Solutions for Global Trade

Tradedigits’s global trade intelligence gives you an access to past, present and future US and global trade data.

Our trade data provides our customers with new business opportunities to find high-quality potential customers in minutes. By entering commodity name or HS code, you can see a list of importers and/or exporters and get a comprehensive ranking view of international buyers and sellers.

With an accurate, up-to-date comprehensive database of import and export information, Tradedigits provides actionable solutions for market research, sales insights, supply chain management, security enhancement and competitive strategies. The solutions are supported by the world’s largest searchable trade database covering global import and export records of 20 countries from four continents.

Manufacturers, shipper wholesalers, transportation and logistics service providers, management consultants, industry analysts, etc. use our data to initiate growth strategies, open up new markets, benchmark performance, monitor the quantity and value of goods, streamline trade data research, find buyers – suppliers chain and improve procurement strategy.

For more information about our global trade intelligence, please contact our email: info@tradedigits.com.

China’s import&export value reaches 30 trillion in 2018

At the press conference held recently by the Information Office of the State Council, Li Kuiwen, spokesperson of the General Administration of Customs and Director of the Department of Statistical Analysis, introduced China’s import and export situation in whole 2018. He pointed out that in 2018, China’s import and export scale reached a record high, exceeding 30 trillion yuan.

According to customs statistics data, in 2018, China’s import and export value totaled 30.51 trillion yuan, an increase of 9.7% over 2017, that was, 2.7 trillion yuan. The exports value was 16.42 trillion yuan, up 7.1%; the imports value was 14.09 trillion yuan, up 12.9%.

If it is denominated in US dollars, in 2018, China’s foreign trade import and export value was 4.62 trillion US dollars, an increase of 12.6%; of which, exports was 2.48 trillion US dollars, an increase of 9.9%; imports was 2.14 trillion US dollars, an increase of 15.8%.

It was reported that in 2018, the import and export value of China’s general trade was 17.64 trillion yuan, an increase of 12.5%, accounting for 57.8% of China’s total import and export value, 1.4% higher than that in 2017, with trade structure optimization.

Inforvellor is a service provider that provides foreign trade big data for foreign trade companies to master market prices, find buyers or suppliers and monitor competitors. For many years, it has been engaged in research, collection, development and application of foreign trade data. We always adhere to the mission of “making global trade easier” and are committed to using our big data to connect global traders with each other and achieve precise matching and secure transactions. To know more about our big data, please contact the email: info@tradedigits.com.

Brazil Import B/L/declaration Data

Brazil is the largest economic power in Latin America and the top 10 economic power in the world. Inforvellor is the leading platform to launch Brazil import data based on Brazilian bills of lading and Brazilian customs declarations in China.

For Brazil import B/L data, you can find information about the importer, HS code, commodity quantity, goods(including product specifications), freight, insurance, CIF value, weight, exporter, country of origin, supplier, manufacturer and so on. For Brazil import declaration data, you can find information about the importer, customs, weight, price, value, country of origin and so on. Our historical Brazil import records can date back to as early as 2012.

What can our Brazil import data help you?

Firstly, find more customers in Brazil.

Enter a commodity HS code in Brazil import data, then you will see a list of Brazilian importers with their import details. Through Internet, social media or other platform, you can find the contact methods of these importers easily. Through the analysis of their import details, you can be clear about their products specifications, purchasing prices, power and cycles, etc. Then when you contact them, you are more likely to content their demands, thus win their orders.

Secondly, track competitors’ trade activities

Brazil import data includes trade intelligence such as goods and specifications, quantity, CIF value, weight, exporter, country of origin, supplier, manufacturer, etc. By the intelligence, you can better understand the activities of your competitors in the Brazilian market.

Thirdly, get market intelligence reports.

We have an experienced and knowledgeable team of market experts and industry experts who develop market intelligence reports based on the latest import data of Brazil. These reports can help you assess the Brazilian market in depth and find new customers for your export business.

Tradedigits provides quality trade data services

Industry Intelligence

We provide our clients with accurate global trade data and trade reports by which they can check the prices, quantities, demands and supply of goods of all industries. In addition, they can find potentials and opportunity to expand their business.

Competitive Intelligence

In today’s competitive world, it is critical to understand the competitive advantages of your competitors. Our import and export intelligence information and trade reports can help you monitor your competitors’ shipments, enable you to know who your competitors are and track each export shipment or declaration records of them. You are able to be clear of the specifications and modes, brands, prices, buyers list, ports of loading and ports of discharge and so on of your rivals.

Quality customer service

We are ready to provide you with wholehearted service whenever and wherever. Our customers service representatives are always happy and quick to contact you and positive and patient to answer any of your trade inquiries. Before you subscribe our service, you are able to enjoy our free and quality pre-sale consultation online and remote data demonstration as long as you fill out the demo application form on our website. You can also experience our data by yourself as we also provide a 7 days free trial service. After your subscription, you can enjoy free online data usage training, making you to better use our data service.

