The world of buying and selling, prices change daily. If you shop around, you will see that the very same product can be a lot cheaper one country and much more expensive in another. A lot of people ponder how that happens and how they can comprehend these market moves without getting lost in extensive reports or obtuse business terminology.The answer is simple. You can use trade data. Comparison of product prices in different countries is one of the simplest ways to do so. It is a reflection of what sellers are asking for and what buyers are willing to pay. Once you start reading trade numbers the right way, patterns emerge. These patterns themselves help you to make better decisions. Whatever your status as trader, growing business owner or interested individual, trade data becomes your guide.In this post, you’ll learn how trade data can power analysis of product prices around the world. You will see how it creates clarity, minimizes guesswork and delivers cost savings. We will also discuss Siomex, a reliable provider of import and export data that makes global markets easy to understand.So let us first understand the importance of price comparison globally.