How Do Importers Find Suppliers from the EU Market?

tendata blogImport News

ten data blog19-02-2024

-The main exports of the EU are machinery (including computers), vehicles, motors, equipment, pharmaceuticals, and mineral fuels (including oil).

-Other major exports from the EU are feldspar, kaolin, magnesite, perlite, and salt.

-The EU's main export destinations are China, the United States, Switzerland, Russia, and the United Kingdom.

-Europe produces 44% of the world's wine. Europe accounts for 80% of global cork production.

-Popular exports from Europe include: European automobiles, automotive parts and engines, food, beverages, consumer goods, capital goods, industrial supplies and materials.

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How do importers find suppliers from the EU market?

1. Market intelligence

Before purchasing a new product from an international market, you need to research its specifics and general situation:

-What is the demand for your product in our market? Which products are high margin products?

-Which countries' exporters are the main suppliers of this product in our country? Which country exports better quality products?

-Who are your competitors in this market? How much do they import at cost price?

-How long has this product been in development? What is the right season to stock it?

To answer all these questions, a market analysis is the best way to find the right markets and enter them with a smart action plan. Tendata provides you with all the market analyses for finding suppliers from the EU. You can analyze the market from multiple perspectives, including market side, product side, and competitor side, to provide you with a complete market strategy.

2. Online Exploration

According to statistics, up to 80% of importers find foreign suppliers through the Internet. Initial business contacts are established through email, telemarketing, B2B platforms, and other Internet methods, which can make up for the lack of face-to-face meetings through remote personalized direct contact. And among them, more and more importers are opting for proactive marketing, actively searching for potential suppliers rather than passively waiting for sellers to approach them.

Proactively expanding into new markets and finding potential suppliers in new countries can save time and increase development efficiency with customs data platforms such as Tendata. With advanced searches and filters (e.g., selecting the products you want to import and the countries you want to source from, and setting up a "Supplier" filter), you can easily filter out your potential suppliers and get comprehensive company information on exporters.

Tendata offers a wide range of import solutions for importers wishing to source products from the European Union: from market analysis and supplier profiling to lead acquisition and supplier management.

For over 19 years, Tendata has been committed to providing you with the most effective solutions for importing and going global, so feel free to contact us for a free demo.

>>>Click to Get 91 Countries' Customs Data for Free<<<

The first step in international trade is to understand the trade information of both buyers and sellers. In the era of big data, enterprises that can effectively use customs data will find it easier to stand out in a competitive environment. For import and export businesses, trade data is one of the most valuable types of data, enabling companies to gain in-depth insights into their market conditions from multiple dimensions, including market trends, customers, and competitors. Follow Tendata to see how to analyze the market using customs import-export data.

I. Obtain Customs Data for 91 Countries and Identify Suitable Customers

Tendata's customs database provides real-time global customs data covering 91 countries, data for 42 countries along the Eurasian route, 100+ billion real-time trade data, and information on 180 million global enterprises. It helps you understand global market trade trends and distribution, allowing you to quickly, accurately, and scientifically target hot-selling countries and emerging markets for your products. >>>Consult Online

II. Present Trade Details and Directly Contact Buyers

Import and export data is one of the fundamental tools for Importers & Exporters to develop customers. It enables them to go from understanding the market to knowing competitors and then to developing customers.

Tendata iTrader provides various search criteria to examine details of each cross-border transaction, such as importer & exporter information, product categories, transaction quantities, transaction amounts, country of origin, carrier, port of departure, and port of arrival. Quickly and in bulk, obtain buyers based on their purchase volume, price, and preferences, positioning your target customers. By comparing historical data, quickly identify genuine buyers, providing you with precise opportunities for successful transactions. >>>Click to Get Sample Online

III. Professional Market Analysis to Seize Opportunities for Transactions

Which website is good for querying customs data? This is something many import and export enterprises are very concerned about!

Tendata's customs data platform offers nearly 20 types of customizable, multi-dimensional market analysis reports (>>>Click to Use Data for Free Online). It allows for easy capture of the main markets and customers of competitors. Through the analysis of the volume and price of peer transactions and the supply chain analysis of target customers, detailed information on customer bills of lading, competitor details, and intelligent generation of various data analysis reports highlights your competitive advantages, helping you seize more market share.

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>>>Consult with 1-on-1 Online Customer Service<<<

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