In today’s fast-paced global trade environment, accurate data is key to making smart decisions. Businesses rely on clear insights, from customs import data to detailed shipping data to understand market shifts and trends.

Penalties for misclassifying imported goods can reach up to 4 times the duty rate. This fact often surprises many businesses.

In our last blog ”TradeMagellan: Unlock Global Trade Potential with a Flexible Plan”, we shared our launch journey and introduced our product. Today, we’ll explore how companies can utilize TradeMagellan for better decision-making, with real-life examples and case studies to maximize your trade profitability.

Reliable import-export data plays a key role for businesses aiming to grow internationally, study market patterns, and make smart trade choices. While many platforms charge big fees, some provide valuable insights at no cost.

In Q4 2024, global commodity trade appeared stable and is expected to continue growing in the first few months of 2025. The WTO’s Goods Trade Barometer edged up slightly to 102.8, nearly unchanged from December’s 102.7 (a barometer reading above 100 indicates trade volume is above trend, while below 100 suggests trade is falling short of or will soon fall below trend).