Global Tariffs and Duties without FTA Datafeed

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, 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.

USERS AND USE CASES

Informed Market Entry: Assists in identifying the most favorable markets for expansion based on trade policies.

Cost Efficiency: Helps in calculating the true cost of trade, ensuring competitive pricing and profitability.

Regulatory Compliance: Ensures adherence to international trade laws, minimizing legal and operational risks.

Optimized Supply Chain: Facilitates efficient logistics and supplier selection, reducing costs and improving delivery times.

Strategic Insights: Provides a foundation for analyzing the broader economic impacts of tariffs and taxes, aiding in strategic decision-making.

Enhanced Negotiations: Equips the company with the data needed for effective policy advocacy and trade negotiations.

Why do Businesses need this?

Pricing Analysis: To determine how import and export tariffs will affect their products, businesses use tariff 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 tariff arrangements by using tariff data. Decisions about market entry, expansion, and diversification tactics are guided by this study.

Risk Analysis: By highlighting possible trade concerns connected to tariffs, tariff 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. Companies can plan their inventory management strategies by taking future tariff 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.

DETAILS ON THE COMPLETE DATA SET

The comprehensive data coverage begins from January 2017, encompassing over 2.5 million compliance entities, more than 370,000 customs rulings, and over 955,000 sanctioned entities.

DETAILS ON THE SAMPLE DATA SET

The sample data provided in the listing covers the period from May 15, 2024, to June 15, 2024. For further information or to request a customized dataset, please contact  dm@trademo.com .

ABOUT TRADEMO

The only trustworthy resource for an international supply chain is Trademo. It was built by combining billions of data points and cleaning, enriching, and analyzing unstructured data utilizing big data, machine learning, NLP, entity resolution, and graph databases in order to obtain comprehensive knowledge about over 50% of world trade by dollar value.