Asian Exporters Drive e-Commerce Growth: eBay
We’ve always known anecdotally that Singaporeans spent a lot of time – and money – on e-commerce, buying a whole range of goods from fashion to jewelry. But what most don’t realize is that Singaporeans actually sell plenty of goods online as well. According to the first-ever Asian Exporters’ Index launched by online auction and shopping platform eBay, Singapore-based exporters on the site have the second largest sales in Southeast Asia after Thailand.
The report also highlighted that the product categories that Singaporean exporters supply most are (1) Jewelry, gems and watches, (2) Clothing and accessories, (3) Business items for industrial and office use, (4) Toys, and (5) Computers. Singapore primarily sell on eBay’s US, UK, Australia and Germany websites, with purchases from Brazil among the fastest growing.
eBay says the Asian Exporters’ Index demonstrates the important role the company plays in the development of e-commerce in Singapore and throughout Asia, providing a source of job and wealth creation. “eBay is leveraging its export-trade platform to provide global opportunities for merchants in Singapore and increase selection for consumers worldwide,” says Jason Lee, Head of eBay Southeast Asia and Middle East.
The Asian Exporters’ Index looks at some of the most successful businesses selling on eBay from across Asia. These businesses are exporters from around Asia including China, Hong Kong, Japan, Thailand, South Korea, India, Singapore, Malaysia, Indonesia, Philippines and Vietnam. The information is based on internal eBay data and the results of a Nielsen online survey conducted among eBay sellers with annual sales over US$100,000 based in China and Hong Kong.
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.