Leveraging Import and Export Data for Effective Market Entry.

[Siomex]

The third benefit of relying on export import data is about watching ones successful competitors. For example, if one of the competitors in the food industry analyses good results in one area, then their data contain information on how the results were achieved and how they can be improved. Siomex offer this type of competitive information that can be of benefit to firms who are establishing themselves in a new market.

Finding Reliable Partners

Information on import and export can also help in selection of potential partners. A business can determine which of the distributors, suppliers or retailers are players in the target market. Siomex could reveal which local firms already import similar goods if a company intends to venture into the South American market, hence possible partners to work with.