Cross-Border Markets Around the World with Transport Intelligence
Cross-border e-commerce, in the broadest sense, refers to the buying and selling of goods and services via a foreign retailer or an online platform. Given the increased adoption of digital payment tools coupled with greater penetration of internet and mobile phones, cross-border purchases have become an integral component of the global e-commerce market. With this in mind, our media partner Parcel Monitor has recently published an article on cross-border markets around the world. The report contains data insights from Transport Intelligence, as well as some trends and developments that have been observed in recent years.
Key findings of the study include:
● Global cross-border market is estimated to reach USD 1508700 million by 2027.
● The United States accounted for 78% of cross-border revenue in North America.
● Germany contributed to 28.5% of Europe’s cross-border market share.
● China made up 56.4% of APAC’s total cross-border value.