#tradedata — Public Fediverse posts

🚨 In Global Trade, Data > Goods! 🚨
​Focusing on the product data (not just the product) is crucial for import/export success.
​Why? Data defines cost, speed, and risk:

- ​HS Code selection determines duties & taxes.
- ​Classification impacts logistics costs & customs clearance.

​A small data error can cause expensive delays/penalties.

​Correct, structured info ensures smooth cross-border flow. Don't underestimate it!
​#TradeData #importexport #HsCode #GlobalTrade #procurement #supplychain

China's July exports grew 7.0% YoY (Cons: 9.7%, Prev: 8.6%). Imports surged 7.2% YoY (Cons: 3.5%, Prev: -2.3%). Trade balance hit $84.65B (Cons: $97.50B, Prev: $99.05B). #China #Economy #TradeData #CNY #Exports #Imports

China's June trade data: #Imports fell by 2.3% YoY (consensus 2.8%, prev. 1.8%), #exports rose by 8.6% YoY (consensus 8.0%, prev. 7.6%), and #tradebalance hit $99.05B (consensus $85.00B, prev. $82.62B). #China #TradeData #CNY

In April, #US #exports rose to $263.70B, surpassing the previous figure of $257.60B. #Imports also increased to $338.20B, exceeding the previous $327B. Consequently, the #tradedeficit widened to -$74.60B, contrasting with the previous -$68.60B and the expected -$76.20B.#TradeData

US exports reached $257.20B, down from the previous figure of $258.20B, while imports rose to $324.60B from $320.40B previously. #US #TradeData

Conversely, Canada's trade balance for the same period indicated a deficit of -$0.31 billion, which contrasted with the forecasted surplus of $1.10 billion and the previous month's surplus of $1.06 billion. These figures provide insights into the trade dynamics of both nations and their impact on respective currencies and economies. #USTradeBalance #CADTradeBalance #TradeData #EconomicIndicators #USCanadaTrade #ForexTrading

The trade balance data from both the US and Canada were closely monitored. In December, the US trade balance stood at -$62.20 billion, slightly higher than the forecasted -$62.00 billion and the previous month's -$61.90 billion. #USTradeBalance #CADTradeBalance #TradeData #EconomicIndicators #USCanadaTrade #ForexTrading