Having access to current and accurate global export import data statistics is vital for companies, policymakers, and trade analysts. Exim trade data (also known as export-import data) is an essential resource that provides granular detail on global trade patterns, products shipped, trading partners, and market behavior. As such, export trade statistics allow businesses to make better choices for what products to import and sell, identify growth opportunities, and mitigate risks in global trade. Exim trade data includes shipment information such as volume, product classifications, exporters and importers, shipment dates, values, and shipment destinations. Any company can look at this data and determine the locations of emerging markets, competitor activity, and demand trends for specific products. Governments and trade organizations use exim trade data to monitor the trade balance, regulate imports and exports, and create policies to stimulate economic activity and growth. One of the most valuable aspects of global export-import statistics is the actionable insights on how to use market data for business expansion. For example, businesses can ascertain the countries that import a particular volume of product and identify the market leaders among suppliers. This data shapes business decisions related to pricing, logistics, supply chain, and/or marketing.
