Cross Border eCommerce sales to China to be worth over €100bn
As China prepares to welcome the Year of the Dog - cross-border e-Commerce sales in 2017 look set to have broken $100bn for the first time, up from $78 bn in 2016. This growth is likely to continue in 2018. These figures are part of a growing trend of importing to China, which could lead to plenty of potential opportunities for Irish and EU based businesses - no matter how big or small. China’s middle class is growing, both in population and in spending power. And that growth is likely to lead to even higher ecommerce sales numbers in the coming years. According to recent reports more than 40 percent of total global ecommerce spending comes from China. And the Chinese e-Commerce market is predicted to be larger than the markets from the U.S., U.K., Japan, Germany and France combined by 2020. So selling to Chinese customers isn’t just something that could give your sales a boost, it could also become downright necessary for businesses to thrive in the coming years. If you are looking to take advantage of this growing trend for your own small business, there are plenty of opportunities to jump into the Chinese market through ecommerce. And platforms like Alibaba’s Tmall Global give you an easy way to reach those customers. While it might take some time to learn about the market, it could be well worth the effort if the Chinese market and sales numbers continue to climb. Contact us at eComHub.ie to learn more about how we can get your products selling on Tmall and other Chinese e-Commerce platforms and marketplaces.