Vehicles Export of Japan: The Trade Analysis of 2024

Japan, an island nation in Asia, located alongside the northwestern coast of the Pacific Ocean, with its borders surrounded by China, Russia, and Taiwan in the west, north, and southeast, has emerged as the leading exporter of vehicles in the international trade market. Japan Import Data says, the weakening of the Japanese yen to around 160 US dollars in mid-2024 and the strong global demand of vehicles driven specifically by the United States, European Union, and China with a share of 18%, 15%, and 4.5% has made Japan introduce more of its domestic productions in the international trade for a thriving export revenue rate.

The accelerated shipments in the United States ahead of a 25% tariff on imported vehicles and the hike in export of Japanese-used cars by 2% in mid-2024 have resulted in an export trade value of vehicles worth 167 billion US dollars in 2024. The increasing export of Japanese vehicle brands manufactured in India back to Japan, like the Maruti Suzuki Front and Honda WR-V, has reversed the export rate, adding to the export volume. Subscribe to Import Globals, a leading import-export trade provider, to stay updated with the latest information on the Japan vehicle exports via Japan Trade Data.

POLICY REFORMS SUPPORTING THE EXPORT OF VEHICLES FROM JAPAN IN 2024

The U.S.-Japan trade agreement, reducing auto tariffs, has eased the trade barriers for Japanese vehicle exports by concluding a bilateral trade deal with the United States for lowering the auto import tariffs from 25% to 15%. The robust trade negotiation and industry support framework initiated by the Ministry with Washington to reduce the auto tariffs has established over 1,000 consultation desks nationwide.

The METI-led Green Growth Strategy and EV ecosystem support have promoted EV technology, charging infrastructure, and domestic production of low-carbon vehicles for enhancing the export competitiveness in the sustainable automotive sector. The financial backing for EV battery manufacturing has strengthened the domestic supply chain while positioning the exported electric vehicles as globally competitive ones.

THE LEADING VARIANTS OF VEHICLES EXPORTED FROM JAPAN IN 2024

Vehicles are one of the most traded commodities in Japan due to the growing global demand from different regions with increasing automotive needs. The country maintains a contrast with the global standard and has introduced diversification, which has resulted in stability of the revenue rate. According to the Japan Export Data, the top 10 leading variants of vehicles exported from the nation in 2024 are,

  1. Toyota Corolla — The export trade value of Toyota Corolla from Japan in 2024–32 billion US dollars
  2. Toyota Prius — The export trade value of Toyota Prius from Japan in 2024–28 billion US dollars
  3. Toyota Rav4- The export trade value of Toyota Rav4 from Japan in 2024–22 billion US dollars
  4. Toyota Alphard- The export trade value of Toyota Alphard from Japan in 2024–18 billion US dollars
  5. Honda Vezel- The export trade value of Honda Vezel from Japan in 2024–16 billion US dollars
  6. Honda Civic- The export trade value of Honda Civic from Japan in 2024–14 billion US dollars
  7. Honda WR-V- The export trade value of Honda WR-V from Japan in 2024–12 billion US dollars
  8. Mazda CX — 5- The export trade value of Mazda CX — 5 from Japan in 2024–9.76 billion US dollars
  9. Suzuki Jimny- The export trade value of Suzuki Jimny from Japan in 2024–8 billion US dollars
  10. Toyota Yaris — The export trade value of Toyota Yaris from Japan in 2024–7 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF JAPAN FOR VEHICLES IN 2024

The stronger integration of the nation with the leading trade partners and the bilateral relationship with topmost suppliers has maintained their stability in the revenue rate. According to Japan Customs Data, the top 10 export trade partners of the nation for vehicles in 2024 are,

  1. United States — The annual valuation of vehicles exported from Japan to United States in 2024–32 billion US dollars

Top 5 variants of vehicles exported

· Daihatsu Move Canbus

· Subaru Exiga

· Toyota Estima (Previa)

· Lexus LM Minivan

· Toyota ProAce

2. Australia — The annual valuation of vehicles exported from Japan to Australia in 2024–25 billion US dollars

Top 5 variants of vehicles exported

· Nissan Navara

· Nissan Frontier

· Mitsubishi Triton (L200)

· Mazda BT-50

· Isuzu D-Max

3. China — The annual valuation of vehicles exported from Japan to China in 2024–21 billion US dollars

Top 5 variants of vehicles exported

· Honda Odyssey

· Honda Stepwgn

· Nissan Serena

· Nissan Elgrand

· Mazda Biante

4. Canada — The annual valuation of vehicles exported from Japan to Canada in 2024–17 billion US dollars

Top 5 variants of vehicles exported

· Toyota Alphard

· Toyota Vellfire

· Toyota Noah

· Toyota Voxy

· Toyota Sienta

5. Saudi Arabia — The annual valuation of vehicles exported from Japan to Saudi Arabia in 2024–15 billion US dollars

Top 5 variants of vehicles exported

· Toyota C-HR

· Toyota Urban Cruiser

· Honda Vezel (HR-V)

· Honda CR-V

· Honda WR-V

6. United Kingdom — The annual valuation of vehicles exported from Japan to the United Kingdom in 2024–13 billion US dollars

Top 5 variants of vehicles exported

· Toyota RAV4

· Toyota Land Cruiser

· Toyota Prado

· Toyota Harrier

· Toyota Fortuner

7. United Arab Emirates — The annual valuation of vehicles exported from Japan to the United Arab Emirates in 2024–9 billion US dollars

Top 5 variants of vehicles exported

· Nissan Maxima

· Mazda 3 (Axela)

· Mazda 6 (Atenza)

· Subaru Impreza

· Subaru Legacy

8. Germany — The annual valuation of vehicles exported from Japan to Germany in 2024–7.23 billion US dollars

Top 5 variants of vehicles exported

· Honda City

· Honda Insight

· Nissan Altima

· Nissan Sylphy

· Nissan Skyline

9. Taiwan — The annual valuation of vehicles exported from Japan to Taiwan in 2024–6.5 billion US dollars

Top 5 variants of vehicles exported

· Toyota Avalon

· Toyota Mark X

· Toyota Allion

· Honda Civic

· Honda Accord

10. Mexico — The annual valuation of vehicles exported from Japan to Mexico in 2024–4.8 billion US dollars

Top 5 variants of vehicles exported

· Toyota Corolla

· Toyota Camry

· Toyota Crown

· Toyota Prius

- Toyota Yaris

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more