China cuts its first oil import quota in 2019

According to Reuters news, China released the first batch of crude oil import quota in 2019 last Wednesday, lower than the first batch of standards last year. According to informed sources, the Ministry of Commerce of China issued a total of 89.84 million tons of oil to 58 companies in the first batch of quota in 2019. This number is down from the 121.22 million tons released in the first batch of quota in 2018. However, sources said that Beijing may increase the total amount of quota in the second batch.

China is the world’s largest oil importer and the second largest oil consumer. Lower import quota may indicate a slowdown in China’s crude oil demand growth in the first half of 2019. Seng Yick Tee, an analyst at SIA Energy, a Beijing-based consultancy, said that from January to October last year, domestic refineries used only 71% of the quota, and the governing body set the first quota for 2019 based on this situation.

Overall, according to SIA Energy’s data, the launch of China’s new refineries in 2019 is expected to bring crude oil imports to a higher level, with an additional demand of 630,000 barrels per day, an increase of 7% over last year. Tee said, “We believe that China’s total crude oil imports in 2019 have not fallen significantly, because the import growth is mainly from large petrochemical refineries and refineries of state-owned oil companies.”

Japan and Uruguay agree to export beef to each other

Japan and Uruguay agreed to allow the import of beef from each other on December 2nd as a way to expand bilateral trade when Japanese state head first visited Latin America.

Japanese Prime Minister Shinzo Abe said he was pleased with the trade agreement at a joint press conference with Uruguayan President Tabare Vazquez after talks with Montevideo.

At the press conference, Abe also stated that Uruguay was “an important partner of Japan and has universal values ​​such as democracy and the rule of law.”

Japanese officials said that during the meeting, Abe and Vazquez agreed to promote non-governmental exchanges in the fields of sports and culture on the occasion of the 100th anniversary of the establishment of bilateral diplomatic relations in 2021.

Later that day, Abe moved to Paraguay and reached an agreement with Paraguay’s President Mario Abdo Benitez to seek an early conclusion of a bilateral investment agreement aimed at improving the business environment.

According to officials, it was the first time for Japanese state head to visit Paraguay. Tokyo also promised to provide 500 million yen ($4.4 million) in grant assistance to Asuncion to enable Japanese medical equipment to be provided to Paraguayan hospitals.

As part of the South American tour, Abe not only visited the two countries but also participated in the G20 summit in Argentina.

What can China customs data do for you?

Customs statistics is the import and export statistics generated by the customs in fulfilling the functions of import and export trade statistics. The China Customs conducts investigations, analysis and supervision on import and export goods, and performs its import and export statistics duty that it’s responsible to compile, manage and publish customs statistics. Inforvellor collects and processes China customs trade statistics and forms it into China customs data. So, what can China customs data do for foreign trade business? Let’s take a look at it:

Firstly, know the Chinese buyers. By analyzing a Chinese buyer’s procurement records to understand the its procurement rules, such as purchasing period, demands, purchasing capacity, product specification according to the its purchase quantities, declaration/shipping dates, goods descriptions, prices, etc. Basing on these rules, you are able to better serve your buyers and win more new ones.

Secondly, learn about your Chinese competitors. By China customs data, we can see: Who are the Chinese suppliers of one specific product? Where are they? How to contact them? What are their supplying capability and prices? …By analyzing the trade details of the Chinese opponents, you can figure out what your existing advantages and weaknesses are, and timely adjust your competition strategies to improve your competitiveness.

Thirdly, understand the market development trend. Through the data to understand the emerging products of the same industry, to understand the changes in customer demand. Then you can be in more timely response to the market changes, improve your competitiveness, and get rid of customer loss.

The international business intelligence data information platform developed by Inforvellor is a relatively extensive foreign trade data system currently used, mainly for the analysis of foreign trade market, customer development, user management, etc., providing industrial macro analysis and global business opportunities for foreign trade enterprises, and a series of data support for global business planning, marketing and customer relationship building.

Market situation of China pump industry and business solutions

The pump industry meets intense competition in the domestic market. The intelligent controller is an accessory product of the pump, and its target customer groups are mainly pump factories, pump distributors, engineering companies and system integrators. Ma Shuangcheng said that although the market prospects of intelligent controllers were broad, due to the fierce competition in the domestic pump industry, oversupply of low-end pump products and overcapacity of production, there was a low profit margin in the domestic market.

