Any company that has expanded its product lines knows that there is a great amount of research to be done before any decisions are made. It is critical to understand where a potential new product is coming from and who competitors in the market are, as well as how the product has fared over time. Collecting this information can take a significant amount of time, but Zepol’s tools, TradeIQ™ and TradeView™, can help companies find this vital data in a matter of minutes.
With a simple product search in TradeIQ™, users are able to determine a vast amount of information. Not only can you view who else is importing the product you are interested in, but you can find the shippers overseas and which countries the product is imported from. You are able to know the weight and quantity of the imported product in total, or by importer or even for a single shipment. Lastly, you can discover through which U.S. ports the product is entering the country and which shipping line brought the product to the U.S.
Most TradeIQ™ users also have access to TradeView™, and although it houses a different data set, it complements TradeIQ™’s data well. There are many options for searching for a product in TradeView™, including HTS, NAICS, SITC, End Use, and HITECH codes. For each product code or group of codes, you are able to view the total values, weights, duties, and other charges for imports to the U.S. or exports from the U.S. You can even view values broken down by country or U.S. port and for ocean, air, and land shipments. Having access to export data allows you to discover which markets are currently buying the product you are interested in from the U.S. and where there may be opportunities to sell the product in new countries.
In both tools, users are able to view trends of a product over time, from over the last year to over the last eight years. It is also easy to create graphs to visualize the data for presentations or reports.
If you have any questions regarding TradeIQ™ or TradeView™, please don’t hesitate to contact Zepol at 612-435-2191.