Trade Data Provider
31-12-2024
In the globalized economy, finding international suppliers is a critical task for businesses looking to expand or optimize their supply chains. Leveraging customs data can be one of the most effective ways to identify suppliers, assess their reliability, and make informed sourcing decisions. By analyzing detailed records of cross-border trade, businesses can uncover valuable insights into supplier activities, product categories, and market trends. This article explores how to find international suppliers using customs data, with a focus on Tendata, a leading platform for global trade data.
1. What Does Customs Data Reveal About Suppliers?
Customs data provides a wealth of information that can help businesses find international suppliers. Key insights include:
Exporter and Importer Information: Company names, contact details, and trade volume.
Product Details: Descriptions, classifications (HS codes), and product categories.
Trade Volume: Quantities and values of goods traded.
Trade Routes: Countries involved in the exchange, showing where products are imported/exported.
In 2023, global trade was valued at $28 trillion, underscoring the importance of accessing the right data to find international suppliers. Customs data offers a transparent window into these trade flows, making it easier to identify key players in any sector.
2. Accessing Customs Data with Tendata
To find international suppliers, businesses need reliable access to customs data. Platforms like Tendata make this process seamless by providing:
Global Coverage: Tendata aggregates customs data from over 200+ countries.
Advanced Search Filters: Allows businesses to search for suppliers based on product categories, trade volume, HS codes, and more.
User-Friendly Interface: Even those unfamiliar with trade data can quickly navigate and find international suppliers using intuitive search tools.
Tendata makes it simple to search for suppliers in any market, enabling businesses to explore trade activity and discover reliable sourcing options across the globe.
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3. Search by Product Category to Find International Suppliers
One of the most powerful ways to find international suppliers is by using product classifications, such as Harmonized System (HS) codes. These codes group products into categories, enabling businesses to:
Search by HS Code: For example, businesses seeking electronics can search for HS codes related to semiconductors (8542) or mobile phones (8517).
Identify Leading Exporters: Tendata's platform helps businesses find suppliers by showing which companies are exporting specific products in large volumes.
Spot Market Trends: Analyze trade volume and growth trends in various sectors to identify suppliers that are poised to meet future demand.
In 2023, the global electronics market was valued at over $1 trillion, with China as the largest exporter, accounting for nearly 30% of total exports. Using Tendata, businesses can easily find international suppliers in this sector and explore trade dynamics within this rapidly growing market.
4. Evaluate Supplier Performance to Find Reliable Partners
Finding international suppliers is just the first step. The next challenge is evaluating their reliability. Customs data offers critical insights into a supplier's track record and stability. Using Tendata, businesses can:
Assess Consistency: Regular export activity indicates that a supplier can handle long-term contracts. Tendata tracks the export history of suppliers, giving businesses a clear view of their trade consistency.
Review Trade Volume: High-volume exporters are typically more established and capable of meeting large orders. Tendata allows you to filter suppliers based on their export volumes.
Geographical Reach: Suppliers that export to multiple countries demonstrate both experience and global reach. Tendata’s data shows the countries each supplier is active in, helping businesses understand a supplier's international footprint.
Suppliers based in major exporting nations like China, Germany, and the U.S. are often better equipped to handle large-scale or complex orders. By using Tendata, businesses can identify these suppliers and gain confidence in their ability to meet demands.
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5. Validate Supplier Information and Make Contact
Once you've identified potential suppliers, validating their reliability and stability is key. Tendata provides all the necessary tools to ensure that the suppliers you’ve found are trustworthy:
Contact Information: Tendata provides direct contact details for each supplier, allowing you to initiate communication for further inquiries or to request quotes.
Export History: Reviewing a supplier’s export history helps confirm whether they’ve consistently met demand and maintained stable trade relationships.
Being able to cross-check supplier information using customs data gives businesses the confidence to make well-informed decisions about who to work with when they find international suppliers.
Conclusion
In today's fast-paced global market, finding international suppliers is an essential part of any business strategy. By using customs data, businesses can access detailed insights into trade patterns, supplier performance, and market trends. Tendata simplify this process by providing comprehensive trade records and powerful search tools to identify suppliers, assess their reliability, and make data-driven decisions.
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