With access to the right data, the system could be designed to streamline the analysis and present insights through an interactive single-screen dashboard with robust filtering capabilities.
System Features and Data Utilization
1. Automated Data Ingestion:
- Source: Bills of lading and customs data which are continuously imported into the system.
- Data Fields Utilized: Date of Transaction, HS Code, Quantity, Weight, Total Value/Unit Value, Consignee/Buyer Name and Address, Seller Company, and Address.
- Redaction of Data: The companies can directly redact their data from the system via a simple web interface.
- By employing the Buyers and Sellers information, nations can assess the possibility of depending heavily on a single importer or exporter (or clusters thereof), thereby mitigating the risks associated with international trade. Moreover, nations can utilize these data to identify any deviation and assist in determining how they can substitute their export for higher added-value products in the global value chains.
2. Dynamic Filtering Options:
- Filters: Date range, HS Code, Product Type (raw materials vs. finished goods), Trade Direction (import vs. export), and Trade Partners (countries).
- Users can adjust filters to focus on specific products, time periods, or trade relationships.
3. Real-Time Analysis and Visualization:
- The system automatically categorizes imports and exports by HS Code, calculating total and unit values, and identifies discrepancies in value addition potential between exported raw materials and imported finished goods.
- Could add on exported raw materials and finished goods re-exported by a raw material recipient.
Key Outputs on the Dashboard
1. Comparative Cost Analysis Widget:
- Display: A table showing side-by-side comparisons of imported goods versus the local potential for producing similar goods.
- Metrics: Imported Quantity, Import Unit Price, Exported Quantity, Export Unit Price, and Potential Local Production Cost.
2. Value Addition Opportunity Flowchart:
- Visualization: An interactive flowchart showing the journey of raw materials from export to re-import as finished products.
- Details: Cost analysis at each stage, highlighting potential profit margins from initiating local production.
3. ROI and Investment Dashboard:
- Components: Interactive charts and graphs detailing Return on Investment for setting up local production, including market size, investment costs, and projected break-even points.
- Functionality: Users can simulate different investment scenarios to see potential outcomes.
4. Local Production vs. Import Price Trends:
- Graphs: Line graphs or bar charts comparing historical prices of imports with simulated prices of locally produced alternatives.
- Utility: Identifies trends over time and potential cost benefits or savings.
5. Raw Material Export vs. Finished Goods Price Trends:
- Graphs: Line graphs or bar charts comparing historical prices of raw materials exports with value added / finished goods produced by goods importers.
- Utility: Identifies areas where local value-add could improve exporters ultimate sell price.
6. Stakeholder Network Visualization:
- Map: An interactive network map of local producers, international buyers, and target customers.
- Features: Clickable nodes to explore detailed information on stakeholders, enhancing strategic partnership planning.