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What is Customs Data?

Customs data, in the context of international trade, refers to the information and documentation collected by customs authorities of a country regarding the movement of goods across its borders. It includes detailed information about imports and exports, such as the description of the goods, their quantity, value, origin, destination, and the parties involved in the trade transaction (importers, exporters, and sometimes intermediaries).

Customs data plays a crucial role in international trade as it helps governments enforce trade regulations, collect import duties and taxes, monitor trade flows, and compile trade statistics. It provides valuable insights into the volume and value of trade between countries, the types of goods being traded, and the trading partners involved.

Customs data is typically collected through various customs forms, such as the bill of lading, commercial invoice, customs declaration, and other supporting documents. This information is submitted by importers and exporters to the customs authorities when goods cross the borders. Customs authorities then process and record this data for regulatory and statistical purposes.

Access to customs data using TradeDataPlus is important for businesses and organizations involved in international trade. It allows them to analyze market trends, identify potential trade opportunities, assess the competitiveness of products, monitor competitors' activities, and conduct market research. By understanding customs data, businesses can make informed decisions, optimize their supply chains, mitigate risks, and comply with trade regulations.

Customs data can be obtained from various sources, including government agencies, customs authorities, trade databases, and specialized data providers. TradeDataPlus compiles and organizes the customs data, cleaning it and making it available to businesses, researchers, and other stakeholders who require accurate and up-to-date trade information.