Cross-border e-commerce growth set to surpass domestic online retail

Cross-border e-commerce is hotting up, according to a new report by DHL, which predicts the sector will be worth $900 billion by the end of the decade.

The study, entitled The 21st Century Spice Trade: A Guide to the Cross-Border E-Commerce Opportunity, found that cross-border retail volumes are set to grow at an annual average rate of 25%, up from $300 billion in 2015 to $900 billion by 2020 – twice as fast as domestic e-commerce growth.

Online retailers are also increasing sales by an average rate of 10-15% by spreading their offerings to international customers.

E-commerce is increasingly leading manufacturers to cut out the retailer “middle man” and offer products direct to consumers, with growth in this manufacturer sales sector expected to grow around 30% faster than other retailer sectors.