Importing from Japan

Japan Import Guide | Trade Finance Global

Importing from Japan

The Economic Complexity Index rates Japan as the world’s most complex economy, importing and exporting a very similar amount of around $700 billion on average each year and resulting in stable or small negative trade balances. In recent years government policy has focused on weakening the yen in world markets, leading to increases in overseas sales for manufactured goods such as cars and machinery. With the world’s largest electronic goods industry and as the third highest producer of automobiles Japan is also a leading manufacturer in high tech industries such as robotics. Top customers for their goods worldwide are China and the United States (both more than $130 billion), South Korea ($60 billion), Thailand ($40 billion) and Hong Kong ($35 billion)

Japan Country Profile

Official Name (Local Language)Nihon-koku; Nippon-koku
CapitalTokyo
Population126,702,133
CurrencyJapanese Yen
GDP$4,730 billion
LanguagesJapanese
Telephone Dial In81

Japan Exports Profile

Exports ($m USD)

698,097

Number of Export Products

4,199

Number of Export Partners

214

Top 5 export partners

Country

Trade

% Partner Share

United States

135,06

19.35

China

132,786

19.02

Korea, Rep.

53,308

7.64

Other Asia, nes

40,644

5.82

Hong Kong, China

35,437

05.08

Top 5 Export Products at HS 6 digit level

Export Product

Number

Automobiles with reciprocating piston engine di

13.4%

Monolithic integrated circuits, digital

4.9%

Automobiles with reciprocating piston engine di

3.8%

Tansmissions for motor vehicles

3.2%

Machines & mechanical appliances nes having ind

1.7%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Japan

Agriculture

%

Product List

1.2%

Vegetables, rice, fish, poultry, fruit, dairy products, pork, beef, flowers, potatoes/taros/yams, sugar cane, tea, legumes, wheat and barley

Industry

%

Industry List

27.7%

Motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods

Services

%

Services List

71.1%

Importing from Japan: What is trade finance?

Trade finance is a revolving facility which some banks and specialist lenders offer – it enables companies to purchase goods and can help ease cash flow problems. Often, a trade financier will fund up to 100% of the cost of the product, including charges (e.g. shipping costs). Trade finance offers added advantages over more traditional bank finance like invoice finance or loans. Trade finance provides quick funding without affecting existing bank relationships. How does it work? If you’re a business importing or exporting stock from or to other countries, then a trade finance facility would help you to fund this through offering a letter of credit (LC) or some form of cash advance. I’m looking to import from Japan, how can Trade Finance Global help, and how does it work? If you are looking to import goods from other international markets, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. A alternative finance bank will act as the intermediary, paying the foreign exporter on your behalf until you receive the products and have then sold them to your customer. Repaying the funder then occurs over an agreed period.

Information

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

(Marketing Terms can be found here)

Japan Economic Statistics

Government Website

https://www.japan.go.jp/

Sovereign Ratings

https://countryeconomy. com/ratings/japan

Central Bank

Bank of Japan

Currency USD Exchange Rate

107.1

Unemployment Rate

3.2%

Population below poverty line

16.1%

Inflation Rate

-0.1%

Prime Lending Rate

0.3%

GDP

$4,730 billion

GDP Pro Capita (PPP)

$38,900

Currency Name

Japanese Yen

Currency Code

JPY

World Bank Classification

High Income

Competitive Industrial Performance

8/138

Corruption Perceptions Index

20/180

Ease of Doing Business

39/190

Enabling Trade Index

16/136

Currency in Japan

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