Global Trade Data
The Ultimate Guide to Global Trade Data 2021
What is Global Trade Data?
Global trade data is information about the export and import of goods and services in the global market. This data is categorized according to country and by sector. Other information regarding global trade data include trade policy, related economic issues, tariffs, global value chain, and non-tariff measures. Global trade data is based on the performance of the global economy, and it can be used to gain insights into the global market.
How is Global Trade Data collected?
Global trade data is collected through different sources. These sources include business news websites, social media platforms, government websites, world trade organizations, UN websites, and the world bank. These sources are in the form of graphs, statistics, figures, and charts. The collected raw data is analyzed and organized by data providers. Then the global trade data goes data cleansing and filtering to remove duplicates and incomplete data. Data is compiled and turned into datasets that are stored in data repositories for storage and accessibility.
What are the typical attributes of Global Trade Data?
The common attributes of global trade data are:
- Country attribute: this relates to a certain country and its overall trade activities.
- Sector attributes: this refers to what sectors are involved in trade processes like the energy sector, agriculture sector, automotive sector, and many more.
- Product and service attribute: this refers to the specific product of service that a country export or imports.
What is Global Trade Data used for?
Businesses and companies use global trade data. They use this data to gain insights into the global market. They see which trade sector is thriving and invest in that opportunity. They can also use this data as a comparative advantage depending on what country they operate in, and they can use this as a reference for their next business expansions due to the low cost of production of some countries. Another sector that can benefit from this data is the public sector. The public sector can use this data to improve trade policy for their advantage.
How can a user assess the quality of Global Trade Data?
In order to assess the quality of global trade data, data providers must be credible. Credible data is based on reliable information. Data providers must recognize where they got their sources. Global trade data should be applicable to the user’s specific use case. The global trade information must be useful - this means it must fit its use case. The global trade data must also be accurate, error-free, and frequently updated. For users, you can read online reviews about global trade data providers to have better insights about the company. Users may also ask for sample of global trade data to see if it actually fits their needs.
Who are the best Global Trade Data providers?
Finding the right Global Trade Data provider for you really depends on your unique use case and data requirements, including budget and geographical coverage. Popular Global Trade Data providers that you might want to buy Global Trade Data from are Alqami, Finage, Datalastic, EPIC Translations, and Gmgft.
Where can I buy Global Trade Data?
Data providers and vendors listed on Datarade sell Global Trade Data products and samples. Popular Global Trade Data products and datasets available on our platform are Kaiko Tick-by Tick Trade Data (Global real-time trade data for over 85 exchanges) by Kaiko , Finage Real-Time & Historical Forex Market Feeds - Global Forex Data by Finage, and Alqami Defense Industry Manufacturing Data Global | market forecasts & intelligence by Alqami.
How can I get Global Trade Data?
You can get Global Trade Data via a range of delivery methods - the right one for you depends on your use case. For example, historical Global Trade Data is usually available to download in bulk and delivered using an S3 bucket. On the other hand, if your use case is time-critical, you can buy real-time Global Trade Data APIs, feeds and streams to download the most up-to-date intelligence.
What are similar data types to Global Trade Data?
What are the most common use cases for Global Trade Data?
The top use cases for Global Trade Data are Procurement Intelligence.