(Image Source: Parcel Monitor)
Southeast Asia (SEA)’s golden age in cross-border e-commerce has begun. Home to about 8.58% of the global population, SEA is one of the fastest-growing e-commerce markets in the world. Looking at the pace at which cross-border trade is flourishing in the region, it might even overtake the West’s digital economy in years to come. Owing to the existence of e-commerce-enablers like Shopify and Amazon, SEA merchants have since embarked on the technology-empowered digital trade in the Asia Pacific.
On that account, our media partner Parcel Monitor has taken a closer look with their analysis of how cross-border e-commerce in Southeast Asia has developed over the last year.
- The majority of outbound parcels from SEA are sent to the United States, Australia, and the United Kingdom.
- Most international parcels entering SEA originate from the United States, China, and South Korea.
- Singapore, being a small nation with no natural resources, had the highest number of exported parcels in SEA.
For more insights, check out the full article at Parcel Monitor now!
