General

Customs is the surrounding environmental management agency of the national government, responsible for supervising, managing, and controlling the entry of goods. In foreign trade, customs data plays an important role in providing supply chain management, trade statistics, and compliance.

The following are several key roles of customs data in foreign trade:

01 Tariffs and Import Restrictions

Customs data records the import of goods, including information such as quantity, value, and description of the goods. These data play a crucial role in the accuracy and applicability of customs duties and import restrictions.

02 Statistical Trade Data

Customs data provides countries with statistical information on export trade data. These data include trade volume, commodity categories, trading partners, trade value, etc. between different countries.

03 Compliance and Security

Customs data is crucial for ensuring trade compliance and security. Customs agencies inspect and inspect goods to ensure compliance with domestic laws and international trade agreements. It records information such as the source of goods, destination location, transportation method, and the identity of the trading party, which can be used to trace and verify the compliance and security of goods, helping to prevent illegal trade, tax evasion, smuggling, and terrorist activities.

04 Provide application link management

Customs data is crucial for providing application link management and logistics operations. The role of customs in initiating monitoring and auditing during the export process of goods is to document and test the flow, transportation details, and related documents of the goods, ensuring their traceability and compliance. These data can help enterprises optimize logistics planning, control inventory, predict transaction times, and provide high supply chain efficiency and reliability.

As can be seen from the above, customs data is useful for foreign trade, and foreign trade enterprises must not ignore the value of customs data and actively utilize it. Customs data can help enterprises make decisions, manage risks, and promote trade development.