New developments in cross-border E-Commerce in the Asia-Pacific

HAMBURG, Germany - Feb. 24, 2017 - PRLog -- As reported by yStats.com, the Asia-Pacific is the biggest region globally in terms of E-Commerce sales and cross-border online shopping is advancing further. This report cites estimations that between 2014 and 2020, Asia-Pacific will have the leading contribution to cross-border B2C E-Commerce sales globally, more than Western Europe or North America.

China has made its way to the top of this trend due to the rapid escalation of cross-border online imports and exports. However, this country is outranked by Australia and Singapore in terms of share of E-Commerce consumers purchasing cross-border. A recent survey cited by yStats.com also places South Korea in the running, with almost half of online shoppers making cross-border purchases. In contrast, Japan ranks as the country with consumers who are least likely to buy cross-border. Japan exports more E-Commerce products to countries such as China and the USA than it imports.

Cross-border online consumers from South Korea and Australia have the highest demand for clothing. In contrast, E-Commerce consumers in China prefer cosmetics and children's products. yStats.com research also shows that almost two-thirds of Chinese cross-border online consumers utilize import channels of major Chinese E-commerce websites such as Alibaba's Tmall Global and JD.com's JD Worldwide.


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