Provide Global Trade Data

Business Intelligence (BI) refers to the strategies or solutions used by organizations for data analysis of information, in order to improve decisions and performance. The BI technologies provide historical, current, and predictive views of business operations that help identify and develop new opportunities through various processes and methodologies.

More and more companies today are using business intelligence to do market research, monitor their competitors, gain actionable business or product insights, and finding new prospects, globally. It gives businesses a competitive advantage and a greater potential to grow. They know what product to sell, where to sell, the right time for promotion, etc.

Here’s a list of Top 5 companies that provide global trade data intelligence and help businesses plan for the future. These companies provide SaaS-based solutions that provide intelligence regarding global import and export with an easy-to-use interface. With this information on tips, importers, exporters, logistics companies, consultants, etc. can hone-in on strategic paths for decision making, increase sales, and find reliable future prospects for their business.

Descartes Datamyne – It currently tracks the trade flow of around 55 countries across five continents. It collects and consolidates the cross-border commerce and import/export trade of over 230 markets around the world. Datamyne had acquired zepol - a Minneapolis-based provider of online trade data tools - in 2015. The industries Descartes Datamyne serves are the global transport sector, chemical, energy, food and beverage, law firms, government and public sector, and the banking sector. Like the other four global business intelligence companies in this list, Descartes Datamyne allows you to witness the market shifts and product trends, globally.

Price for Descartes Datamyne is different plans you may require, so make sure you inquire. There is one solution offering data related to US trade only, one for global import and export data and one for marker insights. According to their website, “In addition to these packages, we offer a full range of custom options with specialized data fields on all of the countries we cover.”

ImportGenius - It provides trade data for 18 countries including most of Latin America. It gives access to shipping manifests for all ocean freight entering and exiting the United States. It also offers import and export data for Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, India, Mexico, Panama, Paraguay, Peru, Russia, Sri Lanka, Ukraine, Uruguay, Venezuela, Vietnam.

ImportGenius offers 3 plans for US trade data. They are as follows:
- Limited: $99 per month
- Plus: $199 per month
- Premium: $399 per month
Also, the website says “Get additional non-US country data starting at $99 per month.”

Trademo - This is one of the most robust platforms for trade data intelligence. Trademo provides global data of around 500 Million+ US and other countries' shipments and more than 5 million buyers and suppliers, globally, with 100K new shipments being added every day. It also provides trade data of more than 5 Trillion goods annually and for 5000+ HS codes. Apart from giving valuable information such as the name of the importer/exporter, port of arrival, bill of lading, quantity, country of origin, and more, Trademo gives insights on the industry trends so that businesses are able to make data-driven decisions.

The platform helps businesses to conduct market research, find reliable buyers and suppliers, track competition, and mitigate supply chain risk. You can track the complete trading activities of a particular company or know specific product trends at each HS code level, easily. Trademo offers 4 subscription plans, namely:
  • a. Free - $0
  • b. Plus - $199 per month
  • c. Pro - $299 per month
  • d. Enterprise - Visit the website
Piers - It is yet another company that is worth mentioning here. It has been at the forefront of delivering business intelligence on international trade activity for more than 40 years now. It provides trade data coverage for all US waterborne import and export activities. According to their website, “ Every day, on average, the PIERS team processes close to 60,000 bills of lading that are filed with US Customs. Within hours of receipt, we verify, standardize, enhance and load the data into our products so that you can spend your time on business decisions rather than data collection. You can access and analyze this data in a way that becomes a competitive weapon for your business.”

Apart from the US, Piers provides trade data for 14 countries in Central & South America, India, China, and Vietnam. Piers serves various industries such as Agriculture, Automotive, Construction, Chemical Energy and Natural Resources, and more. Make sure you check the fee for the different levels of subscription plans there on the website.

Panjiva - It is a platform where you can find legitimate businesses quickly and easily. They provide high-quality inputs that help make an informed decision. Businesses can find importers, exporters, and companies that source or manufacture products globally with around 1 billion shipment records and 8 million companies. Businesses can grow their market share, review the latest trends, etc. with Panjiva.

It provides data for the United States, Brazil, Central & South America, India, and Pakistan. In 2018, S&P Global, a leading provider of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide, acquired Panjiva. According to their website, “We provide our clients with macro data covering 95% of global trade flows, as well as transactional data covering 35% of global trade flows. Armed with this data, you can decide where and when to invest.” Make sure you check the website for the most updated pricing.

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The global business intelligence market has been booming over the last decade. The usage of global trade data intelligence is becoming increasingly customized. Businesses - whether big or small- are no longer thinking if they might need access to trade data intelligence analytics but what is the best trade data intelligence solution for their specific business. One thing is certain, these 5 companies will be booming in the times to come.