Key stat: Close to a third of US digital buyers will purchase from a company located outside the country in 2024, for a total of 71.8 million cross-border ecommerce buyers, per our forecast.
Beyond the chart:
- A rise in ecommerce marketplaces accelerated cross-border buying prior to the pandemic. Now growth is slowing.
- But inflation will influence more shoppers to look overseas as brand loyalty wavers.
- China is the No. 1 beneficiary, with 41% of US cross-border buyers making a digital purchase from the country in 2022, per the International Post Corporation.
Use this chart:
- Assess retail competition on an international scale.
- Reframe marketing messaging to compete with cross-border retailers.
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Methodology: Estimates are based on the analysis of survey traffic data from other research firms, historical consumer adoption trends, company releases, and demographic adoption trends.