Non-EU retailers generate 80% of their cross-border sales on marketplaces

No primary category set

Retailers outside of the European Union generate 80% of their cross-border sales on marketplaces, with Amazon leading with £27bn in revenue in 2018, says Top 500 cross-border retail Europe report by cbcommerce.

According to the research countries such as Western Europe and Scandinavia, £30bn were generated by the 500 biggest cross-border retailers that are located in Europe. A quarter of this money comes from online marketplaces, while 40% is generated by pure players.

The report also says that cross-border ecommerce revenue was worth £117bn in 2018. That’s up by 13.2% compared to last year’s growth. This corresponds to a cross-border share of total online sales in Europe of 22.8% in 2018. The study predicts that international online revenue will soar up by 19% to reach £139bn in 2020. In 2022, the research forecasts the cross-border ecommerce to increase 50% to make up £209bn in sales. This report says that the European cross-border ecommerce trade will nearly double over the next three years.

The study concludes that some 23.6% of European consumers appreciate the convenience of cross-border ecommerce and ask the decision-makers in the Commission and the European Parliament to further simplify tax and cross-border rules. Despite Brexit, they strongly believe in a promising future for cross-border ecommerce in Europe.

RELATED POSTS..

Amazon FREE Standard Delivery raised to £35 min order value

Amazon FREE Standard Delivery raised to £35 min order value

Amazon generative AI listing tools expansion

Amazon generative AI listing tools expansion

Amazon find UK workers favour on-the-job training or apprenticeships

Amazon find UK workers favour on-the-job training or apprenticeships

New Amazon Business features announced at ABX

New Amazon Business features announced at ABX

Sara Cox and Vick Hope to judge Amazon Kindle Storyteller Award

Sara Cox and Vick Hope to judge Amazon Kindle Storyteller Award

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars