General

What Value Can Customs Data Create for Foreign Trade Enterprises

（1） Foreign trade customer development

1. Developing customers: Customs data can help enterprises understand market demand in various countries, analyze market share and competition of various commodities, and provide important reference and basis for enterprises to expand their market.

2. Procurement information: Customs data can help enterprises understand the import and export situation of various commodities, analyze the price trends and changes of various commodities, and provide a basis for enterprises to formulate procurement plans.

3. Procurement quantity and contact information: Customs data can help enterprises understand the import and export quantity, business status, and contact information of trading partners, providing reference and basis for enterprises to find suitable trading partners.

（2） Improve customer conversion rate

Improving customer conversion rate and screening high-quality customers: Customs data can help enterprises understand customer import and export situations and procurement patterns, analyze changes and trends in customer demand, provide reference and basis for enterprises to accurately locate customers and develop marketing strategies, thereby improving customer conversion rate and screening high-quality customers with high demand.

（3） Fully understand the market supply and demand situation, and adjust export strategies.

Analyzing the market supply and demand situation and adjusting exports: Customs data can help enterprises understand the market supply and demand situation and trends, adjust export directions and strategies in a timely manner, and improve the export trade level and competitiveness of enterprises.

（4） Grasp the situation of competitors and reduce customer churn

1. Comparing new products in the same industry and analyzing changes in demand: Customs data can help enterprises understand new products in the same industry, analyze changes in market demand, adjust the export product structure in a timely manner, and enhance the competitiveness of enterprises.

2. Reduce customer churn: Customs data can help enterprises understand customer procurement patterns and demand changes, adjust export strategies and product structures in a timely manner, improve customer satisfaction, and reduce customer churn.

（5） Trade Intelligence Analysis

1. Market analysis: Trade intelligence can help foreign trade enterprises understand the needs and trends of target markets, understand customers' purchasing volume, price sensitivity, product preferences, etc. This can help companies determine the optimal market and product positioning, providing strong support for their decision-making.

2. Customer analysis: Trade intelligence can provide detailed information and preferences of customers, including their purchasing volume, price sensitivity, product preferences, etc. This helps foreign trade enterprises better understand customer needs and develop targeted marketing strategies.

3. competitive intelligence: trade intelligence can help foreign trade enterprises understand the strengths and weaknesses of their competitors, their market strategies and product positioning, as well as their sales models and customer groups. This can provide important references for foreign trade enterprises to develop better market strategies and product positioning.

4. Risk assessment: trade intelligence can help foreign trade corporate identity identify potential risks and challenges, including policy changes, market fluctuations, customer credit, etc., as well as the impact of market environment changes on enterprise operations. This can help enterprises make timely adjustments and response strategies to reduce operational risks. Anyway,

Trade intelligence is very important for foreign trade enterprises. It can help enterprises better understand the market, customers, and competitive environment, improve their competitiveness and market share, and thus achieve better performance and profitability.