n c o n s ig n m e n t b a s is3 / in c lu d e s c ru d e a n d re f in e d4 / in c lu d e s re f in e d p e tro le u m p ro d u c ts , m a n u fa c tu re d f ro m c ru d e p e tro le u m o il

T a b le 8 M a jo r P h i l ip p in e E x p o r ts to E U a n d A S E A N : 2 0 0 6(F .O .B . V a lu e in M ill io n U .S . D o lla rs )

Economic Bloc/Commodity Value % Share

European Union (EU) 4,443.10 100.0

Electronic Products 1/ 2,239.40 50.4 Transport Equipment 458.34 10.3 Industrial Machinery and Equipment 294.96 6.6 Medicinal and Pharmaceutical Products 246.27 5.5 Chemical Materials and Products, n.e.s. 92.59 2.1

Association of Southeast Asian Nations (ASEAN) 10,218.34 100.0

Electronic Products 1/ 3,643.17 35.7 Mineral Fuels, Lubricants and Related Materials 2,081.69 20.4 Transport Equipment 729.12 7.1 Cereals and Cereal Preparations 443.75 4.3 Industrial Machinery and Equipment 326.38 3.2

1/ includes on consignment and not on consignment

Table 9 Major Philippine Imports from EU and ASEAN: 2006(F.O.B. Value in Million U.S. Dollars)

THE COUNTRY'S FOREIGN TRADE PERFORMANCE IN 2006 13

Total Trade Exports to Imports fromCountry Favorable +

Unfovarable (-)

Asia Pacific EconomicCooperation (APEC) 78,182.96 100.0 37,577.15 100.0 40,605.81 100.0

United States of America 1/ 17,126.49 21.9 8,689.53 23.1 8,436.96 20.8Japan 2/ 15,188.06 19.4 7,917.82 21.1 7,270.24 17.9China, People's Republic of 8,275.01 10.6 4,627.66 12.3 3,647.35 9.0Singapore 7,883.72 10.1 3,505.01 9.3 4,378.72 10.8Taiwan 6,155.30 7.9 2,010.28 5.3 4,145.02 10.2Hong Kong 5,801.60 7.4 3,706.01 9.9 2,095.60 5.2Malaysia 3/ 4,723.57 6.0 2,621.44 7.0 2,102.13 5.2Korea, Republic of 4,622.40 5.9 1,422.83 3.8 3,199.57 7.9Thailand 3,400.21 4.3 1,324.72 3.5 2,075.49 5.1Indonesia 1,350.60 1.7 364.02 1.0 986.58 2.4Australia 1,106.46 1.4 488.21 1.3 618.25 1.5Viet Nam 1,026.94 1.3 354.16 0.9 672.78 1.7Canada 524.34 0.7 286.09 0.8 238.25 0.6New Zealand 326.58 0.4 53.17 0.1 273.40 0.7Russian Federation 228.36 0.3 23.53 0.1 204.83 0.5Mexico 187.01 0.2 143.64 0.4 43.37 0.1Papua New Guinea 175.47 0.2 5.16 a 170.31 0.4Chile 42.09 0.1 20.16 0.1 21.93 0.1Peru 32.36 a 7.41 a 24.94 0.1Brunei Darrusalam 6.36 a 6.29 a 0.08 a

a less than 0.1 percent1/ includes Alaska and Hawaii2/ includes Okinawa3/ includes Sabah and Sarawak

Note: Components may not add up to total due to rounding

519.31

(750.76)

6.21

(1.78)

47.84

100.27 (181.30) (220.23)

(165.16)

(17.53)

Value % Share

(622.56)

(318.62)

(873.71) (2,134.74)

(1,776.74)

(130.03)

980.31

1,610.41

(3,028.66)

647.59 252.57

Table 10 Philippine Trade with APEC: 2006(F.O.B. Value in Million U.S. Dollars)

Balance of Trade

Value % Share Value % Share

Table 11 Major Philippine Exports to APEC: 2006(F.O.B. Value in Million U.S. Dollars)

