Knowledge - DataOnTrade

Compared with exhibitions or B2B platforms, customs data has good customer acquisition advantages in terms of economy and investment time. Today, I would like to share with you a free trial customs data tool - trace data, to help foreign traders do market background research and peer analysis.
 

Investigate the market conditions of products/industries from the dimensions of export global market size, purchasing (supply) country proportion distribution, quantity, purchasing (supply) frequency, business stability, and purchasing peaks, etc. Conduct a background check.

1. Open the tracking datahttps://www.ueedata.com/

2. Enter product keywords, company name or HS code query
Taking LED as an example, the system matches 535,420 pieces of buyer information, and you can also finely filter according to whether you are purchasing in China, country, region, transaction date, frequency, and region.


3. Analyze the overall scale of China's exports of products in the past year or three years, export quantity, total amount, export countries, etc..
Understand the company's current purchase (supply) frequency, business stability, and purchase peak by observing the company's transaction times, transaction volume, and transaction weight trends in different dimensions .

4. Check the bill of lading. Data dimensions can be accurately searched by product name, HS code, transaction time, customs order number, trade area, etc..


5. Check the trading partners (peers), and analyze the procurement and supply market and share.
Help you deeply analyze the company's market situation, scientifically formulate production and marketing strategies, and do market background research and peer analysis. If most of the buyer’s partners are developed countries in Europe and America, it means that the buyer has high quality requirements; if most of the partners are third-world countries and regions, it means that the buyer is more sensitive to price and less demanding on quality. Based on your production, service and price advantages, analyze whether it meets the needs of these buyers, and set the basic direction for the development of high-intent customers.


6. Analyze supplier trade details.
By looking at the suppliers cooperating with buyers, their website information, social media disclosures, company background, etc., analyze the supplier's scale, production advantages, service cooperation methods, etc., to find out what others have and what others have. Advantages, targeted and precise development of customers.
You can also search for the supplier (peer) company name in the "supplier" module of the tracking data to find the trade record.


 

7. Investigate the market situation of the product through the above steps, understand the market, choose a market and a buyer that is more suitable for your product, and write a development letter or phone call through the contact information Contact, etc., accurately and effectively develop customers with half the effort. Know yourself and know the enemy, never slack in a hundred battles.
 

    Foreign trade development of customers is a process of long-term attention and continuous follow-up. A thousand miles begins with a single step. When developing customers, we recommend that you go through an all-round market background first, and then accurately develop one-on-one. This refined method of developing high-quality customers is self-evident that it can obtain real high-quality customers compared to sending a large number of mass development letters without purpose.