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What can customs data do?

2023-04-28

Have you ever thought about how many goods need to be imported and exported every year? Actually, these numbers can be seen from customs data. According to statistics, the total annual global trade in goods is as high as 20 trillion US dollars, and China is one of the largest import and export countries.

According to customs data, the main commodities imported by China include raw materials such as oil, natural gas, iron ore, as well as finished products such as automobiles and electronic products. And exports are dominated by electronic products, such as high-tech products such as mobile phones and computers, which are highly popular in the international market.

In addition, customs data can also reveal some interesting trends. For example, in recent years, China's demand for imported red wine and chocolate has increased significantly, indicating that the living standards of the people are constantly improving. Moreover, China has also become the world's largest chip importer, which also shows that China is accelerating its Digital transformation.

Of course, the information revealed by customs data also includes various anecdotes. For example, once a company hid a batch of "senior ginseng" among a batch of ordinary ginseng for tax avoidance, but was eventually seized by customs. For example, there is a passenger who, in order to avoid taxes, put on all over 100 pieces of clothing, but was stopped by security personnel.

Overall, customs data can provide us with information on the operation of world trade and demand trends in international markets, while also bringing us some interesting stories.


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