Technology
Customs Data Analytics
Also known as: Trade data analytics, Customs big data
The use of data analysis and business intelligence tools to process foreign trade information and derive insights on trends, risks, and opportunities.
Also known as: Trade data analytics, Customs big data
The use of data analysis and business intelligence tools to process foreign trade information and derive insights on trends, risks, and opportunities.
Customs data analytics applies data science, statistics, and business intelligence techniques to foreign trade information. It enables identification of import/export patterns, detection of compliance risks, optimization of tariff classification, and improved decision-making.
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Application of artificial intelligence and machine learning to automate customs processes such as tariff classification, data extraction, and risk detection.
TechnologyMachine Learning in Classification
A branch of artificial intelligence that trains statistical models on historical tariff classification data to automatically predict the correct tariff code for goods based on their description, composition, use, and technical characteristics.
TariffsTariff Classification
The process of assigning the correct tariff code to a product within a country's tariff schedule, determining applicable duties and regulations.
ValuationCustoms Valuation
Process of determining the customs value of imported goods using the six methods of the WTO Valuation Agreement, used to calculate duties and taxes.