Import Export Data: Best Import Export Datasets & Databases

Import Export Data Explained

Sources of Import Export Data

Whenever a trade agreement is formalized and a good is either imported or exported a lot of data needs to be recorded. This can come from the agreements themselves, which are often published and can then be mined for information.

Alternatively, whenever a good passes through a supply chain point, such as a port, the goods, their value and any duties or tariffs paid have to be recorded. This information can also be used to populate an import export dataset and can provide key regulation information.
Import export datasets can also use shipping schedules as a source of information as this can be used to track the number of imported goods entering or exported goods leaving a country at any one time.

Main Attributes of Import Export Data

An import export dataset will mainly provide details about the goods that are being imported or exported. This can be their value, what the goods themselves are and the tariffs and duties that were paid.

There may also be information about the details of the trade agreement that is leading to the import and export trade. This can include which parties are involved in the trade or what is being given in return for the goods.

Finally, import export data will usually include attributes based on the tariff of the goods. In the USA, goods being imported and exported using the Harmonized Tariff Schedule (HTS) and almost all other countries have tariff classification system based on this international Harmonized System (HS). This and other details are recorded to populate an import export dataset.

Use Cases of Import Export Data

Organizations, businesses and countries use import export data to analyze and evaluate international relations. Trade analysis, such as the examination of tariff activities and how they increase/decrease, can give a good insight into the current state of relations between different countries.

Import export data is also important for understanding market conditions globally. By analyzing import and export data businesses can gain key insights into domestic and global markets which are then used to make the most well-informed business decisions.

Import export datasets can also illustrate the workings of product supply chains as well as demand for goods and services. Manufacturers use this information to determine what they need to produce more of and how to adjust prices to generate the highest levels of revenue. Import export datasets can be used to highlight goods consumption which is not only used by manufacturers, but also researchers and organizations for the preparation of trade reports.

Quality Assessment of Import Export Data

A high quality import export dataset will provide regularly-updated trade information on the goods that are being imported and exported across the world or in a certain region or country.

It will also give useful insights into current tariffs that are being imposed, as well as often providing historical tariff rates so you can track how they have evolved over time and ascertain whether this is affected or affects international relations.

Always make sure to read the data provider’s reviews before buying any import export datasets and ask for a data sample before you purchase to make sure the data provider matches your needs.