General

Home > News > General

Is customs data useful for foreign trade?

2023-06-25

In the process of international trade, it is very important for enterprises to have access to more trade information related to industries or products. Customs data is a powerful tool for understanding trade information, which enables foreign trade enterprises to understand product information, market information, competitor information, demand information, etc. from multiple aspects. It can be seen that customs data is very useful for foreign trade!

In the era of Big data, the use of customs data to analyze valuable information for foreign trade operation and promotion is a way to improve the competitiveness of foreign trade enterprises. Let's take a look now. What's the use of customs data?

Today, Xiao Zhijun will take everyone to see, what is the use of customs data?

1. Competitors can be monitored through customs data

At what time will our peers supply our intended and potential customers? Explore peer customer resources, monitor peer exports, analyze peer exported products, specific supply content, supply cycle changes, and procurement chain. Knowing oneself and the enemy, invincible in all battles

2. Understanding the peak season of products through customs data

How to search for products in different countries and regions during peak and low seasons? By comparing the peaks and troughs of the four dimensions of transaction frequency, amount, quantity and weight of customs data, we can understand the Market trend analysis of products in detail, and then carry out targeted marketing strategies such as stock, new delivery and promotion.

3. Customs data can help you discover and open up emerging markets

Where is the good market for the new product? By conducting multidimensional analysis of purchasing countries/regions through customs data, we can quickly grasp the hot selling market of the product and explore its blue ocean market.

4. Customs data can help you locate potential buyers

How does the product target potential buyers? By using procurement and supplier analysis charts to grasp the top purchaser ranking of the product, we can obtain information on the procurement cycle, amount, quantity, and other aspects of these purchasers. We can also deeply explore customers through the competitors of these purchasers.

4. Customs data can help you identify customers who have missed orders

What should I do if the customer runs an order? How to monitor key customers in real-time? New analysis charts can be added to locate suppliers/purchasers, query customer names, and check if they match customer information. If so, it indicates that the customer has already gone to competitors to place an order. In customs data, it is possible to accurately locate key customers on the TOP list through company names, thereby monitoring customers' procurement records in real-time, and mastering the status of procurement period, trial orders, and running orders in one hand.

5. Mining customers through customs data from peers' buyers

The above 5 points are the role that customs data can directly help enterprises, and in addition, it can also play some roles that are easily overlooked by enterprises:

1. Guide enterprises to develop procurement plans and arrangements;

2. Reduce the occupation of inventory funds;

3. Reduce inventory;

4. Master the true purchasing status of the buyer.

As can be seen from the above, customs data is useful for foreign trade! Foreign trade enterprises must not ignore the value of customs data and actively utilize it.


DISCLAIMER: All information provided by HMEonline is for reference only. None of these views represents the position of HMEonline, and HMEonline makes no guarantee or commitment to it. If you find any works that infringe your intellectual property rights in the article, please contact us and we will modify or delete them in time.
© 2022 Company, Inc. All rights reserved.
WhatsApp