Singaporean retailers thrive on on-line market
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A research by eBay exhibits that Singapore’s tech savvy retail exporters, who use the corporate’s on-line market place, promote to a mean 41 worldwide markets.
eBay defines retail exporters as these sellers on its website who garner US$10,000 in gross sales to international clients (that’s consumers outdoors of Singapore).
In accordance with an eBay spokesman, Singaporean retail exporters have been experiencing strong progress on the again of a revitalised US greenback. In South-east Asia, Singapore is ranked second when it comes to attain behind Thailand. Apparently, Singapore’s rating is 5 locations greater than US retail exporters.
Jason Lee, director, eBay South-east Asia, famous that the US is the highest commerce hall for Singaporean retail exporters.
Questions & Answers
Q.How does eBay define a retail exporter for the purpose of this research?
How does eBay define a retail exporter for the purpose of this research?
eBay defines retail exporters as sellers on its platform who achieve at least US$10,000 in sales to international customers, meaning buyers located outside of Singapore.
Q.Which country is the primary trading partner for Singaporean retail exporters using eBay?
Which country is the primary trading partner for Singaporean retail exporters using eBay?
According to Jason Lee, the director for eBay South-east Asia, the United States is the top trade corridor for Singaporean retail exporters.
Q.How does Singapore compare to other South-east Asian countries in terms of reach for retail exporters?
How does Singapore compare to other South-east Asian countries in terms of reach for retail exporters?
In South-east Asia, Singapore is ranked second for reach among retail exporters, placing it behind Thailand.
Q.What factor has contributed to the growth experienced by Singaporean retail exporters?
What factor has contributed to the growth experienced by Singaporean retail exporters?
A spokesperson for eBay indicated that Singaporean retail exporters have been experiencing strong growth due to a revitalised US dollar.
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