Customs data are information and statistics on the import and export of goods collected and maintained by customs authorities and play an important role in international trade. Knowledge of the role of customs data helps companies, public authorities and research institutions better understand trade flows, market trends, trade policy and other issues.

1. Analysis of trade statistics

Customs data provide statistical information on the volume, value, origin or destination of imported and exported goods. This data can be used to analyze trade flows, trade partnerships, and market shares, providing businesses with a basis for market research and strategic decisions.

2. Trade policy formulation

Customs data is an important basis for evaluating the effectiveness of trade policies. Government agencies can analyze import and export data and monitor trade trends to formulate and optimize trade policies, tariff policies, and export control measures.

3. Market monitoring and early warning

Customs data can be used to monitor market supply and demand conditions, price changes, and market competition. Based on this information, companies can make timely adjustments to their supply chain strategies to capitalize on market opportunities and respond to risks.

4. Anti-fraud and intellectual property protection

Customs data can help identify the flow of counterfeit and infringing goods, and enhance the ability of customs enforcement authorities to protect intellectual property rights and combat counterfeiting.

5. Import and export compliance supervision

Customs data can be used to monitor a company’s import and export compliance to ensure that it is  complying with relevant laws and regulations, declaration requirements and trade contracts.

6. Economic research and academic analysis

Customs data is an important source of data for studying international trade, economic growth, industrial structure and other aspects. Scholars and research institutions can use customs data to conduct economic research, trade modeling and policy evaluation.

In summary, customs data is of great value to businesses, governments and research institutions, providing in-depth insights and analysis of key information on international trade, helping to make decisions, cope with competition and optimize trade operations.