By consolidating and simplifying access to trade statistics, the updated platform aims to improve data transparency and facilitate decision-making in international trade.
As part of its ongoing efforts to simplify access to trade data, the World Trade Organization (WTO) has launched its Tariff & Trade Data (TTD) platform. This newly updated platform provides official tariff and trade statistics for over 150 economies.
Businesses from across the globe will now be able to use this platform to access crucial information about global tariff structures and trade flows—quickly and efficiently.
Currently in its beta version, the TTD platform builds on the previous Tariff Analysis Online tool but offers a more integrated and extensive approach to trade data. It is also designed to improve accessibility, transparency, and ease of use.
The WTO Tariff & Trade Data (TTD) platform aggregates official tariff and import data reported by WTO members to the Integrated Data Base (IDB), along with bound duties and trade commitments recorded in the Consolidated Tariff Schedules (CTS) database.
To further improve its scope and capabilities, the platform incorporates more data from the WTO Analytical Database (ADB), which integrates WTO sources such as regional trade agreements (RTA) and external partners. This includes the International Trade Centre, UN Comtrade, and Trade Data Monitor.
Moreover, to ensure timely and accurate updates, the platform follows a multi-tiered update schedule, with data refreshes occurring daily, monthly, or at different intervals, depending on the source.
This makes it a reliable tool for businesses interested in analyzing global trade trends.
The TTD platform is designed to improve global trade transparency by providing easy access to reliable and up-to-date trade information. Its key features include:
At Cole International, we provide customs compliance services to help you identify tariff classifications for your goods. This ensures compliance and helps avoid potential delays or penalties from misclassified goods.
For guidance on using the TTD platform to identify tariff rates, please reach out to one of our trade professionals.