General

Customs data is an important tool for foreign traders to develop customers. Through customs data, we can see a lot of information about the industry. Customs data is so important, how can I use it to maximize the value of customs data? Today, Xiao Zhijun will take you to a deeper understanding of customs data.

1、 What is customs data?

Customs data is a collective term for bill of lading and customs declaration data. Through these essential import and export documents, one can intuitively understand the purchaser, supplier, and detailed information of each imported goods. And this information is an essential tool and data support to assist international trade.

China's customs data is divided into China's import and export statistics and customs data. China Import and Export Customs data is the transaction record data of domestic importers and exporters under an 8-digit HS code, including the name of domestic import and export enterprises, import and export time, price, weight, quantity, and target country.

2、 The Value of Customs Data

The big 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. There are mainly the following usage scenarios:

Customs data can provide data support for market analysis

We can use customs data to analyze the demand of different regional markets and understand the market price of products, which can be used to select target markets with large demand and high profits. And we can also analyze the market distribution and trend changes of the product based on the import and export data of the region, in order to adjust the market strategy.

Developing foreign trade customers

You can quickly find real customers with supply and demand transactions by searching for product keywords and HS codes; Follow up on customer transaction frequency, transaction scale, transaction products, transaction prices, etc. to select high-quality target customers. Follow up on the contact information on customs data and add them as customers with just one click. Added an important channel for foreign trade development customers.

Improve customer conversion rate

We can judge the true needs, acceptable prices, and concerns of customers based on their past trading products, trading quantities, trading prices, and cooperating customers. By doing so, it is much easier to defeat customers by knowing ourselves and others.

Testing peers

By monitoring changes in customer trading partners, check if there are new suppliers competing for orders; Analyze peer transactions and understand peer prices; Monitor trading partners in the same industry and be ready to take over customers in the same industry at any time.