THE BEST TYPE OF IMPORT-EXPORT DATA

THE ONLY INTRODUCTION TO IMPORT-EXPORT DATA YOU'LL EVER NEED

Foreign trade is a trade that takes place between two or more countries to acquire new products from other countries in exchange for money. A country gets associated with foreign trade due to two reasons. First, if it can’t develop a product in its territory, and second if a country has a surplus of a specific product and wants to sell it to other countries to increase the inflow of money. As imports and exports of products take place on regular basis, it is necessary to maintain a record of each transaction. For this, every country maintains the Best import-export data wherein, everything about each import and export is recorded.

Import-export data is a consolidated database that is created and updated regularly by each country to make marketers and traders informed about the trends, potential markets, large importing goods, and import partners. There are two types of foreign trade- bilateral trade and multilateral trade. Import-export data is capable to tell the health of any economy by measuring its annual imports and exports. As per import-export data a country is having a sound economy if its exports are more than imports and hence, has a surplus instead of a deficit.

 

BENEFITS OF IMPORT EXPORT DATA SECRETS EXPOSED!

Do you know what all information import-export data provides to a person? If not, then have a look at the range of details that are provided by this data to a marketer or a trader.

·        Names of importers and exporters

·        HS codes for all products

·        Specification of products with quantity, price, and value

·        Name of ports of origin and destination, etc.

To your surprise, the details are 100% accurate as the required data is collected by authorized shipping companies, port agencies, and government institutions. These details are then used by traders and marketers worldwide to create business plans and expand their market scope.

Import-export data assists companies to grow internationally and expand their scope. Companies get to know about their competitors, profitable products, pricing trends, and inventory status of goods and communities.

The reports related to import-export data are released on a monthly or quarterly basis by the countries. It helps various companies to design their market plans, strategies, and projections accordingly.

Exports and imports of trade businesses indeed help to grow trade associations and connections between countries. This is the major reason why import-export data provider is the crucial data that is maintained to keep a record of the global market and transactions happening around the world. There are multiple sources available online that provide import-export data of various countries.

BIGGEST GLOBAL EXPORTERS

As of the year 2020, the biggest exporters of the World are as follows:

·        China ($2.65 trillion)

·        The United States ($1.34 trillion)

·        Germany ($1.33 trillion)

·        Japan ($623 billion)

·        South Korea ($531 billion)

BIGGEST GLOBAL IMPORTERS

As per the data collected in the year 2020, the biggest importers of goods and services in the world are as follows:

·        The United States ($2.24 Trillion)

·        China ($1.55 Trillion)

·        Germany ($1.11 Trillion)

·        The United Kingdom ($610 Billion)

·        Japan ($581 Billion)

 

 

 

FRIENDLY ADVICE

If you want personalized analysis and guidance about import-export data or global trade data of any country, then get in touch with TradeImeX® Info Solution Private Limited. We are one of the leading import-export data services providers online in India. TradeImeX® Best Import-export data strives to deliver accurate global trade data to people of more than 70 countries. We deal in providing best-in-class advice in identifying the potential market as per the products and services and hence, help businesses to skyrocket their sales and profits and take them to the next level.

According to Turkey trade data the Top 10 export partners of Turkey account for 49% of other exports. Export partners are European. 26% of total exports from Turkey go to Asian countries and about 9% of exports go to North American countries. Turkey trade data also shows that the smallest export partners of Turkey in 2020 were North American and Latin American countries.