Turkey Increases Electronics Trade with China with Quality Doubt

As many as 95% of the components used in the Turkish electronics manufacturing industry are imported, which should have been a favorable condition for China and become its largest electronic parts supplier. However, Turkish businesses have concerns about the quality of the China-made products, which puts a stumbling block for trade between the two countries.

Quality issues

In each exhibition , some of the Turkish merchants will always be wary of the quality of Chinese products. This year is no exception. Berkalp Aviral, the marketing manager for Ankara’s electronic instrumentation and temperature monitoring equipment company-Elimko, was not very confident with Chinese products.

Aviral said: “We must be very cautious when we purchase. This is because, for example, Paşabahçe is a well-known manufacturer of glassware, tableware and decoration in Turkey who is also our customer. During the production process, they must ensure that the temperature measuring equipments do not make any mistakes. Otherwise, all the products in production will be affected and the losses will be big. Therefore, although we will purchase parts from China, they will not be the most significant ones.”

Tolga Kaynar is the sales manager of Izmir compressor manufacturer -Lupamat. He believes that the quality monitoring performance of many manufacturers in the Mainland of China is still not good enough, for “Many Turkish merchants have no confidence in Chinese products. In our case, those Chinese suppliers often provide spare parts for us to try, but in many cases these spare Parts can not pass the test in our lab. I believe that to solve the problem, Turkey should regard China’s “One Belt, One Road” initiative as an opportunity to strengthen trade between the two countries and improve bilateral relations and cooperation, including joint research, student exchange and tourism, etc.”

What services can Tradedigits’s customs data provides?

Foreign trade market research

Tradedigits conducts in-depth research on policies and regulations on global exports and key foreign markets, and study on the entry barriers of major markets and local governments’ attitudes towards a target product. It especially strengthens research on emerging global markets, so as to help foreign trade companies to enter overseas markets.

Market demand analysis

Tradedigits researches the demands in target market from multiple dimension such as global imports and exports, regional imports and exports, regional selling quantity, etc., which enables its users to grasp the demand changes in target markets from different dimensions, so as to optimize products and marketing strategies. If you properly and timely adjust your production and marketing strategies according to the changes of market demands, then you can escape business risks.

Supply chain research

Tradedigits’s international business intelligence data information platform provides users with supply chain research report in a target market, helping users to know different levels of distributional channels and find ways to enter the market. By this way, the users save time and labor cost to explore and enter a new market. So take the advantages of the information platform and try to enter your target market quickly!

Price analysis

In the International Business Intelligence Data Information Platform, you can search out the price analysis of the products you are interested in in a target market. Through the platform, you can view the global export price analysis, regional export price analysis, overseas import price analysis, and partial local retail price analysis of a specific product. So, the users can master the overall prices in the entire international trade chain, which helps them to optimize their price strategies and even increase the profit margin.

International trade data reports

China’s most popular importing and exporting products

Through the e-commerce platform, Chinese goods are sold to 54 countries along the “Belt and Road” countries such as Russia, Ukraine, Poland, Thailand, Egypt and Saudi Arabia. At the same time, more than 50 “One Belt, One Road” countries have entered their goods to China through e-commerce. Through the “Online Silk Road”, the world map of international trade are increasingly larger. As a result, the Silk Road becomes a trade tributary for further achieving common prosperity, expanding culture development and accelerating commodity circulation. Through China import export data, you can know what China’s most popular importing and exporting products are.

What are the most popular Chinese products in overseas markets?

Mobile phone, computer and network products, electronic accessories, and household items are the most popular Chinese products in overseas markets. In the past two years, smart products, auto parts, outdoor sports costume, beauty and health care products have become the most eye-catching categories of overseas sales. In terms of growth rate, from January to April 2017, among the 13 countries with the fastest growth in consumption last year, 7 countries were along the “Belt and Road” and experienced an average year-on-year growth rate of more than 10 times.

Which imported goods have the highest sales volume in China?

