Import And Export Data- A Key To Success

The world economy and commerce industries depend very heavily on the international trading process taking place along the coast of various countries

. This very bilateral trading process forms the very backbone of major economies in the world. A very powerful tool the respective countries and buyer have at their disposal is import and export data which is a database collection of various details regarding the trading process. This data is primarily a detailed record of the various goods and products that have been imported and exported by a particular country in a particular fiscal year.

The data regarding various imports and exports have also become very important and forms a very integral part of the global trading scenario. The entire data is fed into database which already hosted over the internet and has global access. As a result of this global accessibility, traders and buyers around the world can have a detail analysis regarding a particular importer or exporter thus ensuring a more genuine business. This online database can be exploited as and when desired in whatever possible manner depending on the user. One can easily generate excellent charts and reports regarding buyers etc. These databases provide user friendly search options ranging from a general product wise search query to a more complex buyer/ dealer based search. A company can easily assess its own or a perspective client with the help of these databases.

The import and export data is collected by competent and qualified authorities, mostly working under the customs department of the country, who categorized it under various subheadings as per the needs. This is essentially composed of names of the buyers, names of the importers and exporters, name of other parties involved directly or indirectly in the process, details regarding the product imported or exported, its certain Harmonized Code List which is of primary importance, the quantity of the product, the quality standards under which it was received, the market cap on that particular imported or exported good etc. Most of the countries follow the bill of entry or the bill lading process to collect these data. This process allows the custom or other concerned authorities to make a note of the record associated with the product at the time the product has touched the countries shores. These authorities then pass on the product of the respective ports to carry on with the further trading process. These data also has various reports and case studies on a particular specific product as demanded or desired. It helps making the trading process very transparent and helps a particular buyer or importer to choose his clients beforehand thus making the business authentic and foolproof.

by: Jayden William

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