As international instability intensifies and the pandemic comes to an end, many foreign trade professionals have found that "doing business has become more challenging."

In reality, in the face of rapid changes in the overall environment, companies need the ability to see through the surface and assess the present from a future perspective. In this important period of societal transformation and corporate transition, macro changes are irreversible and must be embraced by businesses. The micro-level is where companies can take action. Companies need to have confidence, find opportunities in crises, actively adapt, embrace change, and seek renewal.

In the age of big data, "precision marketing" is paramount for foreign trade companies today. Shanghai Tendata's iTrader software is primarily used for market analysis, customer development, user management, and more in the field of foreign trade. The iTrader data platform is based on extensive foreign trade big data, including customs data.

Tendata provides customs data that allows you to enhance precision marketing and quickly secure orders.

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Some people are skeptical about the usefulness of customs data, claiming that it's not valuable. In reality, it's not that the data is useless; it's that people might not be using it in the right direction.

Faced with the unfamiliar term "customs data," let's first understand what it is.

Customs data refers to various import and export statistics generated as part of customs' functions in performing trade statistics. Currently, some countries' customs statistical agencies regularly publish macro statistical data on their official customs websites (e.g., the United States). However, in some countries, customs data is not publicly accessible (e.g., China, Japan). This data includes annual import and export volumes, commodities traded, trade trends, and more. For import and export businesses, the most crucial aspect of free customs data is to help assess whether a product can be imported or exported in a given country, what the trade trends are, and how much demand there is.

Besides this freely available data, some data providers offer more detailed and in-depth data services, enabling businesses to see specific dynamics of the products they handle. Moreover, companies can quickly identify potential clients through these databases.

Compared to macro data that is free but requires significant time to search and compile, companies like Shanghai Tendata Tech Co., Ltd. serve as a source for saving time and quickly obtaining essential information for imports and exports. They help identify which companies have demand for specific products, how much they need, at what transaction values, whether they are willing to source from new manufacturers, and more.

In the information age, those who obtain information are the ones who thrive. Every import and export business needs to have timely access to first-hand customs data, which provides vital data support for decision-making and development of their companies.

The Role of Customs Data

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In global trade, it is crucial to recognize the significance of customs data. When customs data is effectively aligned with business development, it greatly enhances the volume of global trade operations. Below, Tendata will elucidate three key applications of import and export data:

1. Market Analysis

Analyzing market trends and frontiers involves assessing market demands across different regions and juxtaposing product prices. This facilitates the selection of target markets with high profitability and substantial demand. Simultaneously, by querying customs data, one can gain insights into product market distribution and changing trends, enabling timely adjustments to marketing strategies.

Tendata iTrader provides access to customs data from over 80 countries (>>>Click to GET FREE ACCESS TO CUSTOMS DATA from 80+ Countries<<<), along with business data from 198 countries and over 10 billion trade records. Through multidimensional aggregation and analysis of global market information such as buyers, suppliers, countries of origin, trading cycles, and trade ports, Tendata deeply dissects target markets. This enables the formulation of guiding marketing strategies, product strategies, and competitive strategies. It optimizes production and logistics systems, achieving precision targeting. (>>>Click to GET SAMPLE DATA ONLINE<<<)

2. Customer Development

Customer development is a widely used function that involves finding potential high-quality customers through product keywords, HS codes, or filtering based on transaction frequency, scale, traded products, and trade partners. Coupled with contact information, this approach facilitates direct engagement with buyers.

Tendata combines trade data from 208 countries, business data from 198 countries and regions, and internet data from 141 countries to create a comprehensive database. With instantaneous search results, global target customers are presented in 0.01 seconds (>>>Click to Apply for Free Trial Data<<<).

3. Customer Acquisition

Customer acquisition involves examining changes in customers' trade partners to understand whether they are engaging new suppliers and if there is a need to optimize current approaches. This can also be used to analyze peer-to-peer transactions and understand peer pricing. At times, data can reflect the customer situations of peers, aiding in customer acquisition.

Tendata's in-depth customer information assists in analyzing detailed buyer profiles and provides contact details for numerous high-level executives. This represents invaluable sales material (>>>Click to Apply for Free Trial Data<<<).

Today, Tendata from Shanghai shares the extended value brought by customs data. They eagerly anticipate gradually highlighting the value of utilizing these combinations of customs data in the subsequent data functionality services of global trade Link (>>>Click to Learn More<<<).

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