In today’s global economy, businesses heavily rely on accurate and comprehensive export and import data. Whether you're a small enterprise looking to expand into new markets or a large corporation refining your supply chain, understanding this data is critical to making informed decisions.

What is Export and Import Data?

Export and import data refer to the detailed records of goods and services moving between countries. This data includes important information such as the types of products being traded, their quantities, values, the origin and destination countries, and even the trade routes used. Such data is essential for companies that engage in international trade, as it provides insights into market trends, competitor activities, and consumer demands.

For example, a company that exports medical devices to foreign markets might use this data to identify countries where demand for healthcare products is rising. Similarly, importers can leverage this data to understand supplier capacities, potential risks in the supply chain, and opportunities for diversification.

How Export and Import Data Helps Businesses

Market Identification: Businesses can use trade data to find potential markets for their products. By analyzing the trends in import data, exporters can identify regions where demand for their product is growing.

Competitor Analysis: Import and export data offer valuable insights into competitor activities, helping companies understand who their key competitors are in certain markets and the volume of goods they are shipping.

Supplier Evaluation: Importers can assess suppliers by reviewing their export data to determine their reliability and market presence.

Strategic Planning: Long-term planning requires businesses to predict market shifts. Trade data provides a historical record that helps companies forecast future demand and supply, enabling more accurate strategic planning.

Tendata: Simplifying Trade Data Analysis

While the benefits of trade data are vast, collecting and analyzing this data can be a complex and time-consuming task. This is where Tendata comes into play. Tendata offers a cutting-edge platform designed to simplify the process of accessing and understanding global trade data.

With Tendata, businesses can:

Access real-time data on exports and imports across multiple industries.

Track competitor activities and gain insights into market trends.

Identify potential buyers and suppliers from around the world.

Receive detailed analysis reports tailored to their specific needs.

Tendata’s intuitive platform ensures that even those without a background in data analysis can easily navigate and use the information to make strategic business decisions.

Conclusion

In an increasingly competitive global market, access to reliable export and import data is essential for business success. By leveraging this data, companies can enhance their market presence, optimize their supply chains, and gain a competitive edge. With tools like Tendata, businesses can unlock the full potential of trade data, making it easier than ever to capitalize on international trade opportunities.

I. Establish Customer Resource Database by Country

The establishment of a customer resource database is akin to a personalized work record. Start by using trade tracking functionality to compile a list of all customers in a country. Then, analyze each buyer's purchase volume, procurement cycle, product specifications, and supplier system. Pay special attention to the diversification or singularity of a buyer's supply channels, as buyers with diverse supply sources are preferable. Finally, filter out 30% of the potentially high-quality customers from that country and record them in your customer resource database. The database can be flexibly organized by country, time, customer name, follow-up steps, contact phone, email, contact person, etc. (>>>Click to Develop New Customers)

II. Establish Customer Resource Database by Peer Companies

Have a good understanding of the English names (including full names, abbreviations, etc.) of peer companies. Utilize the global supplier networking feature to compile a list of all customers associated with these peer companies. The critical step is to analyze customers from these peer companies based on purchase volume, procurement cycle, product models, etc. Finally, filter out key customers from your identified peers and record them in your customer resource database. (>>>Click to Apply for Free Trial)

III. Identify Newly Appeared Customers in Each Country

Use the trade search function to identify customers newly appeared in a country. Choose the country, set the date range, limit the product name or HS code, and check the "Newest" option. The search results will display high-quality customers that have newly emerged in that country within the specified time frame. Since these customers are new, they may have just started transactions, and the stability of their suppliers may be uncertain. It's essential to focus on following up with these new potential buyers and record them in your customer resource database. (>>>Click to Apply for Free Trial)

These three approaches for developing customers using customs data can be implemented based on the actual needs of the company and oneself. Consider the market environment, industry characteristics, strategic requirements, etc., to find a suitable method. The ultimate goal is to establish and organize a categorized archive of high-quality customers. Once you identify suitable customers, the next step is to precisely contact them through various channels, such as phone calls, emails, and SNS information.