Commerce is being supercharged with the growth of the Internet around the globe, and one of the most powerful and compelling stories surrounding technology-enabled growth is how it is helping tear down barriers at the borders that inhibit small business trade.
According to eBay’s newly released report Commerce 3.0: Creating more opportunity in Asia Pacific, 82% of Asia Pacific eBay sellers sell to buyers outside of their countries while nearly 60% sell to five or more foreign countries. The Asia Pacific region will surpass North America this year to become the world’s No. 1 market for business to consumer ecommerce sales, according to research firm eMarketer.
For the first time ever, worldwide e-commerce sales exceeded $1 trillion in 2012, a 21 percent over the previous year. It is expected this year that sales will grow another 18 percent to end 2013 at $1.3 trillion in worldwide sales. And there is tremendous potential for more growth to come.
For more, keep reading at the eBay Main Street blog.