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What value can customs import and export data create for foreign trade enterprises?

2023-04-14

The import and export data of foreign trade customs plays a crucial role in international trade. It is not only an essential tool for foreign trade customer development, but also a data support in trade.

For foreign trade enterprises, development is never-ending. Considering the future development path, exploring and developing potential foreign trade customers and continuously expanding the coverage of overseas markets are two important tasks that are key concerns for each foreign trade enterprise. Among them, in the practical process of expanding overseas market regions, promoting the implementation of these two contents through the use of active channels externally is a means that foreign trade enterprises attach great importance to. Therefore, customs import and export data plays a positive role in assisting. Because all foreign trade transactions always need to be managed and guided by the customs department, some of the customs data they submit contains considerable value.

1. Development of foreign trade customers

The customs import and export data not only contains the true information of the buyer, but also allows for the analysis of their specific transaction information based on the customs import and export data above: purchasing products, purchasing quantities, in order to find suitable buyers for the enterprise.

2. Improve customer conversion rate

You can search for high-quality customers through customs import and export data, and select importers with large import volumes and relatively high profits based on the data. Enterprises can focus on development, which will achieve twice the result with half the effort. Data analysis can also be used to identify the purchasing patterns of buyers. Recommend company products to buyers at the best time to increase hit rates.

3. Fully understand the changes in market supply and demand

Timely adjust export strategies by understanding new products in the same industry through data, understanding changes in customer demand, responding more promptly, enhancing one's own competitiveness, and reducing customer churn.

4. Grasp the development status of global competitors

Adjust competitive strategies at any time to find customer targets, and view their supplier export data to observe their product quality and prices. Through comparative analysis of competitors and oneself, identify breakthroughs, further consolidate customer relationships, and enhance customer value. Otherwise, why would people give up their previous partners and choose to cooperate with you? We must demonstrate our strength in terms of both quality and service. If your competitor's price is relatively high, but the quality is the same as your product, then in this case, you can directly contact the customer, which will bring huge advantages. If the customer has abandoned many of their peers, you can also analyze the reasons why the customer will not continue to cooperate with them.


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