Economic Bloc/Commodity Value % Share

Asia Pacific Economic Cooperation (APEC) 37,577.15 100.0

Electronic Products 1/ 23,211.67 61.8 Articles of Apparel and Clothing Accessories 1/ 2,310.29 6.1 Cathodes and Sections of Cathodes, of Refined Copper 1,185.23 3.2 Petroleum Products 2/ 872.92 2.3 Woodcrafts and Furniture 848.88 2.3

1/ includes on consignment and not on consignment 2/ includes refined petroleum products, manufactured from crude petroleum oil

Table 12 Major Philippine Imports from APEC: 2006(F.O.B. Value in Million U.S. Dollars)

Economic Bloc/Commodity Value % Share

Asia Pacific Economic Cooperation (APEC) 40,605.81 100.0

Electronics Products 1/ 21,872.33 53.9 Mineral Fuels, Lubricants and Related Materials 3,094.30 7.6 Industrial Machinery and Equipment 1,641.66 4.0 Transport Equipment 1,486.07 3.7 Iron and Steel 1,103.95 2.7

1/ includes on consignment and not on consignment

Section 2

Summary Statistical Tables on Foreign Trade

FOREIGN TRADE STATISTICS OF THE PHILIPPINES 15

Table 1 Foreign Trade of the Philippines: 1890-2006(F.O.B. Value in Million U.S. Dollars)

Exports 1/ Imports Balance of trade

Year Total Percent to Average Percent to Average Favorable (+)trade total trade exchange rate total trade exchange rate Unfavorable (-)

1890 22.24 12.58 56.56 2.00 9.66 43.44 2.00 2.92 + 1894 a/ 30.85 16.57 53.71 2.00 14.28 46.29 2.00 2.29 + 1900 47.85 22.99 48.05 2.00 24.86 51.95 2.00 1.87 - 1905 63.50 33.45 52.68 2.00 30.05 47.32 2.00 3.40 + 1910 90.35 40.63 44.97 2.00 49.72 55.03 2.00 9.09 - 1915 103.12 53.81 52.18 2.00 49.31 47.82 2.00 4.50 + 1920 300.56 151.12 50.28 2.00 149.44 49.72 2.00 1.68 + 1925 268.61 148.88 55.43 2.00 119.73 44.57 2.00 29.15 + 1926 256.18 136.88 53.43 2.00 119.30 46.57 2.00 17.58 + 1927 271.42 155.57 57.32 2.00 115.85 42.68 2.00 39.72 + 1928 289.71 155.05 53.52 2.00 134.66 46.48 2.00 20.39 + 1929 311.61 164.45 52.77 2.00 147.16 47.23 2.00 17.29 + 1930 256.26 133.17 51.97 2.00 123.09 48.03 2.00 10.08 + 1931 203.15 103.97 51.18 2.00 99.18 48.82 2.00 4.79 + 1932 179.78 100.37 55.83 2.00 79.41 44.17 2.00 20.96 + 1933 177.99 110.62 62.15 2.00 67.37 37.85 2.00 43.25 + 1934 199.86 116.24 58.16 2.00 83.62 41.84 2.00 32.62 + 1935 187.47 101.93 54.37 2.00 85.54 45.63 2.00 16.39 + 1936 248.81 147.68 59.35 2.00 101.13 40.65 2.00 46.55 + 1937 275.99 166.96 60.49 2.00 109.03 39.51 2.00 57.93 + 1938 279.62 147.00 52.57 2.00 132.62 47.43 2.00 14.38 + 1939 280.45 157.89 56.30 2.00 122.56 43.70 2.00 35.33 + 1940 290.65 155.92 53.65 2.00 134.73 46.35 2.00 21.19 + 1941 296.72 161.13 54.30 2.00 135.59 45.70 2.00 25.54 + 1942 b/ b/ b/ b/ b/ b/ b/ b/ 1943 b/ b/ b/ b/ b/ b/ b/ b/ 1944 b/ b/ b/ b/ b/ b/ b/ b/ 1945 29.60 0.67 2.26 2.00 28.93 97.74 2.00 28.26 - 1946 360.05 64.19 17.83 2.00 295.86 82.17 2.00 231.67 - 1947 776.90 265.55 34.18 2.00 511.35 65.82 2.00 245.80 - 1948 887.41