The importance of Exim data in international trade can be considered the keystone of global business in this evolving international market. It can be helpful to make informed decisions at the right time, in the right circumstances, and, crucially, in the appropriate market.
In this blog, we will dive into an important topic that is crucial for both current importers and exporters. We will also try to help people who want to start their journey in international business.
Before we start, let’s clarify when and what decisions should be made.
Here we can argue between the two cases:
Thus, it becomes clear that using data enhances the feasibility of trade flow much more than just following trends without understanding the situation. It can also help with the first situation.
So, now the thing is, businesses involved in the international market usually rely on data to figure out pricing for their products.
The catch?
Most data vendors only release information once a month. That long wait can really mess with the quick decision-making that exporters and importers need to stay competitive and seize the right opportunities at just the right moment.
Here we have successfully cracked the deal.
beDATOS, our advanced EXIM Trade Data portal, which gives access to 10-day updates that facilitate mid-month price checking for every product you trade. This enhancement reduces delays and helps businesses close deals faster. With beDATOS, you can eliminate hold-ups.