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Importance of Import Export Data in Trade Business

Trading business is the business of buying and selling of goods and services for a reimbursement paid from the buyer to seller or exchange of goods or services between the two parties.  International trade allows countries to expand markets for commodities and services that would otherwise be unavailable. Import export data is the consolidated data collected from shipping agencies and custom departments from ports around the world. This data contains information regarding - The product – description, quantity, price, and HS or Harmonized Code of the product. 

  • The name and contact details of the importer 
  • The name and contact details of the exporter
  • Port of origin
  • Port of destination
  • Country of destination
  • Mode of Shipment
  • Custom & international duties

Import data and export data play an important data in international trade. Success on trade business depends on the quality and accuracy of this data.  Trade worth millions of dollars takes place in international markets every day.  We cannot understate the importance of import data and export. Some of them are:-

  • This data is used to estimate the consumption patterns in a country. Traders can predict the local demand of commodities. 
  • Finished products are often produced with raw material from other countries. Data the local can give insight about the flow of material across countries.  Export data can identify the highest exporter nation for a particular commodity. This can help plan strategies of getting materials. 
  • This data shows trading trends.  Traders can analyze how trade policies impact the flow of goods.  Changes in policies can alter the flow of raw materials used in industries. These changes can be found by examining the import data. This information can help traders to take their business to the next level.
  • This data can identify potential red flags that can cause overestimating or underestimating the quantity traded between countries.

Importer database is an important resource for companies wanting to export quickly without a look for potential importers. Importers database contains the detailed contact details, the product they import and the country they import. This database can be an excellent starting point to identify potential customers to sell your product overseas. New importer can get insights about the market leaders of a commodity and the strategies them.

Exporter database covers manufacturers, wholesalers, resellers, and traders that make export shipments. Besides containing the name of the exporter, and the product they export. This data is used to manage export promotion programs. Government uses it to find new areas with export potential.  The database can be used to find potential markets for export.

Seair Exim Solutions is one of the best importing and exporting data provider companies in India. It offers 100% updated, genuine, actual and reliable global trade data of more than 80 countries in the globe such as India, USA, Kenya, Russia, Peru, Mexico, Pakistan, Indonesia, Vietnam, etc. US import data, import data India, India export data, import data Indonesia, Kenya import data etc are our main services. You can also find various free resources like HS code list, HS code finder, HSN code search, sac code list, sac code finder, custom duty in India, custom duty calculator, GST rates in India, etc. on our website(seair.co.in).

For free sample data report and free live demo search contact us-

Phone No: +91-11-41325515, + 919990020716

Email Id- info@seair.co.in

  • Seair Exim
  • 12-Nov-2019

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