Company

MIC - One world, one solution, one mission

MIC is the worldwide leading provider of global customs and trade compliance software solutions. More than 800 customers, in 55+ countries, on six continents, use MIC customs and trade compliance software. We specialize in the integration of global customs and trade compliance systems based on specific corporate structures and consider regional and national legal requirements. We ensure efficient customs operations and compliance within the legal frameworks. 1 GTM Source System with 1 GTM Compliance Database, 1 Graphical User Interface, and 1 consistent Service Organisation – worldwide.

We provide our customers with a high-quality, user-friendly suite of web-based software products which are subject to continuous enhancements and developments. We have established MIC as a global standard for quality in our area of expertise. We continuously invest in technology to sustain our functional and geographic growth. For us, it is fundamental that all our activities are fair, faithful, sustainable and in compliance with all applicable laws and regulations.

MIC is the only privately owned and financially independent global software vendor in the international customs and trade compliance arena with one single IT platform. This allows us to be flexible and quick, powering us to a considerable competitive advantage in these continuously changing, fast-paced and dynamic times.

Benefits

01

Most complete product suite

MIC offers the most complete product suite for customs & trade compliance software solutions globally developed by subject matter experts including standard ERP integration (SAP certified) for process automation.

04

One-stop-shop

One system, one customs & trade compliance database, one user interface, one maintenance, implementation and support service – worldwide.

07

Deployment as

Software as a Service (SaaS) / Cloud Solution.

02

High quality

We provide a high-quality, webbased, user-friendly suite of software products, which undergo continuous enhancements and developments.

05

Extensive network

MIC has the most extensive network of authorities and professional organizations to provide state-of-the-art and compliant solutions.

08

Software maintenance

MIC offers a maintenance contract that guarantees besides updates in accordance with the latest level of technological development also maintenance of legal changes in each of the deployed countries.

03

Long-term experience

Over 34 years of exclusive experience in building GTM solutions and automating customs & trade compliance processes for global players.

06

International standards

MIC applies a set of best practices and industry standards (e.g. PMP, CMMI, ITIL) to deliver expected results.

09

Global Trade Content Service

MIC offers Global Trade Content Services that ensure for 150+ countries automatic regular updates of customs and trade content within the MIC modules.

With MIC, you have a partner that supports in dealing with the challenges of international customs and trade compliance management as well as the related daily operational handling. We provide you with a trendsetting global customs and trade compliance software solution available on 6 continents tailor-made for your needs. For increased legal compliance, time and cost savings due to the standardization and automation of your customs and trade compliance processes.

Resources

China reports big rise in imports and exports as its economy bounces back

Imports and Exports | | MIC Customs Solutions |

China has reported a year-on-year increase in exports of almost ten per cent and a growth in imports of more than 13 per cent for September.

 


China has enjoyed a quick return to growth after the hit to its economy caused by the coronavirus earlier this year, with rises in both imports and exports contributing to its success.

Customs data revealed exports were up by 9.9 per cent year-on-year in September, up from a 9.5 per cent increase the previous month.

Meanwhile, imports for the month of September grew 13.2 per cent year on-year, far exceeding analysts' expectations for a rise of just 0.3 per cent.

China's biggest trading partners for imports included Taiwan and the US, which saw increases of 35.8 per cent and 24.7 per cent respectively. This helped drive the country's trade surplus for September down to $37 billion, compared with $58.93 billion in August and lower than an expected $58 billion. 

Customs data revealed key imports for China in September included soybeans, grains, semiconductors, copper and steel products, with all these categories seeing increases. Analysts expect imports to continue on an upward trend, driven by strengthening domestic demand.

Zhang Jun, chief economist at Morgan Stanley Huaxin Securities, added that China's import strength had been boosted by the phase one implementation of the US-China trade deal, as well as the resumption of logistics services in the United States and Europe.

When it comes to exports, China has been able to benefit from reduced manufacturing capacity in other countries as a result of the pandemic, which has allowed Chinese firms to increase their market share as the global economy reopens.

However, some analysts have suggested exports could be nearing their peak as demand for Chinese-made personal protective equipment wanes.

Senior China economist at Capital Economics Julian Evans-Pritchard commented: "The big picture is that outbound shipments remain strong, with easing demand for Covid-19 related goods such as face masks being mostly offset by a recovery in broader demand for Chinese-made consumer goods."
 


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