The Treasurer’s Guide to Trade Finance

(Martin Jones) #1

Japan


Principal exports


Motor vehicles, semiconductors, iron and steel
products, auto parts, plastic materials, power
generating machinery.


Documentation


Imports


ƒ Bill of lading, cargo dispatch document,
commercial invoice, customs import
declaration and a packing list.


Exports


ƒ Bill of lading, commercial invoice and a
customs export declaration.


Licences


Imports


ƒ Some goods that may impact Japanese
industry and the wider economy. (An import
quota certificate is needed from the Ministry
of Economy, Trade and Industry.)


Exports


ƒ Some raw materials for foreign processing
and re-importation.


Tariffs/Taxes
Imports
ƒ Five tariff rates are applied to all imports
(general, WTO, preferential, least developed
country and temporary) depending on the
type of item and its country of origin.
ƒ Generally, imports are subject to duties,
ranging from 3 to 15 percent, and
consumption tax.
ƒ Duties rates can be up to 60 percent, and
additional excise duty is often applied to
alcohol, petrol and tobacco.
Exports
ƒ None.

Financing requirements for imports/
exports
ƒ None.

Prohibited items
Imports
ƒ Items prohibited for national security, or for
moral reasons, to protect and intellectual
property rights in accordance with UN
Security Council resolutions.
ƒ Additional prohibited imports: commodities
such as firearms, opium and other narcotics.
Exports
ƒ Items that are prohibited in accordance with
UN Security Council resolutions.

Japan imports exports


Trade information


Key trading partners


Imports by origin


China 21.5%
EU 9.4%
USA 8.9%
Australia 6.6%
Saudi Arabia 5.9%
Other 47.7%

Source: WTO, September 2012


Exports by destination

China 19.7%
USA 15.5%
EU 11.7%
South Korea 8.0%
Taiwan 6.2%
Other 38.9%
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