Riding High on SEA’s E-Commerce Revolution: 68% of eBay-enabled SMEs Export to 10 or More International Markets – Report – TechNode Global
Summary
eBay’s “Southeast Asia Small Online Business Trade Report 2022” showed the region’s eBay-enabled small businesses made sales in 214 international markets in 2020, spurring the growth of global retailers
SINGAPORE, July 18, 2022 /PRNewswire/ — eBay, a global ecommerce leader that connects millions of buyers and sellers around the world, today unveiled its study on online businesses across the six Southeast Asian markets of Indonesia, Malaysia, the Philippines…….
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eBay’s “Southeast Asia Small On-line Enterprise Commerce Report 2022” conagencyed the area’s eBay-allowd small companies made gross sales in 214 worldwide markets in 2020, spurring The enlargement Of worldwide retailers
SINGAPORE, July 18, 2022 /PRNewswire/ — eBay, A worldwide ecommerce chief that connects hundreds of hundreds of consumers and promoteers Throughout the globe, right now unveiled its research on online companies across the six Southeast Asian markets of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The “Southeast Asia Small On-line Enterprise Commerce Report 2022” (“Report”) highlights how small and medium-sized enterprises (SMEs) Inside these nations are using the eBay e-commerce market to effectively promote to worldwide markets Yearly, including a broad-based mostly and resilient progress engine to the area’s quickly developing economies.
The worldwide Affect of SEA’s SMEs
SMEs recurrent the backbone of Southeast Asia’s financial system, forming a essential pillar of the Economic system Of every nation Inside the area. Micro, small and medium-sized enterprises account for between 89% and 99% of complete Industry institutions, and between 52% and 97% of complete employment, Inside The ten ASEAN Member States (AMS). Additionally they contribute between 30% and 53% To every AMS’ gross home product (GDP), with export contributions estimated at between 10% and 30%[1].
Throughout the six nations featured Inside the Report, an astounding 68% of eBay-allowd small companies exported to 10 or extra worldwide markets. As A complete, the area’s eBay-allowd small Industry group made gross sales in 214 worldwide markets in 2020.
Given the essential positions that SMEs play in producing broader financial progress and prosperity, the Report underscores how eBay has created a vibrant ecosystem – comprising cost options, delivery options, advertising devices, market intelligence and devoted native teams – To assist SME communities across Southeast Asia succeed on the worldwide stage by way of export alternatives. On This method, eBay market strives To promote the area’s financial enlargement, variety, and resilience.
Enabling SEA SMEs to Sell to the World
eBay’s worldwide market is distinctively positioned To current Southeast Asian SMEs e-commerce export alternatives – wright hereas Decrease than 20% of conventional companies in every of the six markets highlighted in this Report export, all eBay-allowd small companies in Indonesia, Thailand, and Vietnam are exporters, and Greater than 95% in Malaysia, the Philippines, and Singapore use eBay To Obtain worldwide consumers. These SMEs exporting on eBay have the revery Of huge enterprises, serving clients in A imply of 25 completely different worldwide markets on an annual basis. In consequence, eBay permits small companies To Wind up to be worldwide retailers from day one, and the eBay market provides them an …….