what is cross border e-commerce?

Cross border e-commerce is defined as the process of online transactions between a business and an overseas customer. The premise of cross border selling rooted from different variables that make cross border e-commerce a realistic avenue for many consumers.

The general idea of cross border e-commerce comes from attaining goods that aren’t available in their own country.

This is why cross border e-commerce creates a strong stance in the market, because of the economic need. Tangible goods such as apparel & accessories, electronics, cosmetics etc. are the top key categories within the cross border market.

For businesses looking to expand internationally, cross border selling opens doors that offer adaptability in the evolving retail space.

TOP 3 REASONS THIS MARKET IS THRIVING

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DID YOU KNOW?

According to Statista, by 2022, the cross border e-commerce market is projected to account for 22 percent of the purchase of physical goods, equating that amount to 3.53 trillion USD.

RISKS & CHALLENGES OF CROSS BORDER E-COMMERCE

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There are a few risks that comes with every opportunity. Partnering with the right company can help alleviate the stress that may come with cross border selling.

Despite the known risks and challenges, it is crucial to partner with a trusted company that offers the resources to help mitigate them as well as offer knowledge and expertise.