In 1998 Malaysia's exports to Japan Amount to RM30.2 billion, accounting for 14.5% of Malaysia's total exports. Malaysia import from Japan is RM48.5 billion in 1998.

Malaysia major exports to Japan include:
Liquefied natural gas

electronic micro assemblies,

parts and accessories for automatic data processing,

crude petroleum oils,

video recording or reproducing apparatus,

colour television receivers and plywood, which represent more than 40% of Malaysia's exports to Japan.
Source: The Star, June 16.1999

Products Exported 1990 1991 1992 1993 1994 1995 1996 1997
Food, beverages, tobacco 220 279 297 361 385 393 385 427
Crude materials, Inedible 3,467 3,359 3,260 3,218 2,944 2,839 2,553 2,469
Mineral fuels 5,092 5,372 4,667 4,307 4,270 4,782 6,048 6,559
Animal and Vegetable oil 278 362 409 424 653 773 703 717
Chemicals 213 288 314 321 594 607 610 779
Manufactured goods 609 763 792 1,388 1,604 2,407 3,106 3,295
Machinery, transport equip. 2,275 2,659 3,286 4,613 6,466 9,625 10,920 11,339
Miscellaneous Manufactured articles 389 716 861 1,052 1,360 1,896 2,119 1,984
Miscellaneous Transactions 49 41 37 45 72 128 141 228
                 
Total: RM billion 12,592 13,839 13,923 15,729 18,348 23,450 26,585 27,797
 
Malaysian Import Export Customs Documentation
No goods can be removed from customs control unless with the permission from the proper officer of customs. Proper officer or customs means the officer of customs specially or specifically assigned to perform a specific or particular function.

The appropriate documents and customs declaration form have to be properly completed and submitted to customs in due time as it effects the release of goods.... Read More

 

A confirmed, irrevocable letter of credit, means that the exporter's bank undertakes to pay the importer, should the foreign bank fail to do so. The exporter's bank may be reluctant to confirm a letter of credit if it has any doubt as to the trustworthiness of the foreign bank or the possibility that foreign exchange controls may prevent the conversion of the importer's currency into the desired foreign currency. In such a case, it may refuse confirmation unless the full amount of the funds is transferred to it right away from the foreign bank. Whatever the case, the exporter's bank will charge for such a service.

By stipulation that the foreign importer arranges for a confirmed irrevocable letter of credit, the exporter knows that if he ships the goods as agreed, he will have the foreign bank's assurance of payment as well as the assurance of his own bank.

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