Among the imported goods, food, alcohol, home textiles, fruits, watches and clocks, and seafood are the highest-selling categories of products from other “Belt and Road” countries. Chilean cherries and Mexican avocados, as fruit stars in China, went into thousands of China’s thresholds in 2016. In addition, imported seafood such as Argentine red shrimp and Ecuadorian white shrimp have also become dishes on the table of the Chinese people, especially during various festivals, sales of which will rise sharply. Philippine 7D dried mango, Indonesian dried fruits and vegetables, Li cheese, Vietnam LIPO rusks and other foods are also sold largely throughout the country, becoming a popular casual snack for urban consumers.

China imp.&exp. monthly statistics and analysis reports

International trade data reports

Tradedigits is the earliest professional research and operation service provider in the field of “trade information” in China, and is the preferred partner for export enterprises to expand overseas markets. So far, the dynamic trade database of 20 countries has been collected through legal channels. Through the IT technology combined with traditional trade ideas, Tradedigits collates, analyses and processes the original customs statistics database to be accurate, timely, detailed and continuously updated trade information for export-oriented export enterprises to find more buyer information with procurement needs at the lowest cost.

At the same time, Tradedigits also bears the considerable responsibility of “breaking the asymmetry of trade information” and provides necessary data support for global import and export enterprises to scientifically monitor domestic and international market demand and changes in the trading environment.

As a pioneer in the “Trade Information” industry, Tradedigits believes that only by effectively addressing the business needs of enterprises can it obtain its market share and go on providing information services to more companies. To provide users with high-quality and caring information services, it will continue to provide rigorous training to its service organizations and information consultants to improve the overall service level and to ensure that each and every penny its users spend will get rewarded.

Advantages of international trade data:

1. Full and complete: It comprehensively includes statistics on import and export transactions of all products in more than 200 countries and regions the world.

2. Dynamic and timely: According to the official data release time, the previous month’s data will be provided in a timely manner every month along with all other historical data. The data is updated in real time to ensure the data timeliness.

3. True and accurate: Relying on the strict monitoring standards of the customs, Tradedigits provides accurate information on the import and export of each HS code.

Market analysis for products

US’s trade deficit rose to the highest level in five months

According to Reuters, the US trade deficit in July rose to its highest level in five months, as the exports of soy bean and civilian aircraft fell and imports increase broke a record.

According to the US Department of Commerce, the trade deficit in July increased by 9.5% to $50.1 billion.

According to US customs data, US exports in July fell by 1% to 211.1 billion U.S. dollars month-on-month, and imports rose by 0.9% to 261.2 billion U.S. dollars compared with last month. The trade deficit increased to $50.1 billion in July, higher than the revised trade deficit of $45.7 billion in the previous month, an increase of 9.5%. The data also shows that the US trade deficit in goods trade and services trade in the first seven months of this year totaled about $337.9 billion, an increase of 7% than the same period last year.

Economists generally believe that the US unilateral trade protectionism policy can not reduce the trade deficit; on the contrary, with the expansion of the US fiscal deficit, the decline in private savings, the increase of interest rate and the US dollar exchange rate, the US trade deficit will continue to expand.

Maurice Obstfeld, chief economist of the International Monetary Fund, told reporters from Xinhua News Agency that the way that the US attempts to cut trade deficits by adding tariffs is totally a mistake, which will not help solve global trade imbalances problem. Instead, it will exacerbate trade tensions and undermine global economic growth.

US import data system

Brazilian Importers Directory

The Brazilian Importers Directory contains information on export-related operations from 2012 to 2018. The Brazilian Importers Directory is an important database that can help identify international partnerships and disseminate information about Brazilian imports. It is a tool to promote Brazil’s import as well as your export business opportunities in Brazil.

The Brazilian Importers Directory provides a valuable source of information for foreign companies or organizations who want to do trade cooperation with Brazilian corporations. It is also an important research tool for international companies interested in increasing businesses in Brazil, building partnerships or implementing investments with Brazilian companies.

