Customs Data: Elementary Demand of International Trade

Those who have been involved in the import export business are well aware of the numerous advantages of genuine customs data. By accessing the exports and import customs data of the online database companies, the traders can refer to million of records.

Accurate custom import data and exports data is an elementary requirement of the trade for the following reasons.

For approaching prospective buyers

If you are an exporter and you want to approach other prospective buyers across different countries of the world then custom import data of other countries can help you to do the same. For example – suppose you are exporting ready-made garments to USA and you want to improve your business further in the country. Hence to do the same, you will have to approach other prospective buyer who would be interested in purchasing your goods at better prices. It is not feasible to approach every company that has trade links with your country, so you require a list of USA importers who have been importing garments from your country. The online database companies like Infodrive India provides customs data of numerous countries including USA so that you can easily shortlist those who would be interested in your products.

Know about your opponents moves

Import and Export is a very competitive trade. There is cut-throat competition in the global market. Almost every domestic trader wants to sell his/her products in the international market adding to the competition of the trade. Hence, the traders involved in import export trade need to be very careful about each and every move they take. The traders must plan out successful business strategies even at the micro level to ensure that they make maximum profits. The export import customs data would enable you to keep a tab on your opponent’s movements as well. For example – If you are importing goods from China, then China customs data is very helpful for you. By accessing the Chinese import customs data you can access details like who all are importing the same item from China and at what prices. The China customs data can also help you to approach other sellers who have been selling the similar products at lesser price.

For the service providers to locate new clients

Besides the importer and exporters, the foreign trading platform requires numerous service provides for proper functioning. Service provider to this industry includes those engaged in offering DEPB licensing services, EPCG licensing services, advance licensing services, import code licensing services, import code documentation services, export code licensing services and export code documentation services, import consultant services, export consultant services, code number export consultant services, export documentation consultant services, offering services like 100% EOU, EPZ, STPI, UNITS, car transportation, interstate car transportation services, warehousing facilities and air freight forwarders. Finding prospects who would require their services and meet the requirements in continuity and credibility is easy with the aid of actual custom import data and export data with a list of active importers and exporters.