BILATERAL TRADE RELATION TIES BETWEEN THE PHILIPPINES AND INDONESIA
BILATERAL TRADE TRENDS BETWEEN THE PHILIPPINES & INDONESIA The commencement of diplomatic relations between the two nations happened way back in the year 1949. Since then, till now, both countries have enjoyed cordial trade relations and exchanged goods and services worth billions of dollars. The bilateral trade between both countries is considered one of the most important relations in ASEAN. As per the Import Export Data of both countries, Indonesia is considered the largest exporter of coal to the Philippines and contributes 70% of total coal imports by the Philippines. Not only consumer goods or raw materials are imported by the Philippines from Indonesia, but also defense products and big artilleries are also imported by the Philippines from Indonesia, as the Philippines Import Data shows that in the year 2016, the Philippines imported Indonesia’s first warship. Other major products that are frequently traded between both nations are automobiles, mineral products, ea