The global cross-border e-commerce market is estimated to reach $900 billion in 2020.
The gross merchandise value (GMV) of cross-border ecommerce is expected to continue growing at a healthy 25% per year through 2020, about twice the rate of the domestic market, and hit $300 million in 2015, according to a new report from Deutsche Post unit DHL Express.
The report also found that 20% of cross-border purchases are worth more than $200, again a higher rate than the domestic market, with high-value transactions growing at 2 to 3 times the global average in certain markets in Europe (Italy, Spain, France, Germany) and Asia (Singapore, Hong Kong, India).
DHL found that ecommerce merchants are seeing revenue gains of 10% to 15% by adding cross-border selling. Also, the report found, providing faster shipping options led to online sales that grew 1.6 faster than average.