Why statistics matter
Trade statistics can help describe market activity and changes over time. Their value depends on the definition, classification, period and source of the data. A number without context can be misleading.
Using data
Compare relevant periods and product categories, keeping units and definitions consistent. Review whether figures concern value, quantity or a different measure before drawing a conclusion.
Practical analysis
Use official sources where available and document assumptions. Distinguish observations from forecasts. Historical patterns do not establish the outcome of a future shipment or business decision.
Combine statistics with operation knowledge
A broad market figure cannot determine product classification, duties or the appropriate procedure. Combine data with product, commercial and operation information and seek current, specific guidance.
