THE BASICS
Q1. What is an HSN Code?
Introduced in the year 1988, Harmonized System of Nomenclature code, also known as HSN code is a small, 6-digit code that is given to each product to give it a unique identity. This code is important for both, B2B and B2C tax invoices for supplies of goods and services. HSN codes make GST filing easier and smooth.
Q2. What is a Bill of Lading and what data does it contain?
B/L Data, also known as Bill of Lading data, provides information about shipping documents and mainly has insights about shipment but pricing details are missing in this report. The main key points mentioned in B/L data include the date, shipper name, shipper address, sea shipments/sea frights, Commodity name, and many more such things.
Q3. What does it mean with statistical Data?
Statistical data helps you to study the market size of any country and then gives you insights into their imports and exports in a specified time. Information covered in statistical data mainly includes the consolidated value of product price in a specified time, quantity of product, name of the country, etc.
Q4. What is Customs Data?
Customs data is the most important report that a company needs to prepare who is into frequent import and export of goods. The most important information provided by custom data is about the buyer and supplier as well as imported and exported goods. Other related information provided in custom data includes import export shipment details, custom duty, tariff plans, HS code, the number of products, etc.
Q5. How do I make difference between Custom Data and Statistical Data?
Custom Data
Custom data covers all the information which is collected directly from the customs ports, local authorities, and government bodies. It includes Importer Names, Exporter Names, Manufacturer Names, Product Details, HS code, Quantity, Value, Origin of port or country, Destination of port or country, Date of shipment etc.
Statistical Data
Statistical data is useful to check the import or export market globally. It contains all the statistics of shipment except the Importer or Exporter Names. It will help you to evaluate the market trends of any product with its export-import value or volume.
Q6. How is Export Import Data helpful for my business?
Import export data is very important for any business that is associated with trading on a regular basis. Import export data can be helpful to a particular business to analyze the current trends in the international market in terms of imports and exports. One can find his potential market through this data and can also estimate the profits and market risk too.
Q7. What is the meaning of FOB?
FOB is referred to as Free on Board. It is shipment terminology that is used to depict if any of the seller or buyer is liable for goods that got destroyed during transit. Most of the time, FOB affects the inventory cost of the buyers which adds liability and hence, increases the cost of inventory and reduces net income.
Q8. What is the meaning of CIF?
CIF refers to, Cost, Insurance, and freight. It is a type of international shipping agreement, which depicts the charges paid by the seller to cover costs, insurance, and freight. This agreement is only applicable to goods transported through waterways.
Q9. What are Incoterms?
Incoterms are also referred to as, international commercial terms. These terms are published by the chamber of commerce (ICC) to make commerce easy to understand by the general public. These terms are used by the parties involved in international trade as shorthand.
TRADEIMEX PLATFORM FAQ
Q1. What is TradeImeX Info Solution Pvt. Ltd.?
TradeImeX Info Solution Pvt. Ltd. is one of the leading companies in India that provide accurate, reliable, and correct import-export data and global trade data to its clients for more than 70 countries across the globe. We help businesses to identify their potential markets as per their products and analyze their competitors and provide insights about what they are trading and to what countries that too at what price.
Q2. What all types of trade data are provided by TradeImeX info solution Pvt. Ltd.?
TradeImeX Info Solution Pvt. Ltd. provides trade-related analytics, reports, and customs data from more than 70 Countries across the globe. Our reports fall into different categories like Custom Data, Statistical Data, and Bill of Lading data.
Q3. How TradeImeX Info. Solution Pvt. Ltd. services will prove to be beneficial for a trading business?
Our reports and database will be helpful to you in the following ways:
• Get import export data for more than 70 countries to help you understand the global market in a very vast sense.
• With the help of our reports, you can easily be able to track your competitors.
• You can rest assured that our database will be 100% accurate and to the point.
• We also help on finding new leads for your business
Q4. How TradeImeX info solution Pvt. Ltd. Collects information about import export trade?
TradeImeX Info Solution Pvt. Ltd. collects information from each country’s customs ports, local authorities, and governments. The data is then consolidated and presented in an easy-to-understand format and style. Hence, the data is 100% accurate, reliable, and correct.
Q5. How many clients TradeImeX info solution Pvt. Ltd. has served so far with import export data and global trade data?
To date, TradeImeX Info Solution Pvt. Ltd. has served and assisted more than 5000 clients belonging to different industries and fields. If we want to mention some of our happy clients, then they would be Nikon, Intex, Realme, LG, Whirlpool, EY, and many more. Be a part of our family and see your business grow in no time.
Q6. How many Countries are listed under Global Trade Data of TradeImeX Info Solution Pvt. Ltd.?
TradeImeX Info. Solution Pvt. Ltd. provides data for more than 70 countries across the globe. Our list of countries is very long, including Vietnam, Turkey, the Philippines, Brazil, Russia, China, The USA, Argentina, and many more.
Q7. How often the import export data is updated by TradeImeX Info Solution Pvt. Ltd.?
We commit to delivering a fresh and updated database to our clients. Our team always keeps a close eye on the database and as and when any change occurs, our statistician’s team updates the same within no time. We promise that our services will never disappoint you in any aspect.
Q8. What kind of trade data should I purchase?
Selection of what reports you need to purchase depends on your requirements:
• If your requirement is only to do research, and you want to collect details like Quantity, size of market, value or price of the product then Statistical data can give you detailed insight it includes the detailed description of the goods being imported or exported, estimation of the quantity of cargo being traded, their CIF value, etc.
Use Generic Description instead of detailed description.
• If your requirement is to know the name of Importer/Exporter, HS Code, Quantity, import country, etc. then you should go for Custom Data. “This will include detailed description with Brands/Grades specification, Shipping dates, Shipping bill numbers, All modes of Transportation etc.”
Q9. What is the pricing of the trade data provided by TradeImeX Info Solution Pvt. Ltd.?
Pricing of the trade data depends on the choice of the country you make. The charges of databases for each country vary. It also depends on that which type of data you choose to purchase- customs data, statistical data, or B/L data.
Q10. What all payment modes are accepted by TradeImeX Info Solution Pvt. Ltd. in exchange for trade data?
You can pay using Cheque, NEFT, IMPS, Credit Card, Wire, or PayPal.
Q11. How soon does the database gets delivered after making the payment?
Within 24 working hours, you will get your selected database delivered. In certain conditions, the database takes time of around 2-3 working days to get delivered.
Q12. What all aspects are covered in the import export data provided by TradeImeX Info Solution Pvt. Ltd.
TradeImeX includes details like Importer, Exporter, Importer, Exporter, HS codes, duties, charges, CIF values, the volume of sales, Shipping Port, Discharge Port, Country of Origin, Country of Departure, and much more stuff.
Q13. What is the process followed by TradeImeX Info Solution Pvt. Ltd. to make and deliver import export data?
We receive authentic & exclusive import export data and global trade data in a raw format and our expert statistician team sorts & compiles it in an accurate format. Global Trade Statistics Database is collected directly from the Customs, Port Authorities, Government bodies, Logistic & shipping companies, and different Trade Associations.