Trade Data Benefits
Import-export data also known as trade data or import-export statistics, contains numerical or statistical data about international trade which is presented by different countries at different time intervals. It is good to know that trade data is available for both industry-based and product-based versions. To make the data more understandable, trade data is presented in the form of unique HS (Harmonized System) codes and industry data are showcased based on NAICS codes. WHO IS ADDICTED TO TRADE DATA? Import-export data is studied and analyzed to find the potential market for a particular commodity or service that is supposed to be exported and a good potential market from where goods and services can be imported. Many institutions have a close eye on this data, like governments, corporations, trade associations, law firms, and international organizations. Some key benefits of using trade data are: 1. Vietnam Trade data is used to know about the supply or demand o