Japan
Japan shipped 859 kt of CBAM goods to the EU in 2025 (0.8 % of all CBAM imports, down 44 % on 2024). Most of the exposure comes from iron and steel. At default values the 2026 CBAM bill would be about €88.4 m, ranking it 23th of 152 countries.
859 ktEU imports, 2025
€1.45 bncustoms value
€88.4 mCBAM exposure 2026
€103/taverage per tonne
What it exports
Steel 94 %Aluminium 5 %Fertilisers 0 %Cement 1 %
| Sector | Tonnes 2025 | Value | Exposure 2026 | 2034 |
|---|---|---|---|---|
| Iron and steel | 809 kt | €1.25 bn | €82.2 m | €208 m |
| Aluminium | 42 kt | €195 m | €6.0 m | €7.7 m |
| Cement | 6 kt | €4.8 m | €134 k | €519 k |
| Fertilisers | 1 kt | €2.5 m | €56 k | €100 k |
Products with the largest exposure
Default value (2026, incl. mark-up) and CBAM benchmark in tCO₂e per tonne.
| CN code | Product | Tonnes | Default | Benchmark | Exposure |
|---|---|---|---|---|---|
| 7225 11 00 | Flat-rolled products of silicon-electrical steel, of a width of ≥ 600 mm, grain-oriented | 56 kt | 5.082 | 1.779 | €15.3 m |
| 7208 39 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 151 kt | 2.310 | 1.370 | €12.1 m |
| 7209 16 90 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 101 kt | 2.357 | 1.458 | €7.8 m |
| 7209 17 90 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 78 kt | 2.357 | 1.458 | €6.0 m |
| 7606 12 11 | Beverage can body stock, of aluminium alloys, of a thickness of > 0,2 mm | 34 kt | 1.903 | 0.148 | €4.9 m |
| 7210 49 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, hot-rolled or c… | 58 kt | 2.343 | 1.491 | €4.3 m |
| 7208 51 20 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, not in coils, s… | 46 kt | 2.310 | 1.370 | €3.7 m |
| 7208 38 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 40 kt | 2.310 | 1.370 | €3.2 m |
| 7208 37 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 35 kt | 2.310 | 1.370 | €2.8 m |
| 7229 90 90 | Wire of alloy steel other than stainless, in coils (excl. rolled bars and rods, wire of … | 13 kt | 3.883 | 1.613 | €2.5 m |
| 7208 52 91 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 2.050 mm, not in coils,… | 29 kt | 2.310 | 1.370 | €2.4 m |
| 7208 51 91 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 2.050 mm, not in coils,… | 28 kt | 2.310 | 1.370 | €2.3 m |
Outlook
Same 2025 volumes, same certificate price (€82.32), default values throughout.
€88.4 m2026 · 10 % mark-up, 97.5 % free allocation
€167 m2030 · 30 % mark-up, 51.5 % free allocation
€216 m2034 · free allocation ends
Carbon pricing in Japan
Japan's GX-ETS moves from voluntary to mandatory participation for large emitters from fiscal year 2026.
Where it sits on the map
Read more
Nearby in the ranking: Tunisia, Trinidad and Tobago, Australia, Uzbekistan.
Sources: Eurostat Comext (DS-045409), annual 2025; Implementing Regulations (EU) 2025/2621 and 2025/2620. See methodology.