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.

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.

Use customs import and export data to increase orders

Customs data can help SMEs quickly find target buyers (purchasers), understand their purchase patterns and get orders finally. Using customs import and export data can greatly improve the export efficiency of SMEs.

Do you want to know the prices of your global rivals? Do you want to sell your products at a competitive but more profitable price? Now Tradedigits’s customs data can help you turn this idea into truth. By comparing the different purchase prices of the commodity in each country or region, it is easy to find the price difference between the same category of commodity in each country or region. In this way, you are able to determine your target market and make brilliant price strategies, which would help increase your competitiveness and maximize your profit.

Tradedigits has been committed to business intelligence collection, mining, application and service in the field of international trade for many years. At the same time, it is a comprehensive information service provider that its services involving data collection and processing, trade statistics and analysis, industry consultation, market research, etc, providing information support for foreign trade companies to find solutions for overseas marketing.

Britain’s non-agreement Brexit to lead to a 8% GDP contraction

The Bank of England said that if the UK leaves the EU within four months without an agreement, the UK may have a greater impact on its economy than the global financial crisis 10 years ago.

The worst result of Brexit is, after one year of separation from the EU, the UK’s GDP will fall by 8%. At the same time the price of residential real estate will suffer a drop by 30%- 48%. According to the analysis report of the regulator, the national currency against the US dollar will fall by 25%. The unemployment rate will reach by 7.5% and the inflation rate will rise to 6.5%.

As the Bank of England said, the weak economic growth in the UK is likely to begin a positive shift in 2023.

At the same time, the regulators point out that large UK banks have prepared to deal with the various consequences of Brexit, including the worst. The UK Central Bank mentioned the results of the annual stress test, indicating that financial institutions had sufficient capital and reserves.

SOCIETE GENERALE pays US $1.34 billion as a settlement

According to French media, SOCIETE GENERALE announced on November 19th that it had signed a number of settlement agreements with the US authorities to end a number of investigations into its US dollars businesses. Some of SOCIETE GENERALE’s businesses violated the laws of the State of New York, because these businesses involved some countries, individuals and entities who were the targets of US economic sanctions.

According to a report on the French newspaper Tribune on November 19th, the bank said in an announcement, “SOCIETE GENERALE agreed to pay a fine of approximately $1.3 billion to the US authorities. The fine can be covered by the dispute provisions in the SOCIETE GENERALE account. These agreements will not have an additional impact on the bank’s performance in 2018.”

According to the report, Societe Generale will pay US$53.9 million to the US Treasury’s Office of Foreign Assets Control, which is responsible for overseeing the implementation of the embargo policy. In addition, fines are paid to include the District Attorney’s Office in New York, the Federal Reserve Bank of New York, and the New York State Financial Services Authority.

The US authorities accused Societe Generale of having $5.6 billion in operations involving Iran, Sudan and Cuba, and these countries were the targets of US economic sanctions during the period of operation of these businesses.

Frederick Udaya, CEO of SOCIETE GENERALE, said in the announcement, “We acknowledge the mistakes identified in these investigations and regret it. We have cooperated with the US authorities to settle these cases. These settlements are finally let the bank turn over the page of the most significant legal dispute.”

ExxonMobil gets rid of the trade war and does business with China

Under the Sino-US trade war, most American companies have changed their business strategies to avoid tariff threats, and the world’s largest oil and gas listed company – ExxonMobil has made ways to do business with Beijing without the harm of tariff.

Exxon Mobil bets that there is the surge in demand for LNG in China and wil build the first storage and transportation company based in China.

According to ExxonMobil, its natural gas strategy is a two-pronged approach: on the one hand, it will increase the production of super-cooled natural gas in Papua New Guinea and Mozambique, and on the other hand, it will build the first import and storage center in China to satisfy China’s demand for its LNG.

“China’s natural gas demand is growing rapidly, and the imports are currently growing at a rate of over 10% a year, which is due to China has a governmental gasification projects and the LNG demand grows in industries such as petrochemicals,” the manager said.

This natural gas strategy, which has been taken into consideration for many years, can also bring additional benefits, that is, helping Exxon Mobil avoid global trade wars. ExxonMobil’s large-scale LNG projects in Papua New Guinea and Mozambique do not have to bear China’s 10% tariff on US natural gas imposed in response to the trade war caused by the US.

Global pumpkin exporting countries

In 2017, the total export volume of pumpkins was 1.3 billion U.S. dollars, and the export volume of all pumpkins increased by 12.4% in the five years than that in 2013, while the value of global pumpkins export increased by 9.9% year-on-year.

Among all continents, countries in Europe exported the highest value of pumpkins in 2017, which was 611.6 million US dollars, accounting for 47% of the global total. Exporters from North America took the second place, accounting for 39.5%, while 5% of the world’s pumpkin exports came from Asia. The smaller percentage came from Oceania (3.8%) and Africa (2.4%) and Latin America (2.3%, excluding Mexico).

As the leading global trade data service provider and international trade solution provider, Tradedigits has always focused on the international trade field. It has established a rich product service chain through the import and export  database on five continents. Relying on its strong advantages of reliable and wide data resource and professional technical expertise, Tradedigits has built the world’s largest business information platform and the first trade intelligence application platform in its industry. It is committed to integrating global trade resources, promoting corporate trade development, helping enterprises to actively enter the international market and enhancing the international market competitiveness of foreign trade enterprises.  Apply for a 7 days free trial service of global import and export data on Inforvellor’s platform!

Global Importers Directory

The global importers directory is also known as the global buyers list. The global importers directory includes detailed contact information for global importers, such as emails, addresses, zip codes, contacts, telephones, faxes, etc. The global importers directory is generally searched by the top 6 digits of the HS code of a product, or by the keywords of a product name. Click for a sample of the global importer directory.

The directory can be searched by the six-digit HS codes or by the English name of a product. This list refers to importers who have imported goods with designated HS codes in recent years.

Advantages of global buyers list:

1. A large number of buyers with a wide range of sources: more than 2 million quality buyers from 20 major trading countries around the world;

2. High matching and quick filtering: search by a goods description or HS code, you can get the matched buyers’ names, which does good to avoid useless inquiries, and is easy for enterprises to quickly find suitable buyers, so as to save business development time;

3. Find real quality buyers who do procurement frequently: the buyers in our customs database are real and active quality buyers with purchase records.