In today’s globalized economy, trade statistics serve as a critical tool for businesses, governments, and analysts. These statistics, which track the exchange of goods and services across international borders, provide valuable insights into market trends, trade balances, and economic health. For companies looking to expand internationally or optimize their supply chains, understanding and leveraging trade statistics is essential.

One of the primary functions of trade statistics is to provide a clear picture of a country’s imports and exports. By analyzing these numbers, businesses can identify potential markets for their products, assess competition, and track changes in demand. For example, an increase in the import of certain raw materials might indicate growing production activity in a specific industry. Similarly, a rise in exports can reflect increasing demand for a country’s goods in global markets.

Tendata, a leading provider of global trade data, plays a crucial role in helping businesses navigate these complexities. With access to detailed trade statistics from multiple countries, Tendata enables companies to make informed decisions based on accurate and up-to-date information. Whether you are a small business looking to enter a new market or a multinational corporation seeking to optimize your supply chain, having access to reliable trade statistics is crucial.

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Moreover, trade statistics can highlight potential risks and opportunities. For example, geopolitical events, trade agreements, or changes in tariffs can have a significant impact on global trade patterns. By staying informed about these changes, businesses can adjust their strategies accordingly, ensuring they remain competitive in a rapidly changing environment.

In addition to government agencies, private companies such as Tendata provide valuable services by compiling and analyzing trade statistics. With advanced tools for data analytics, Tendata offers insights into market trends, competitor activities, and opportunities for growth. For businesses engaged in international trade, having access to such data is not only a competitive advantage but also a necessity.

In conclusion, trade statistics are an indispensable resource for anyone involved in international trade. They offer a wealth of information that can help businesses navigate the complexities of global markets, make informed strategic decisions, and ultimately succeed in an increasingly interconnected world. With platforms like Tendata offering cutting-edge solutions, companies now have more tools than ever to harness the power of trade data for growth and success.

1. Establishing a Customer Database by Country: 

Building a customer database is akin to maintaining a work record. Start by using trade tracking features to compile a list of all customers in a country. Analyze each buyer's purchase volume, procurement cycle, product specifications, and supplier system. Finally, filter out 30% of the potential high-quality customers from this country and record them in your customer database, allowing flexible settings by country, time, customer name, follow-up steps, contact phone, email, contact person, etc. (>>> Click For Free Customer Development)

2. Establishing a Customer Database by Peer Companies: 

Have a clear understanding of the names of peer companies (including full names, abbreviations, etc.). Use the global supplier network feature to gather all customers of these peers in the system. Analyze these customers based on purchase volume, procurement cycle, and product models. Finally, filter out key customers from your targeted peers and record them in your customer database. (>>> Click For Free Trial Application)

3. Identifying Newly Appeared Customers in Each Country: 

Utilize the trade search function to select a country, set date ranges, limit product names or customs codes, and check "latest." The search results will display high-quality customers that have recently appeared in that country during the specified time period. Since these customers are newly emerging, they may have unstable supplier relationships, requiring focused follow-up. Record these new potential buyers in your customer database. (>>> Click For Free Demo Application)

These three approaches for customer development using customs data can be implemented based on the actual needs of the company. Considering market conditions, industry characteristics, strategic requirements, etc., find a method that suits your preferences. The ultimate goal is to establish and organize a categorized archive of high-quality customers. Once suitable customers are identified, the next step is to make precise contact through various channels such as phone calls, email communication, online chat, etc.