The directory of Brazilian importers provided by Tradedigits allows you to access to Brazilian buyers with their contact information directly, which is a useful supplement to Tradedigits’s global import and export data. The directory includes information as follows: product name, buyer’s name, telephone number, fax number, address, etc.. The five major information are all transferred from the local customs data and are highly targeted.

Matters been care of in Brazilian Foreign Trade

Export market research for foreign trade enterprises

The key challenge that exporters always face is the lack of reliable market trade intelligence. Exporters need to keep abreast of current market situation, discover opportunities in new or emerging markets, and diversify investment opportunities. At the same time, global importers are looking for potential of optimized preferential trade agreements and trying to increase their procurement efficiency by discovering new and competitive suppliers. Tradedigits solves these problems through its powerful market analysis tools, helping exporters, importers and trade organizations to keep abreast of international trade trends, to increase the easiness of choosing export markets and suppliers, research and in-depth study and analyze markets.

The international business intelligence data information platform developed by Tradedigits allows companies to access the import and export statistics of more than 200 countries and regions to better understand the supply and demand trends of about 5,300 international trade products. This trade statistics includes China import and export data. This platform is unique in terms of product details and geographic coverage – especially for developing countries and LDCs. Free experience of customs data query

International Business Intelligence Data Information Platform’s customs data shows the market size and growth data in terms of value and quantity in the form of chart or table, as well as preferential tariff rates arising from regional trade agreements between countries. Users can check the data and trading metrics in the table or generate charts to easily compare different trading performance indicators. The Platform also provides up-to-date monthly import statistics and national tariff breakdown data for key markets to further segment product groups and to improve the accuracy of export opportunity identification.

China imp.&exp. monthly statistics and analysis reports

Use customs data to develop global markets

Tradedigits  provides the latest purchase information from all over the world! The info includes importer’s company name, contact person, contact method, purchasing quantity, purchasing price, credit status, supplier’s name and contact, etc.. It also provides trade analysis report service, such as market analysis, competitive environment analysis, price trend analysis, etc.. View global Purchasing Information for free.

How to use global trade data to effectively develop the global market?

1. Analysis of international market dynamics. Through it, you can know where the dominant markets in the world are and if a new market forms recently.

2. Analysis of international competition. Take the market in the United States as an example. By this analysis, you can learn: how many importers in one industry are there in the US? What is the importing quantity ranking of these importers? Which companies in the world are exporting the same product to the US? What are the prices?

3. Analysis of domestic competition status. This analysis enables you understand the following questions: Which companies in China are doing the export business of one product? Who are the producers? Where are the countries, regions or places of destination? Where has a bigger market? What is the price of this product exported? Which market has the higher price?

Tradedigits is a professional international trade information service provider. At present, it has established long-term strategic partnerships with official institutions in 20 countries including the United States, Brazil, China, Russia, the United Kingdom, India, and Argentina.

Market analysis for products

Market analysis for products

Tradedigits mainly provides domestic enterprises with high-quality procurement information (or supply information), analysis of China’s import and export trade industry and analysis of global trade competition environment. We sincerely hope that we can help you greatly enhance your international competitiveness, rapidly expand overseas markets, and deeply integrate into the global economy. (Click to experience Tradedigits’s import and export data query.) We can do as following:

1. Provide importers list who purchased worldwide the products of the same kind with yours. The name list content contains the buyers’ company name, contact person, contact information, etc.

2. Analyse your customers’ purchasing status, for example: How much were their purchase volumes respectively in the last quarter? How much was the purchase amount of each shipment of goods? Where did they purchase? How many suppliers do they have? And what is the supply situation of each supplier? What products do they purchase in addition to the same ones with yours?

3. Analyse the import and export status of one industry, for example: How many are China’s import and export volumes of one product in the current year? What is the total export and import value? How much/many is/are each foreign countries and regions’ export/import value and volumes? What are the unit import and export prices? What are the price changes? What is the import status of one product? Which domestic companies are importing the product? Whether there are importers who can become your target customers?

China to achieve annual growth target despite of trade war