Commerce

Using Excessive on SEA’s E-Commerce Revolution: 68% of eBay-enabled SMEs Export to 10 or Extra Worldwide Markets – Report

  • eBay’s “Southeast Asia Small On-line Enterprise Commerce Report 2022” confirmed the area’s eBay-enabled small companies made gross sales in 214 worldwide markets in 2020, spurring the expansion of worldwide retailers

SINGAPORE, July 18, 2022 /PRNewswire/ — eBay, a world ecommerce chief that connects tens of millions of consumers and sellers world wide, at present unveiled its research on on-line companies throughout the six Southeast Asian markets of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The “Southeast Asia Small On-line Enterprise Commerce Report 2022” (“Report”) highlights how small and medium-sized enterprises (SMEs) in these international locations are utilizing the eBay e-commerce market to efficiently promote to worldwide markets yearly, including a broad-based and resilient development engine to the area’s quickly increasing economies.

The World Affect of SEA’s SMEs

SMEs represent the spine of Southeast Asia’s financial system, forming a important pillar of the financial system of each nation within the area. Micro, small and medium-sized enterprises account for between 89% and 99% of complete enterprise institutions, and between 52% and 97% of complete employment, within the 10 ASEAN Member States (AMS). Additionally they contribute between 30% and 53% to every AMS’ gross home product (GDP), with export contributions estimated at between 10% and 30%[1].

Throughout the six international locations featured within the Report, an astounding 68% of eBay-enabled small companies exported to 10 or extra worldwide markets. As an entire, the area’s eBay-enabled small enterprise group made gross sales in 214 worldwide markets in 2020.

Given the essential roles that SMEs play in producing broader financial development and prosperity, the Report underscores how eBay has created a vibrant ecosystem – comprising cost options, transport options, advertising and marketing instruments, market intelligence and devoted native groups – to assist SME communities throughout Southeast Asia succeed on the worldwide stage by way of export alternatives. On this method, eBay market strives to advertise the area’s financial growth, range, and resilience.

Enabling SEA SMEs to Promote to the World

eBay’s international market is uniquely positioned to supply Southeast Asian SMEs e-commerce export alternatives – whereas lower than 20% of conventional companies in every of the six markets highlighted on this Report export, all eBay-enabled small companies in Indonesia, Thailand, and Vietnam are exporters, and greater than 95% in Malaysia, the Philippines, and Singapore use eBay to achieve international shoppers. These SMEs exporting on eBay have the attain of huge enterprises, serving clients in a mean of 25 completely different worldwide markets on an annual foundation. Consequently, eBay allows small companies to develop into international retailers from day one, and the eBay market provides them an prolonged development runway that’s each diversified and resilient.

“eBay’s major focus in Southeast Asia is to allow SMEs to promote to the world – its market provides 142 million lively consumers throughout 3,000-plus product classes with market entry to 190 international locations. SMEs within the area have a wealth of stock that international shoppers need, and they should differentiate and drive scale by exploring e-commerce export choices. With this objective in thoughts, eBay is constructing a sturdy ecosystem, with its deep know-how experience and partnerships with key authorities stakeholders in addition to logistics service suppliers, to allow SMEs to do exactly that,” mentioned Vidmay Naini, Nation Supervisor for Southeast Asia and India.

The highest 5 export markets for SMEs in Southeast Asia on eBay are United States, Australia, United Kingdom, Germany, and Canada. The highest 5 regionally sourced classes exported are Jewellery & Watches, Auto Elements, Residence & Backyard, Well being & Magnificence, and Collectibles.

Exporting to worldwide markets and globalizing a enterprise means navigating advanced tax legal guidelines, managing subtle logistics preparations, figuring out custom-made strategies of last-mile supply, and really importantly, producing insights on markets and classes which can be dynamically altering.

“eBay is capitalizing on the mixed depth of our in-market groups and the worldwide scale of eBay’s market to assist SMEs develop their enterprise and meet the more and more advanced calls for of worldwide markets and shoppers. We’re very glad to play an instrumental function in empowering and enabling our Southeast Asian SMEs to broaden their worldwide attain – and assist SEA SMEs convey the area’s various retail providing to the world,” Vidmay added.

“SEA’s potential as an financial powerhouse is well-recognized the world over for its tech improvements and startups from well being to fintech to schooling. Nonetheless, the potential of retail exports has not been tapped into. That is why we organized a joint programme entitled ‘Empowering SMEs: E-commerce Exports in Southeast Asia‘ to assist improve consciousness and convey collectively business consultants and authorities companions. Within the subsequent decade, SEA SMEs will develop into a rising tier of worldwide retailers with broad worldwide market entry due to the large advances in e-commerce and the rising integration of end-to-end options, bringing job and financial alternative to the area.” mentioned Cheryl Chung, Programme Director, Govt Training Singapore Futures, Lee Kuan Yew Faculty of Public Coverage.

eBay and the Lee Kuan Yew Faculty of Public Coverage just lately collaborated on an government schooling program for business consultants and authorities stakeholders throughout SEA about rising e-commerce export traits, leveraging insights from eBay’s “Southeast Asia Small On-line Enterprise Commerce Report 2022”.

The Report will be downloaded right here: https://www.ebaymainstreet.com/southeast-asia-small-online-business-trade-report.

About eBay

eBay Inc. (Nasdaq: EBAY) is a world commerce chief that connects folks and builds communities to create financial alternative for all. Our know-how empowers tens of millions of consumers and sellers in additional than 190 markets world wide, offering everybody the chance to develop and thrive. Based in 1995 in San Jose, California, eBay is without doubt one of the world’s largest and most vibrant marketplaces for locating nice worth and distinctive choice. In 2021, eBay enabled over $87 billion of gross merchandise quantity. For extra details about the corporate and its international portfolio of on-line manufacturers, go to www.ebayinc.com.

[1] https://www.ifac.org/knowledge-gateway/contributing-global-economy/dialogue/smes-backbone-southeast-asia-s-growing-economy

Supply: eBay Inc.

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