There’s an abundant amount of free U.S. trade data available to exporters, however it can sometimes be challenging to ascertain meaningful patterns and trends from it. Fortunately, the International Trade Administration (ITA), an agency of the U.S. Department of Commerce, has launched a new Visual Data Center that now makes it easier for stakeholders to interactively “connect the dots” and visually analyze large trade-specific datasets. This new center complements an extensive lineup of other ITA research offerings, such as the Market Diversification Tool which generates ideas about promising new export markets, the fee-based Initial Market Check which provides qualified exporters with a market potential assessment of their product or service in a specific foreign market, the Consolidated Screening List which shows businesses and individuals impacted by export restrictions, and much more.
The ITA’s Visual Data Center includes downloadable dashboards, infographics, monitors, reports, and/or trackers on these 11 topics:
- Automotive Industry
- Energy Industry
- Foreign Direct Investment
- Manufacturing Industry
- Professional Business Services
- Steel Industry
- Textile and Apparel Industry
- Trade Enforcement
- Travel & Tourism Industry
- U.S. Export Promotion
- U.S. Trade Stats
According to the ITA, the data used in the graphical visualizations for these topics is derived from a variety of sources, including the Bureau of Economic Analysis, U.S. Census Bureau, and other information providers. The specific data source depends upon the Visual Data Center topic and menu item selected.
With so much available market research information to help businesses better understand the global marketplace, experienced U.S. exporters or those who are beginning their export journey can learn how EXIM’s financing support can level the playing field by clicking here to schedule a free consultation with an EXIM trade finance specialist.