What is Customs Data?Why is everyone using customs data?

Mondo Finance Updated on 2024-01-28

In recent years, with the increasing development of international data, customs data has become an important basis for enterprise decision-making. This article will interpret customs data from the following aspects, ** where its value lies.

The concept of customs data

Customs data refers to the detailed data of goods recorded and publicly provided by the customs authorities of various countries after the customs declaration of import and export commodities, usually including the exporting country, importing country, item code, quantity, unit price and other detailed information. These data can reflect the flow of goods in a country or region and the best partnerships.

2. The value of customs data

1.Analyze the market advantage. Through customs data, we can understand the import and export volume and ** trend of a certain category of goods in a certain country or region, which can help enterprises analyze the market share of a certain category in different countries and regions and find out the advantageous market.

2.Set a product strategy. For example, select a product line according to the demand for a certain category of goods in the target country, or improve the advantages of competitors' products.

3.Select a partner. Through the analysis of the flow of import and export goods in various countries, potential partners and their advantages can be identified, laying the foundation for subsequent cooperation.

4.Adjust the chain layout. Through customs data, the operation of each link of the global chain is monitored, and the links that are not smooth are adjusted to optimize the overall chain layout.

5.*Industry trends. Combined with other economic data models, customs data can ** the supply and demand relationship of the industry market and the possible direction of change of product trends.

3. How to obtain and use customs data

The customs departments of major countries and regions shall publish the details of the customs declaration units for import and export goods in their countries in a timely manner, and enterprises can obtain them through the following channels:

1.Go to the customs **directly**, such as the list of import and export commodities provided by the China Customs Network;

2.Subscribe to customized reports on global customs data from professional data analytics agencies, such as partner networks or IDCs

3.Purchase data analysis software to get real-time updated data for only a subscription fee, such as an intelligent platform;

4.Entrust a third-party professional agency to conduct a special analysis report and obtain customized customs intelligence.

After obtaining customs data, enterprises need to classify and screen according to their own needs, and use analysis software to conduct comparative analysis of various indicators such as import and export volume, items, countries and regions, and finally obtain a basis for decision-making.

4. Frequently Asked Questions (FAQs).

1.What is the confidentiality of customs data?

Except for a small number of military products and first-class projects, the customs data of most countries and regions are open and transparent, and any enterprise and individual can obtain them free of charge.

2.Is the customs data comprehensive and accurate?

Mainstream customs such as China, the United States, etc., according to strict customs declaration standards to enter the data into the computer system, generally speaking, high reliability, but there may be customs declaration errors in individual cases.

3.Do I need to pay a fee to get customs data?

Basic customs reports are free directly from customs, but for more comprehensive and in-depth customs data reports, you may need to pay a subscription fee or commission fee.

4.How to effectively use customs data for decision-making?

It is necessary to use professional analysis software to screen and integrate customs data based on its own industry characteristics and actual business conditions, extract key indicators and trends, and form a continuously updated decision-making reference database.

The above shares the concept, value, and how to obtain customs data, as well as answers to frequently asked questions. We hope to help you further expand your overseas business with customs data. If you have any questions, please let us know and we will do our best to answer them.

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