International Trade News

International Trade News for November 2024

The Holiday Season’s Secret Weapon: Hassle-Free Shipping

Did you know that 70% of international shoppers abandon their carts due to unexpected shipping costs or delivery timelines? Here’s a 1-2-3 checklist to help you streamline international shipping and avoid seasonal pitfalls.

  1. Simplify customs declarations
  2. Offer transparent duty and tax calculations at checkout
  3. Optimise last-mile delivery strategies with dynamic routing

We can help put together an international shipping strategy for you.

Source: Statista

SPOTLIGHT OF THE MONTH: LATIN AMERICA ON THE RISE

Latin America is becoming a hotspot for eCommerce, with Brazil and Mexico leading the charge. With 20% annual growth, the region is projected to surpass $200 billion in online sales by 2026.

What’s driving this boom?

  • A young, tech-savvy population
  • Rapid digital payment adoption
  • Significant investment in logistics infrastructure

Source: emarketer.com

Breaking Records: Global eCommerce’s Hottest Markets

The surge in cross-border shopping shows no signs of slowing. Find out which markets are outpacing the rest and what you can do to ride the wave. Spoiler alert: South Korea and Germany are climbing the ranks in online sales dominance.

Source: sellerscommerce.com

Country Market Value Share of eCommerce in Total Retail Sales
🇨🇳 China $3.19 trillion 47.3%
🇺🇸 USA $1.22 trillion 15.9%
🇬🇧 UK $195.7 trillion 28%
🇯🇵 Japan $169.4 trillion 10%
🇰🇷 South Korea $147 trillion 18%
🇩🇪 Germany $141.2 trillion 11%
🇮🇳 India $166 5%
🇮🇩 Indonesia $62 5.4%
🇫🇷 France $51 10%

CHRISTMAS LAST POSTING DATES 🎅🏻

We want to ensure your deliveries reach customers in time for Christmas Day! Have a look at the Last Posting Dates for international services.

Reach Customers Worldwide with GFS’ Seamless International Shipping Solutions

Our international shipping services are designed to help you expand your market reach and deliver products to customers around the globe with ease. See our complete range of international eCommerce shipping services.

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