In fact, overcapacity in the pump industry has become a very common problem. Zhejiang Wenling is known as the “Hometown of Chinese Pumps”. In this county-level city with an area of ​​less than 1,000 square kilometers, there are more than 3,000 pump factories of various sizes, with an annual output value of 35 billion, but most of their production process is backward and lacks independent innovation. According to Jiang Sheng, secretary general of Zhejiang Wenling Pump and Motor Technological Innovation Service Platform, the current average profit rate of the pump industry is 7~8%, and the average profit margin of its SMEs does not exceed 5%.

The competition in the pump industry has made the price of the intelligent controller products more and more sensitive. Ma Shuangcheng said that at present, domestic buyers were trying to reduce costs; in the past, as long as the products were too hard, producers could get domestic orders; now they have to produce products in good quality and at cheap prices.

The domestic pump market has entered a period of meager profit, and many Chinese companies have turned their attention to overseas markets with more lucrative profits and broader prospects. “If we have to determine the place we should export our goods, China or overseas? There is no doubt that we will choose the later one. In recent years, our business has gradually extended to overseas markets. Currently, orders from overseas markets have accounted for more than half of the company’s total operating income,” Ma Shuangcheng said.

So how do a pump producer in China start a business with overseas partners? Where is the specific target market positioned? How to find a overseas buyer? Well, if you are confused with these questions, then you can ask for help from Tradedigits. Tradedigits is committed to providing valuable business intelligence to global foreign trade companies by its big data. It collects global import and export declaration and B/L records and process it into favorable raw import and export data, market analysis report, buyers list, suppliers list, etc. If you are searching for an effective way to find your customers or understand where your target market is, our big data is a good choice. For more information, please visit our website: http://www.tradedataeasy.com.

China services trade exceeds ￥4.3 trillion first 10 months

China’s Ministry of Commerce recently said that from January to October this year, China’s total import and export of services exceeded 4.3 trillion yuan, and its scale reached a new high, with a growth rate of 11.1%. It is expected to maintain an overall growth rate of around 10% throughout the year.

According to the data released by the Ministry of Commerce, from January to October, China’s total import and export of services was 4,302.24 billion yuan, of which exports were 1421.18 billion yuan, up 14.3%, and imports were 2881.06 billion yuan, up 9.6%, and the deficit was 1459.89 billion yuan. From the perspective of total import and export, the scale and growth rate of service trade continued to improve.

The rapid growth of emerging services has strongly promoted the high-quality development of service trade. According to data from the Ministry of Commerce, from January to October, the total import and export of emerging services was 1,418.16 billion yuan, up 20.4%, 9.3% higher than the overall growth rate and 13.6% higher than the growth rate of traditional services import and export. However, from the perspective of scale, the import and export of traditional services still dominates.

From the perspective of service exports, the construction of the national brands of “Chinese Service” has driven the rapid growth of high-end production service exports. In the first 10 months, exports of high-end productive services such as computer and information services, insurance services, R&D results transfer and commissioned R&D service increased rapidly, with growth rates of 66.7%, 20.5% and 18.3% respectively.

From the perspective of service imports, the accelerated upgrading of service consumption has pushed the import demand for high value-added services to expand. From January to October, imports of intellectual property rights increased by 22.5%, imports of financial services increased by 22.1%, and imports of computer and information services increased by 24.3%.

Tradedigits provides China import and export data in both goods and service trade (click to view service trade data sample), helping you to find your oversea customers easily.

China and Panama sign “Memorandum of Understanding on E-commerce Cooperation”

On December 3rd, during President Xi Jinping’s first state visit to Panama, witnessed by the two heads of states, Chinese Minister of Commerce Zhong Shan and Panamanian Minister of Industry and Commerce Arosemena signed the Memorandum of Understanding on Electronic Commerce Cooperation Between the Ministry of Commerce of the People’s Republic of China and the Ministry of Industry and Commerce of the Republic of Panama in Panama city.

According to the Memorandum, the two sides will establish an e-commerce cooperation mechanism, strengthen cooperation in policy communication, enterprise docking, capacity building, etc., enhance the level of logistics and tourism services through e-commerce, jointly strengthen the cooperation of the “Silk Road E-commerce”, and further promote the steedy development of bilateral economy and trade.

China and Panama officially established diplomatic relations on June 13th, 2017, opening a new chapter in bilateral economy and trade relations. Over the past one and a half years since the establishment of diplomatic ties, bilateral economy and trade cooperation has achieved fruitful results. The two countries have broad prospects for cooperation under the framework of the “Belt and Road”. Undoubtedly, e-commerce will play an increasingly important role in bilateral economy and trade relations.

Up to now, China has signed memorandums on e-commerce cooperation with 17 key countries and has established bilateral e-commerce cooperation mechanisms with them. china’s partners have spread across five continents, and “Silk Road E-commerce” has become a new channel and new bright spot for economy and trade cooperation.