International Trade News for November 2024
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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.
- Simplify customs declarations
- Offer transparent duty and tax calculations at checkout
- 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.
