How To Explore Trading Patterns And Relationships

In this last article, we show you in more detail how to explore and find your own insights using the International Trade Graph Explorer tool.

Complex trade network

Background

All companies in this view have traded at least 3 goods in common, limited at 1000 nodes with Baker Hughes (BH).

You might use this graph for this focus company or others to:

  • Investigate UK Oil & Gas supply and delivery relationships and trading patterns into and out of the UK
  • Assess opportunities for supplying established operators by discovering types of goods imported/exported
  • Discover lesser known suppliers of goods for energy contracts worldwide
Highly competitive oil services businesses trading in similar goods
Recognised majors, obvious competitors 

 

  • Approx 25 major international business who import similar goods as BH which shows consistency in the oil services supply chain
  • Goods could be for assembly, manufacture or supply on major oil construction/maintenance contracts around the world. Businesses are probably in direct competition with BH. Goods could also be supplied by the same foreign suppliers.
Procurement specialists 
  • In this view, only 4 business export similar goods to BH. 3 of them are not direct competitors in the sense of EPC – Engineering, Procurement, Construction – contractors. They share only the Procurement component, probably engaged by other oil services businesses in support of maintenance contracts
  • Beyond the red arc shown, these goods are not exported by BH, although BH is importing these goods.
Clusters of goods show Baker has some unique trading patterns 

1&2  Shows exported (1) and imported (2) goods that are unique to BH in this view. This could be a unique contract or that BH has a niche business that others don’t have

3&4  These goods are also uniquely exported with at least three other businesses as shown by the connections.

To reproduce this view and explore the goods select Baker Hughes from the drop down. Click Align and position company nodes as required. Try drilling down on companies or setting Goods in common to 2.

DISCLAIMER: Whilst we have made every effort to ensure that this data is accurate, this is a free tool in beta and we make no warranties or guarantees on the use of the information. Interpretations are entirely our own based on observed trade movements. Includes data from uktradeinfo.com. For further information about our products and services please contact us.

Supplier Track Record at a Glance

Trade network of Firefly Solar Generators

To explore trade networks for yourself, go to https://www.exabler.com/en/gexplorer and pick this view from the drop down list of examples. Click on goods nodes to see their UK trade statistics.  Try clicking on company nodes to drill down.

Trade finance transaction and counterparty due diligence

It is necessary but not sufficient to perform financial due diligence on the buyer or seller in a typical trade finance transaction. For example if parties in the transaction lack relevant experience, it presents a higher risk profile. Especially in innovative industries like the solar power sector, companies with a strong track record of cross-border sales and dealing with customs clearance are valuable.

Risk metrics from trade patterns

Our new International Trade Graph and the data behind it can be a valuable source of such information. For example, a client of your bank might be looking to buy equipment under product classification CN 850239801 from Firefly Solar. This graph shows that this was the only company in this nexus to file exports of those goods from the UK over the last year or two, suggesting that they don’t have too many competitors in the UK and your client might have good reason to wish to deal with them.

And more

This free graph tool shows just the start of what can be done. We can:

  • Provide you with insights using other details that are not presented in the graph, such as frequency of trades, industry groupings, common routes of shipment and customs values; and
  • Combine with complementary data from third parties – and indeed from your organisation – to develop richer risk metrics customised for your workflows.

Contact us to find out more.

DISCLAIMER: Whilst we have made every effort to ensure that this data is accurate, this is a free tool in beta and we make no warranties or guarantees on the use of the information. Interpretations are entirely our own based on observed trade movements. Includes data from uktradeinfo.com. For further information about our products and services please contact us.
  1.  EU Combined Nomenclature 2017: Generating sets, non-wind-powered and non-powered by spark-ignition internal combustion piston engine (excl. turbogenerators)

Blockchain is not the panacea in business and banking

Trust is hard to develop and can be lost in the blink of an eye. Without it, many business and finance relationships become prohibitively costly. Now blockchain and other new distributed ledger technologies (DLT) are proposing to reduce or even eliminate the need for trust. We argue in this short article series that to be valuable to customers, such projects cannot ignore the tremendous efficiency gained from trust in many situations.

In follow-up articles, we discuss the findings of the Imperial College London MSc consulting team 1. Their study revealed a very much nascent sector with projects of wildly differing levels of maturity. In another article, we look at LakeBanker, a project we are delighted to be advising. Their team is engaged in an ambitious approach to make better use of trust and data in finance with their flavour of Crowd Banking.

Containers Blocks in a Chain

Continue reading “Blockchain is not the panacea in business and banking”

  1. See our blog post from July

Press Release: Blockchain, global trade and supply chain finance – who will own the marketplaces?

Blockchain, global trade and supply chain finance – who will own the marketplaces?  Banks, large multinationals, governments or others?

Network

Parkway Logic is pleased to announce that we are working closely with Imperial College Business School students to analyse what is really happening in this space. Continue reading “Press Release: Blockchain, global trade and supply chain finance – who will own the marketplaces?”

A milestone for smaller businesses at the WTO

Entering into force today, the WTO’s Trade Facilitation Agreement is one to watch.

The ICC says ” – the first multilateral trade agreement to enter into force in over two decades – aims to make trade easier and simpler by cutting red-tape at borders.”

“Governments must work without delay to implement the provisions of the TFA working hand-in-hand with local businesses to identify key bottlenecks to trade across national borders.”, John Danilovich, ICC Secretary General

See the full article here: http://bit.ly/2lv8RKq

 

 

5 tips for first-time success for your international sales deal

Please raise your hand if you’ve ever made a price commitment to a buyer only for someone to point out that that it’s unprofitable or clashes with some internal policy or contract?

Continue reading “5 tips for first-time success for your international sales deal”

Wrexit – which Brexit model?

In our previous blog we supported the Remain argument. Uncertainty of exit will not be clarified for many months if not years. Smaller organisations will be disproportionately affected by uncertainty as effects spread through the economy.

Continue reading “Wrexit – which Brexit model?”