HM Revenue Custom’s (HMRC) Trade Statistics are the most complete, authoritative and up to date information on UK imports and exports available anywhere.
Complete Import and Export Record
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Collected monthly, information is taken directly from returns for every export and import consignment, and is classified under 10,000+ different commodity codes detailing value, quantity, and partner country. One of the main uses of UK Trade Data by UK businesses is as market intelligence. Trading organisations can identify new trade opportunities for products across the world, measure market share, identify growth areas, forecast trends and analyse patterns.
RM Data Solutions Involvement
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RM Data Solutions developed an online solution ( www.uktradeinfo.com ) based on Beyond 20/20 data dissemination software.The website has been continually improved and expanded beyond the original goal of reporting the monthly statistics, and now offers information on all aspects of trade with the rest of the world.
The Benefits
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The benefits of the UKTradeinfo website are:
- online information on trade statistics is now available within days of being released
- Moving to a web-based solution freed up a lot of HMRC’s resources
- Taxpayer savings from reduced costly paper publications
The UKTradeinfo website is now acknowledged as being the most advanced and up to date source of trade information in the UK.
Do you want to make more of your data assets? Please don't hesitate to contact us to find out if we can help you.
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