Global Tariffs and Duties Datafeed with FTA

Why Is it needed?

Global Customs Tariffs Data helps businesses understand the cost associated with importing and exporting goods. This data aids importers, exporters, customs brokers, and more in understanding what taxes are applicable and how much, to make pricing strategies and comply with global trade regulations.

It focuses on the complex network of trade policies, aiding in understanding the economic implications and challenges international businesses face. It is used for compliance with global trade regulations by different governments.

It includes attributes and information such as country ISO code, country name, HS code, description, unit of measurement, default duty, additional duty, excise duty, VAT rates, free trade agreements (FTAs), and more.

The dataset supports in-depth analysis and research on the economic, political, and commercial impacts of tariffs and taxes. It aids in identifying patterns, correlations, and implications for industries and economies.

This data aids importers, exporters, customs brokers, and more in understanding what taxes are applicable and how much, to make pricing strategies and comply with global trade regulations.

Why do Businesses need this?

Pricing Analysis: To determine how import and export tariffs will affect their products, businesses use tariffs and FTA data. Accurate cost projections, pricing strategies, and budgeting for cross-border transactions are all aided by it.

Market Analysis: Businesses can examine markets and determine which areas have favorable or unfavorable trade or tariff arrangements by using tariff data with FTAs. Decisions about market entry, expansion, and diversification tactics are guided by this study.

Risk Analysis: By highlighting possible trade concerns connected to tariffs and free trade, this data helps with risk assessment. Businesses can reduce risk by diversifying their sources or markets.

Supply Chain Optimization: Improving supply chains requires an understanding of tariffs and free trade. Companies can plan their inventory management strategies by taking future tariff and free trade changes into account or strategically sourcing from nations with lower tariffs.

Strategic Decision Making: By using tariff data to inform their decisions, companies can improve their competitiveness in the global market by expanding internationally, changing their product prices, sourcing, and logistics.

ABOUT TRADEMO

Trademo is the only reliable source for global supply chains. In order to get full knowledge about over 50% of world trade by dollar value, it was constructed by merging billions of data points and cleaning, enriching, and analyzing unstructured data using big data, machine learning, NLP, entity resolution, and graph databases.