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PIERS Trade Data Value-Added
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PIERS trade data is unique: This is the most timely, accurate, comprehensive information available on
waterborne trade through U.S. ports and key points of entry in Latin America and Asia.
PIERS begins with data gathered directly from the manifests and bills of lading filed with
U.S. Customs & Border Protection. PIERS collects data from over 90,000 bills of lading every day.
Similarly, PIERS collects data on cross-border commerce in key trading-partner countries under
arrangements with those nations’ Customs authorities and other agents.
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PIERS adds value:
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- PIERS reporters on-site in 48 ports (security-cleared, co-located in U.S. Customs
& Border Protection offices) check the raw numbers against their practiced observation,
verifying the records for accuracy and investigating anomalies.
- PIERS information specialists translate the gathered code files into informative shipping records
laid out in a format that was developed by PIERS and has become the industry standard.
- Before it is published, the trade data is subjected to a series of audits,
developed by PIERS to identify, investigate and fix incorrect data elements that stray beyond standard metrics.
[Also see PIERS Trade Data Quality Control.]
- PIERS assigns harmonized tariff codes and PIERS commodity codes to all manifest commodity descriptions.
- PIERS estimates the value of cargoes – using reference tables based on the origin and destination,
cargo values and weights of the U.S. Department of Commerce and U.S. Census Waterborne Databanks.
- Transaction detail is enhanced with background information on the trading parties
from leading business data sources, including D&B.
- PIERS analytic tools and proprietary models yield commercial flows, trade imbalances,
tradelane/market shares, and short-/long-term projections.
- The PIERS IT group puts this unique resource at your disposal whenever and
wherever you need it – with Web-based access and electronic delivery options,
with customized datasets, flexible report generation, and powerful search capabilities.
- PIERS adds over 300,000 professional staff hours per year of value to raw data.
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PIERS import-export trade databases are unique:
This is global commercial intelligence you’ll find nowhere else in the world.
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