Top reasons for shopping online from overseas merchants are: buying online to save money (80) and more variety that cannot be found locally (79).
The research report and video testimonials are available for download at m/spiceroutes.
The report reveals amazing insights about cross-border shoppers, and their payments preferences, to enable businesses and exporters to take advantage of this multi-billion dollar opportunity: - In the six markets analyzed, cross-border online shopping will be worth 105 billion this year, with 94 million consumers.
Cross-border shoppers are not just looking for an online discount, but also searching overseas for high-quality, authentic items.Top purchase categories for cross-border shoppers across these 6 markets are: clothes, shoes and accessories (12.5 billion health and beauty products (7.6 billion personal electronics (6.0 billion computer hardware (6.0 billion jewelry, gems and watches (5.8 billion and home electronics (5.4 billion).Cross border trade is nothing new.Source: Business Wire.Mike Walsh, an independent futurist, has analyzed the research findings.
What is new is how easy it has now become for consumers to shop online directly from merchants around the world and the massive opportunity that represents, said David Marcus, President, PayPal.
It maps for the first time the new spice routes those corridors of online trade between consumers buying directly from merchants in different parts of the world.
Cross border trade today is about a quarter of PayPals total payment volume with new online export corridors fast emerging.The research shows that cross-border shopping demand for American rabatt på intersport products from the other five surveyed markets is worth.2 billion in 2013 and expected to grow.4 billion by 2018.The research was conducted online and surveyed more than 6,000 cross-border online shoppers across these six markets, aged 18 and above, from May 27 to June 12, 2013.Safety and trust are key drivers with 9 out of 10 claiming buyer protection is critical.PayPals own data, released for the first time, shows that online exports on its global payment platform continue to grow strongly as traditional export sectors for many economies slow down.The emergence of these modern spice routes is great news for businesses the world over.For consumers, paying for items in a different currency or country has never been easier and we help make it safer with our buyer protection policy* available in 193 markets worldwide.The research also highlighted the top concerns for consumers buying from overseas merchants: nearly 7 out of 10 (69) cross-border online shoppers cite fear of identity theft and fraud as the main deterrent against making a cross-border online payment; meanwhile, 9 out of 10 (88).With the global economy still struggling, businesses and exporters can help increase their revenue by waking up to cross-border sales opportunities as revealed by new PayPal and Nielsen data.Israel is one of the fastest growing markets for exporters in the US (34 UK (51 Australia (55 China (73 and Brazil (77).Our local stores are filled with goods from around the world.Commissioned by PayPal, The Nielsen Company conducted a research study to develop a greater understanding of the cross-border online shopping market and habits of consumers in six key markets around the world: the United States, the United Kingdom, Germany, Australia, mainland China and Brazil.48 of German cross-border shoppers buy from US websites and will buy.4 billion of American goods.He says: Throughout history, wherever goods have been traded, their exchange has had a cultural, as well as a commercial impact.
And while in ancient times spices and silks from the East influenced the food and fashions of the West, todays picture is more complex, with micro-cultures springing up side by side as individuals express themselves in different ways by shopping in a virtual, global marketplace.