We’ve been rather outspoken at Panjiva that manufacturing is gradually transitioning away from China. In addition to moving to other Asian countries, it will also be moving to Latin America. For North American buyers in particular, Latin America is a viable option: buyers can source closer to home, the logistics are simpler, and much of the infrastructure and expertise is already in place. In fact, according to an HSBC analysis, U.S. imports from Mexico may soon exceed U.S. imports from China.
To support this shift in global trade, we’re proud to announce that we’ve added Latin America to Panjiva’s comprehensive customs data package.
This means access to a wealth of information—more than 60 million records—that will help buyers determine if Latin America may be a good sourcing destination for their business. Through Panjiva’s existing, intuitive search platform, customers can find the names of companies that are importing and exporting, product details, FOB values, and HS codes of products. The records cover ocean freight trade data as well as air and truck shipments dating back to 2007.
We are constantly on the hunt for new data that will help make global trade more efficient and more transparent. Last month, we announced a partnership with ThomasNet that finally put American manufacturers on Panjiva. Today, we add Latin American trade data for Chile, Colombia, Panama, Peru, and Uruguay (with more Latin American countries coming soon). But we’re not stopping there. We’re working on the latest—and arguably greatest—data set now that we’ll be unveiling right here in the weeks ahead. Stay tuned!