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93% of Small Businesses on eBay Expand Beyond Domestic Borders through Exports: eBay Small Online Business Inclusive Global Trade Report | ||
Mumbai, Maharashtra, India eBay, a global commerce leader that connects millions of buyers and sellers around the world, released its ‘Small Online Business Inclusive Global Trade Report'*. The report reveals remarkable export success by small businesses using eBay in 18 international markets. eBay small businesses are making their mark globally, as this report revealed that, across the 18 markets studied, at least 93 percent of the small businesses on eBay in each country exported. In 10 markets, the export rate was fully 100 percent!. Interestingly, this trend is also seen in India, as it boasts a whopping 58% newcomer rate in cross-border trade in these markets.
eBay's report: India among top 5 newcomer markets
Compared to traditional offline businesses, eBay sellers are able to export their products to a higher number of countries. While smaller offline businesses often face challenges in exporting to a limited number of countries. eBay small business exporters have been found to sell their products to an average of 13 to 35 international markets. This represents a three to six times greater performance compared to offline trade.
Some more key insights from eBay’s Trade Report on small businesses worldwide include:
“India is among the leading emerging economies globally, where the digital economy is experiencing exponential growth. Small and medium-sized businesses (SMBs) are the driving force behind this unprecedented growth. At eBay, we are proud to be at the forefront of breaking barriers to trade and empowering small businesses to succeed in the global marketplace. This report reinforces the critical role that ecommerce marketplaces like eBay play in promoting more inclusive and robust economic outcomes. By highlighting the value of trade facilitation and small business empowerment, we can work together with policymakers to create a more level playing field for businesses and drive economic growth worldwide,” said Pavan Ponnappa, Head Categories, Acquisition & Marketing at eBay India Cross Border Trade.
* This report is based on data covering transactions on the eBay marketplace in 2020 unless otherwise indicated
For more information about the company and its global portfolio of online brands, visit www.ebayinc.com. |
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