Today, the largest e-commerce market in Latin America is Brazil, but when it comes to long-term investment for cross-border merchants, Mexico is the market to beat. Though cross-border commerce is low compared to Brazil, Mexico's e-commerce market is growing at a rate of over 21%, nearly double the global average.
Despite Brazil's recent economic downturn, the country's e-commerce market continues to grow. Though not immune to the effects of the economy, Brazil's 2016 e-commerce market was still the largest in Latin America and since 2014 has been one of the top-10 e-commerce markets in the world.
Country Spotlight Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in Bangladesh
After the five BRICS countries, economist Jim O'Neill identified a second group of eleven countries with a high potential of becoming among the world's largest economies in the 21st century. One of these "Next Eleven" is Bangladesh, a South Asian country of 161 million people.
Russia, the world’s biggest country and among the 10 most populous, is unique. Though it has always had a relatively mature payments infrastructure compared to other global powers, internet penetration developed much more slowly than in most other developed nations.
Canada is like a blue chip stock. Even though it’s the world’s second largest country, Canada is sparsely populated and its e-commerce market is still relatively small at just over USD 22 billion. Nonetheless, with a stable and affluent population, the Canadian market offers a solid, low-risk, long-term investment.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in China
One day in China’s e-commerce market is bigger than a year in Brazil’s. That’s as of November 11th, also known as Singles’ Day, which this year was the most successful 24-hour online shopping sale of all time, racking up $17.8 billion in total sales.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in Australia
Next Tuesday November 15th is Click Frenzy 2016, Australia’s version of Cyber Monday, described as “the sale that stops a nation”. The event, which began in 2012, last year broke $200 million in sales, with Click Frenzy’s website receiving more than 1 million visitors on the 3rd Tuesday of the month.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in Turkey
Turkey has always been a beacon of commerce. Today, Turkey’s B2C e-commerce market is the second largest in Eastern Europe, the internet penetration rate is the 7th highest in the world and total e-commerce revenues, already over $5 billion USD in 2016, are growing at a rate of 13.7% per year.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in India
Much like Black Friday in the West, the festival of Dussehra celebrated this week in India marks the beginning of India’s holiday shopping season. And, like everywhere else in the world, people are increasingly shunning the frenzy at the market in favor of shopping online. While still representing only a fraction of total retail sales, e-commerce is now an essential part of the foundation of the global digital economy.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in Poland
One of the strongest and fastest-growing e-commerce markets in Europe is Poland. Historically, Poland has been below average due to low internet penetration; however, rapid growth in infrastructure (bringing internet penetration up to 70% and mobile penetration to 150%) has brought over 26 million Polish online shoppers to market and pushed the country up to 4th place in e-commerce turnover.