This is an ambiguous question and the truth is – there is no one good source for all data. A Google search for exports and imports data will give you endless list of results. So, which one to choose? Well, it depends on what kind of data you are looking for.
A few good sources for you to choose from
The primary source of export/import data is the customs web portal of the Country you want to know about. For instance if you log onto the official website of Tolls Customs, you will get to know about Norway’s Exim policy. The data available in the customs website is general and it is helpful if you are new to the business. You will find the rules and regulations, duty charges, approved exporters, prohibited goods etc. Your little guide for exports and imports!
If you need real- time statistical data, then do check out the following sources
The World Integrated Trade Solution (WITS)
This is the World Bank’s software solution that gives you world data regarding exports and imports. The best part is that you can choose the country, specific time period, product and any trade/ tariff/ development indicator listed. You also get a summary of the country’s trade history and more. The search results are displayed graphically and can be downloaded.
The International Trade Centre (ITC)
This is a joint agency of the United Nations and World Trade Organization. Their free market analysis tools namely the Trade Map, Export potential Map and Market access Map gives you export / import data related to all countries. They can be used to identify potential markets for your products. For instance the Trade Map provides the Export/ Import information of countries in terms of the trade value. The data of every Nation is classified according to product and service. A simple data source cum analysis tool that is readily accessible!
The Observatory of Economic Complexity (OEC)
If, numbers and stats are not your cup of tea, then log on to OEC- A leading visualization tool that provides information about World trade. The web portal is visually appealing and provides export/ import data country and product wise. A good API, easy download options and information presented in a simple, concise manner. PS: You can access data pertaining to the last 50 years.
The Eximpulse.com
There are lot of web portals that give you export/import data, but here you will find live data i.e. data gets updated in real-time. The web page also gives you comprehensive information that can help you to plan your business operations. You can get data classified according to products, prices etc. The data helps you to identify competitors, product demand and market for a product. Their advanced business intelligence services are paid but a good option if you are trying to gain ground in new markets.
Choose a data source based on what you want to accomplish with the information. Note that, data from various sources especially numbers could differ ever so slightly. The variations emerge due to the difference in the measurement standards adopted by various countries. Despite these discrepancies the data obtained from these sources are quite reliable. They do succeed in giving you a clear picture of the export/import business.
