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Imports and exports can be tracked using trade data


As tensions increase in international markets and more tariffs are added, trading analysis is crucial to strategic decision-making. US trade data analysis can give you key insights into domestic markets and international markets to help you make better business decisions. Trade data can be used to analyze the supply chain dynamics, domestic demand and shifts in raw material movement.

Accessing trade data

Consumption evident

Trade analysis can be used to determine local demand even if production estimates are not available. Apprent consumption is the measure of the country's demand for a product. It includes Import Export Data.

Analyse the supply chain

Many times, the final product is created using inputs from other nations. A trade analysis can be used in order to determine which countries provide bulk materials and the flow of raw material among them.

You can use trade analysis to determine the origins and values of raw materials from different countries. It is possible to determine a relationship between the raw materials that flow into a country and its exports of final goods, intermediate or final products. Different regions might have different data that can provide additional information about top exporters of particular products. These data can be used to determine the best strategies for acquiring raw or intermediate materials in the future.

The data that shows both the volume and value of exports can give insight into the export prices for different countries. The US International Trade Commission estimates that 48 million kilograms of soybean seed (or $28million), were exported from the United States to Canada in 2017. These numbers can be used as a rough estimate of the soybean seed export price at $0.60 per kilogram. This is an estimate for the entire HHS code. Trade flow reporting errors could affect the estimates. These steps should be understood by all users of the system.

Trends over time

Trade tensions are on the rise. You can use data on imports and outgoings to analyze the current trade policy's effect on global and regional goods movements. You can use trade data to analyze the production processes in different industries.

Exports to other countries could decline if there is an increase of production capacity. Many industries rely on components that are available from all over the world for their production processes. These trade practices may indicate that it is time to reexamine where the source comes from.

Caveats

When analysing or interpreting trade database reports, users should be aware of the possible caveats. Multiple items can be tracked together using the same HS number. This could lead to additional items being included in shipments, which can cause an underestimation of the product's trade volumes. These additional items will not be considered in trade flows and could result in a lower trade volume between countries. There are many ways you can spot discrepancies.

  1. To determine if flow is underestimated, compare production and export data.
  2. Primary research with market participants is required to determine the average trade share for manufactured goods
  3. To approximate the export price, you can use volume and value estimates. Compare the estimated or average price of goods.
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Location: Houston, TX 77001, USA

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