ÌÇÐÄÆƽâ°æ

In the 16 countries that account for the majority of the EU e-commerce market, the value of the B2C cross-border e-commerce market reached ****billion euros, up from the previous year.

Where is cross-border e-commerce growing?

Cross-border e-commerce is where online trade or transaction happens between two countries. In some countries of the European region, online shopping from foreign e-commerce companies is much more established than in others. Indeed, the United Kingdom (UK) reportedly bagged the highest revenue mark in Europe with about ** billion euros, followed by Germany with ** billion euros.

Top three countries for UK cross-border

China came as the first popular and chosen country among UK online consumers, accounting for about ** percent of recent cross-border purchases. The list is followed by the United States with ** percent and Germany with * percent overall. Although cross-border e-commerce is growing at a rapid speed in the UK, many consumers still do not prefer to buy from international sellers for several reasons. Over ** percent of the consumers stated that the delivery costs, timeline, and return policies are the main constraints to buy products internationally.