Trade data plays a crucial role in international trade as it helps foreign trade enterprises to develop new customers, maintain existing customers, monitor peers, and analyze the market. In this article, we will explore in detail the impact of customs data on international trade.

  With the development of the international economy, the demand for international trade is constantly increasing. By analyzing customs data, foreign trade enterprises can understand the demand for a certain product in the international market, adjust production strategies, and meet market demand. They can also analyze the situation of domestic and international peers through customs data and improve their products to increase competitiveness. Therefore, customs data is even more important for foreign trade enterprises to analyze international trade and changes in current foreign trade decisions.

  Customs data is an important tool for foreign trade enterprises to develop new customers. Customs data provides detailed information about import and export trade data, including the types, quantities, prices, and countries of import and export commodities. Foreign trade enterprises can use this information to identify their target markets and customers and establish contact with them. For example, if a foreign trade enterprise produces a certain product, it can use data to identify which new customers in the target market have not been contacted other than existing customers. Similarly, if the product is saturated in the domestic market, it can use customs data to find out the export countries and quantities of the product to discover new export markets.

  At the same time, customs data also helps to maintain existing customers. Foreign trade enterprises can understand the import and export situation of customers through customs data and their demand for certain products. By understanding whether customer procurement needs have increased and whether the customer has a demand for new products, foreign trade enterprises can not only increase the purchase volume of existing products but also increase the cross-sales of new products. This increases the customer's purchase volume and allows foreign trade enterprises to learn about other suppliers behind the customer, greatly improving customer loyalty.

  In addition, customs data also helps to monitor peers. Foreign trade enterprises can understand the import and export situation of their industry competitors through customs data, as well as their advantages and disadvantages. For example, if a foreign trade enterprise discovers that a product produced by a competitor has significantly increased sales in certain countries, it can analyze customs data to better understand international market demand, make wiser decisions, and thus improve its own competitiveness.

  Of course, customs data can also be used for market analysis. Because customs data can see the detailed transaction information of every single import and export trade, foreign trade enterprises can understand the demand and trend of the international market and make corresponding decisions. For example, due to the impact of the pandemic, many product markets have undergone changes. Through data analysis, foreign trade enterprises can promptly learn about the proportion of exports of a certain product to various countries and adjust product markets with changes in the overall environment to seize new business opportunities.

  With the development of globalization, more and more foreign trade enterprises must go global. In this context, customs data is even more important as it can help foreign trade enterprises understand the demand of the international market and make corresponding decisions. Customs data not only helps foreign trade enterprises to develop new customers, maintain existing customers, monitor peers, and analyze the market but is also very important for national statistics of foreign trade import and export situations. Customs data is not only an important basis for national macro-guidance, but also an important information for local policy implementation. It is of great significance for the analysis of the international economic situation.

  Overall, customs data plays a very important role in the international trade process and is essential for foreign trade...