In the fast-paced world of commodity trading, it is essential to have a comprehensive understanding of market demand, pricing, geographical trends, potential buyers, and competitors in order to make intelligent trading decisions. By analyzing bills of lading and customs data, our platform aims to provide traders with the valuable insights they require to remain ahead of the curve and make the most informed decisions.
Cross-Border Commodity Trade Statistics:
Commodity trading is a global industry, with millions of cross-border transactions occurring daily.
In 2019, the total value of global commodity trade was approximately $20.63 trillion.
The demand for commodities continues to rise, as a result of factors such as economic expansion, technological progress, and shifting consumer preferences.
Crucial Insights for Strategic Trading
Understanding market demand is essential for commodity traders to make intelligent trading decisions. Through the analysis of bills of lading and customs data, traders can gain valuable insights into market demand.
Import and export quantities and values
Examining the volumes and values of imports and exports can provide a clear indication of the demand for a particular good.
Import and export volume trends
Monitoring import and export volume fluctuations enables traders to identify emerging markets and shifting demand patterns.