How to effectively find and track foreign buyers?

If you are a businessman or businesswoman who has done foreign trade business for several years, you may have encountered such situation: there are some customers who are interested in your products and have emailed you for many times, but they don’t make a deal with you at last.

Finding potential customers is important whereas turning them into real buyers is vital. What’s the relationship between the two factors and Order? Potential Customers No. * Turnover Rate = Order. Then how can we follow up the potential customers, increase the turnover rate and win their orders?

Tradedigits strongly suggests that global import export data (or “customs data”) is a vital way to develop potential customers, track foreign trade activities and learn about their price expectation. On the meanwhile, it is also used for understanding market prices, maintain regular customers, monitoring competitors and analysing market situation and trends.

Enter the products or HS codes you are interested in in our database search platform, then it will present a list of all real importers. The data are accurate, complete and updated timely as they are based on bill of lading or declaration data registered in the local customs. Through the data, you can understand purchase records of a buyer you are interested in, including its purchase cycle, suppliers, deal prices, quantities, weights and other transaction details. As you know who are your potential buyers, their purchase details and prices, you can highly improve the turnover rate later.

You can also dynamically track old customers who have cooperated, timely understand their each purchase record, know whether they add new suppliers or new types of products, etc.

International trade data provider

Tradedigits is a trade intelligence and market research company that helps importers and exporters learn about the market situation and trend, find suppliers or buyers, monitor competitors’ trade activities and make better business strategies by its comprehensive and accurate global export and import data and trade intelligence reports.

Since 2013, we have served hundreds of customers and have evolved into a market leader who understands market needs, changes and trend. We analyze and process export and import data based on customers’ needs and provide them international intelligence reports.

We help importers, exporters, manufacturers, research companies, logistics and transportation companies and banks to expand their business to a new level. Our global trade data and trade intelligence reports will definitely take your business to a new peak.

Why should you choose Tradedigits?

Tradedigits is a global market researcher and trade data provider that aims to create business opportunities of international trade by its most accurate market intelligence information. The below are the competitive advantages of us:

Wide coverage of trading countries

Our global trade data covers import and export data of 20 countries in Asia, Europe, South America, North America.

Complete and Comprehensive Information

Our global trade data includes a wide range of fields, including trade type, transportation mode, port of departure/destination, product name and specification, importers details(name, address, contacts, email, phone, fax, etc.), exporters details, total amount, unit price, Incoterms, etc., which all contribute to better market analysis.

Timely update

Our customs data is updated monthly or daily to ensure that our customers timely access to it.

In-depth market analysis reports

Our customized business intelligence reports make market analysis from the perspectives such as product specifications and brand, trade quantity, amount, price, exporter, importer, etc. This analysis report helps to study market size and commodity prices trend as well as one company’s market share.

Real and reliable information

The information we provide is completely true and authentic as all our B/L and declaration records are collected directly from various customs and other trusted sources.

Excellent 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.

China E-commerce law implemented officially

On January 1st, 2019, the “Electronic Commerce Law of the People’s Republic of China” (referred to as the E-commerce Law) was officially implemented. This is China’s first comprehensive law in the field of e-commerce. It has made relevant regulations on personal purchasing on others’ behalf, brushing, big data killing, and bundled sales.

China trade data

The implementation of the e-commerce law plays an important role in the market, making the regulation of e-commerce more standardised. As far as the current situation is concerned, the implementation of the E-commerce Law will allow more shops and individual consumers to have legal compliance and rationality, so that more people can better protect their rights and interests. Subject to the new e-commerce law, illegal acts such as brushing orders, false transactions, and consumers deceiving will be gradually eliminated. The improvement of product quality and service quality will definitely make the e-commerce market reach consumption upgrade.

After the implementation of the E-commerce Law, it is necessary to apply for registration for enterprises or individuals. As long as it is an e-commerce operator, it must have business license registered so that it’s available to check it. This will better circumvent more non-professional practitioners and counterfeit people.

In terms of e-commerce platform liability, the e-commerce platform knows or should know that if the operator has violated the legitimate rights and interests of consumers, and if it fails to take necessary measures, it shall bear joint and several liability. For goods or services that affect the life and health of consumers, if the e-commerce platform does not fulfill the auditing obligations for the qualifications of the operators in the platform, or it is not responsible for the security of the consumers, but causes harm to the consumers, it must bear corresponding responsibilities according to the law. If the harm is serious, the maximum fine is 2 million yuan.

US soybean exports fell sharply in 2018 due to trade war

With the farewell to 2018, the only key issue in the global economy is the trade war between the United States and China. Market research experts said there may be no signs of any mitigation in 2019. Both countries are involved in the trade war, as each country continues the dispute and to impose tariffs on goods traded between them. However, according to
China soybean import statistics, at the end of the year 2018, China imported soybeans from the United States for the first time since the Sino-US trade war. This is good news.

China imported US soybeans for the first time since the trade war

US soybeans re-entered the Chinese market after China imported them from the United States on December 12th, 2018. But it just accounted for a small portion of China soybeans import. Since the Trump administration began a trade war with China in July last year, American farmers have suffered severe losses.

Chinese state-owned enterprises have purchased at least 500,000 tons of US soybeans in December last year. This is the first major soybeans transaction since US President Donald Trump and Chinese President Xi Jinping met in early December. China is the largest buyer of US soybeans, but since US imposed high tariffs on Chinese goods on July 6th, China has purchased very little.

United States soybeans export to China January – October 2018

According to the trade statistics of China and the US, US soybean exports to China have fallen sharply in 2018 due to escalating trade tensions between the world’s two largest economies. According to the latest market intelligence data from January to October 2018, the total US soybean exports to China fell sharply to US$3.093 billion.

Tradedigits’s Business Intelligence Data contains detailed customs B/L or declaration records on global 20 countries’ import and export, with detailed trade analysis reports. To look for real global buyers and suppliers of your product(s), to monitor the trade activity of your competitors, to master the market prices in one country…, come to Tradedigits, to make your international trade more relaxing.

US challenges in Pakistan market

In Pakistan, the main competitors of US companies are suppliers from China, Europe, Japan and South Korea, which sometimes provide credit terms for major projects and government tenders on which they are difficult to compete with US suppliers. State-owned Chinese companies are increasingly expanding into markets traditionally dominated by Western companies. To promote economic development, Pakistan and China are implementing the China-Pakistan Economic Corridor (CPEC). In 2015, Islamabad and Beijing formally agreed to provide China with a financing value of more than US$62 billion through CPEC, targeting at energy sector and other infrastructure projects.

Although they are considered of high quality and high demand, US goods are often more expensive than other imported products, and Pakistani companies have found that US companies are slow to respond to their business consultations. Some US companies even choose to ship goods from the regional offices to Pakistan.

Potential investors in Pakistan are confronting many of the challenges facing by other developing economies, such as regulatory risks and lack of decision-making transparency in public sector. Pakistan is a diversified and challenging market that requires adaptability and sustainability. Without reliable local partners, it is often difficult to sell in this market, so choosing the right local partner and careful planning are critical to success. US companies willing to invest time to develop market influence may be rewarded in the long run.