International Trade News for October 2024
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The Future of eCommerce? It’s Borderless.
Consumers are breaking down borders with every click. We’ve got the rundown on the most visited eCommerce platforms around the world, and spoiler: Amazon’s still ruling the roost.
Here’s how the heavyweights stack up in the global race:
| 1. Amazon – the undisputed heavyweight champ. | 2.5 billion visits/month |
|---|---|
| 2. Alibaba – China’s finest flexes its global muscle. | 1.1 billion visits/month |
| 3. eBay – the OG of online selling is catching up! | 600 million visits/month |
| 4. Walmart & Shopify: Tied at the fourth position, the retail titan meets the SME-friendly platform. | 400 million visits/month |
| 5. Rakuten & JD.com – strong contenders keeping Asia at the forefront. | 300 million+ visits/month |
Source: internationalsupermarketnews
Mastering the Maze of Global Shipping
Cross-border eCommerce can unlock serious growth, but let’s face it — shipping internationally is like playing 4D chess. From regulations to taxes and duties, we’ve got the cheat sheet to make sense of it all. Want to know how these work for you? Here’s everything you need to know to keep your parcels flying across borders, hassle-free.
BRICS 2024
The 2024 BRICS Summit earlier this month in Kazan, Russia, emphasised the bloc’s growing influence on global politics and the economy. With the inclusion of six new members — Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE — BRICS nations now represent over 42% of the world’s population.
Key Takeaways:
Global Financial Reform: BRICS leaders discussed the use of local currencies in trade, the development of a BRICS-led international payment system, and the potential introduction of a BRICS digital currency.
Geopolitical Tensions: The bloc emphasised peaceful resolutions for global conflicts, particularly in Ukraine and the Middle East.
Trade & Financial Integration: A proposal for a BRICS Grain Exchange and a reinsurance mechanism to strengthen economic ties among member nations.
Source: IncoDocs, Global Trade Newsletter
🇯🇵 Spotlight of the Month: Ecommerce in Japan
Japan’s eCommerce market is a goldmine, and if you’re not paying attention, you’re missing out. This month’s spotlight uncovers what makes Japan tick when it comes to online shopping and how you can tap into this booming market.
Heads Up: Upcoming
Public Holidays
Stay on top of the game with our handy international holiday guide to get your delivery planning sorted.
Avoid delays and keep your shipments flowing smoothly.