Global Trade Analysis - Market Analysis Tools

tendata blogTrade Policy

ten data blog01-11-2023

Tendata has developed a suite of online tools to make global trade more transparent and facilitate market access. These tools enable importers and exporters to identify import and export opportunities, compare market access requirements, monitor country trade performance and make informed trade decisions.

Tendata I-Discovery encompasses the world's largest customs database, making your international trade an engine for sustainable growth. You can view market price information, regional trade information, and macro trade statistics; you can also view importer statistics, exporter statistics, trade trends, market trends, and more in report form.

Whether you're looking to find new customers, demonstrate your knowledge of an existing customer's business, evaluate potential suppliers, or assess supply chains for complex products, Tendata I-Discovery makes it easy.

Register today to access our trade and market intelligence.

How to use Tendata I-Discovery for market analysis:

1. Enter the name of the product or company you want to learn about and click the search button to get trade data results. You can see three major data sources: trade data, business data and internet data. For further analysis, you can click on the country, select the time or click on the HS code.

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2. You can directly view the trade data, target market analysis and origin analysis for the last three years.

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3. Through the trade trend in the past three years, the number of times and percentage of trade in the target market, and the trade trend and percentage of the origin, you can understand the market trend of the product in the world or in a specific country.

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4. You can also specify the region to know its import and export trade details, analyze the importers and exporters, the origin and the destination port.

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5. You can also click on the detailed information of each trade record to get more information on buyers, suppliers, product description, HS code, customs data, shipment data, etc.

6. You can use it in conjunction with Tendata T-Radar products to monitor the trade activities of competitors, customers and prospects in real time and receive alerts and notifications of any changes or updates.

7. You can use Tendata CRM products to manage your customer relationships, such as tracking their purchase history, preferences, feedback, etc., and sending them personalized messages and offers.

People who know current affairs know that customs data plays a very important role in the import and export industry, such as determining the target market, looking for overseas quality customers, avoiding transaction risks and so on are inseparable from customs data.

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The following is a detailed description of these cases:

1. Determine The Target Market

When a company wants to sell its products abroad, accurate target market determination is key. The consequences of spending time and energy on developing a country where there is no need or very little demand for one's products can be serious. At this time, you can query the product through Tendata I-Discovery, analyze the import and export situation of the product in different regions of the world, and visually view the growth trend of import and export, so that you can know which countries in the world need the product the most, and then the target market can be basically determined. (>>Click to Get FREE DEMO)

2. Looking For Global Quality Buyers/Suppliers

Here to introduce you to a use of customs data to find foreign customers skills. Take the United States as an example: now use Tendata I-Discovery, in the query goods description at the same time, in the conditions of origin, enter CHINA, you can be exported to the United States of all the transaction records of the goods extracted. And then based on Tendata I-Discovery analysis report, the procurement volume of large U.S. companies extracted, which is a potential high-quality U.S. buyers.(>>Click to Get FREE DEMO)

3. Formulate Production Plan to Avoid Trade Risks

For a production enterprise, the development of its own production plan is related to the future trend of the enterprise for a period of time, Tendata I-Discovery allows you to see the real transaction records of each enterprise, as well as detailed information about the enterprise, to avoid the risk of being cheated in trade.(>>Click to Get FREE DEMO)

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