General

Customs data refers to the data collected by the customs for the statistics and management of import and export goods. Customs data is an important reference for guiding trade analysis and policy formulation, as well as an essential tool for enterprise market analysis and risk assessment. Next, let me introduce customs data.

1、 What is customs data

The authority of customs data comes from the responsibilities and powers of the customs department as a national authority, which has the power and obligation to collect, review, publish, and manage customs import and export data. The accuracy of customs data comes from the strict supervision and inspection of goods by customs, as well as the application of information technology, ensuring the authenticity and reliability of the data. The comprehensiveness of customs data comes from the registration and statistics of all import and export goods by the customs, including the product name, quantity, amount, origin, purpose, manufacturer, and other information. The timeliness of customs data comes from the real-time supervision and information feedback of customs on import and export goods, ensuring that the data can be released in a timely manner. The detail of customs data comes from the detailed registration and statistics of each import and export goods by the customs, providing a large amount of data details and analysis basis.

In summary, customs data has the characteristics of authority, accuracy, comprehensiveness, timeliness, and detail, making it an important source of data for international trade and market analysis.

2、 What information does customs data contain

Chinese customs data contains a large amount of information, mainly including the following aspects:

1. Product information: Product name, 8-digit HS code, specification, model, purpose, origin, etc.

2. Transaction records: including import and export transaction records, transaction dates, transaction methods, trade countries, trade methods, import and export ports, transportation methods, etc.

3. Enterprise information: Name, address, contact information, customs code, unified social credit code, etc. of the import and export enterprise.

4. Price information: including import and export prices, priced in RMB or foreign currency.

5. Weight and quantity information: including the gross weight, net weight, quantity, unit, etc. of imported and exported goods.

6. Tax information: including tariffs, value-added tax, consumption tax, etc.

7. Origin information: including the country/region of origin of imported and exported goods.

8. Other information: such as packaging method, brand, batch, etc.

Overall, Chinese customs data contains a vast amount of import and export trade related information, which has very important reference value for government departments, enterprises, and research institutions.

3、 The Importance of Customs Data for Foreign Trade Enterprises

For foreign trade companies, customs data is a very important data support, which can provide important reference and basis for enterprises to expand the market, formulate business strategies, and avoid risks.

Firstly, customs data can help foreign trade companies understand market demand and competition, analyze the trends and characteristics of market demand, and provide a basis for enterprises to carry out market expansion and product design. At the same time, customs data can also help enterprises understand the import and export situation of various commodities, analyze the market share and competition situation of various commodities, and provide support for enterprises to formulate market strategies.

Secondly, customs data can help foreign trade companies optimize their business strategies, including product positioning, procurement, sales, and marketing. Through customs data analysis, enterprises can understand the supply chain and value chain of various commodities, and can develop procurement plans and supply chain management strategies based on the data. At the same time, customs data can also help enterprises understand the price trends and changes of import and export commodities, providing a basis for enterprises to make price strategic adjustments.

Finally, customs data can help foreign trade companies avoid risks. Customs data can help enterprises understand the reputation and operating conditions of trading partners, and can help corporate identity identify potential transaction risks and legal risks. In addition, customs data can also help enterprises understand trade policies and regulations of various countries, providing a basis for enterprises to comply with trade rules and laws and regulations.

In summary, analyzing customs data is of great significance for foreign trade companies, as it can help them expand their markets, formulate business strategies, and avoid risks.

4、 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.