Today, business and trade is totally dependent on data flows – data that has to be moved in order to make trade happen and for efficient running of companies. The world has gone digital. The possibility for companies, organisations, governments and individuals to move and share data is a precondition for this. While creating enormous opportunities, the digital age also raises important concerns, including the protection of personal information. With this report, we hope to improve the understanding of the issue of data transfers, especially how companies use data transfers as part of their everyday trade and thus how data protection and regulations affect their business opportunities.