The average cross-border consumer spends twice as much as domestic consumers

The average cross-border consumer spends twice as much as domestic consumers

Research from PayPal and Ipsos shows that cross-border trade is now a powerful driving force for the global economy. Currently, more than 10% of online shopping is cross-border shopping, and the average expenditure of cross-border shopping consumers is about twice that of domestic shopping consumers.

A recent report by the Multichannel Retailer website said: Cross-border shopping is most popular in Austria, where 83% of online shoppers have shopped cross-border, followed by Israel (82%) and Australia (75%). In contrast, the cross-border purchase rate of Chinese consumers is relatively low, with only 26% of Chinese online shoppers saying they have had cross-border online shopping experience, lower than the United States (30%) and Poland (35%).

However, China may soon become a larger market for international trade. 52% of Chinese online shoppers said they planned to start or increase their cross-border online shopping in the new year, ranking behind Mexico (59%) and Russia (54%).

Cross-border consumers are most concerned about shipping costs. Among consumers who have made cross-border purchases in the past 12 months, 51% said that expensive shipping costs often discourage them from cross-border online shopping. Similarly, among all online shoppers, 47% said that if free shipping is available, they would prefer to buy things from other countries, and 51% of adult online users said that free shipping or free shipping returns are "must".

<<:  Cross-border e-commerce consumer behavior patterns and marketing strategies

>>:  The State Council is promoting the trillion-yuan market pie of consumer finance and cross-border e-commerce to be divided

Recommend

What are the methods for optimizing eBay stores? Sellers must click!

Building an EAby store is a big step towards beco...

Puma factory inspection requirements for apprentices, minors and child labor

In addition to health and safety aspects, the soci...

Introduction to Canada Loblaw factory inspection consultation

Loblaw is the largest retailer in Canada and a co...

What is Adobe Stock Photos? What features does Adobe Stock Photos have?

Adobe Stock Photos is a photo processing software...

Useful Information | What are some good operational ideas for eBay?

For sellers who have just started selling on eBay...

How is Logistics World? What are the functions of Logistics World?

Logistics World National Logistics Information Ne...

GOTS/OE/GRS System Certification Management Manual

The contents of the GOTS/OE/GRS system certificat...

What is Quora?

Quora is an online question-and-answer website th...

Target factory audit assessment three major requirements

1. Metal object management 1-1. Needles and sharp...

Benefits of BRC Global Standards

The unified standards and protocols mean that the...