News

E-commerce

Staff Reporter

, Singapore

Published:

2 years ago

126 views

Around 9 in 10 SG SMEs export to over 10 int’l markets

The average number of international destination markets in Singapore is 35.

About nine in 10 or 86% of eBay-enabled small- and medium-sized enterprises (SMEs) in Singapore exported to 10 or more international markets in 2020, a report by eBay showed.

According to the Southeast Asia Small Online Business Trade Report 2022, the average number of international destination markets in Singapore is 35, the highest among six Southeast Asian markets in the study.

The top 10 destinations for exports of small businesses via eBay were the United States, Australia, the United Kingdom, Italy, Canada, Germany, Taiwan, South Korea, Japan and China.

Meanwhile, the top 10 export growth markets for eBay-enabled small businesses from 2018 to 2020 were Italy, the United States, Australia, Taiwan, Japan, China, Netherlands, Switzerland, Denmark, and Kuwait.

The top five product categories exported by the small businesses in the Lion City via eBay were business, office and industrial, jewellery and watches, toys and games, sporting goods, and collectables.

eBay said that SMEs accounted for over 90% of all enterprises in Singapore in 2020, over 40% of the nominal value-add to the gross domestic product, and more than 70% of total employment levels, citing data from the OCBC Bank.

Follow the link for more news on

eBay

Singapore e-commerce

Also Read

India’s e-commerce market to reach $147.3b in 2024

Deliveroo HK and GO Platform announce exclusive partnership

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Technology offers solution to India’s food waste crisis in restaurants

It can also help improve efficiency and support sustainable practices in the industry.

Technology

21 hours ago

India’s e-commerce market to reach $147.3b in 2024

It will be driven by the expanding internet penetration and better digital payment infrastructure.

E-commerce

21 hours ago

Food colors market to reach $5.42b by 2031

Still, the market growth is constrained by strict regulations.

1 day ago

Thailand foodservice industry moves to cage-free eggs amidst ethical demand

It is driven by consumers’ expectations for humane treatment of animals.

1 day ago

Exclusives

Brands told to come clean about beauty care

Consumers are more discerning and can easily spot fake ingredient claims.

1 day ago

Swarovski cracks TikTok to scale luxury amongst Gen Zs

The Austrian glassmaker is working with influencers to connect with the Singaporean market.

4 days ago

Starbucks Korea opens high-tech store in Seoul

Its first reserve-only branch features AR art installations and a Mixology Bar.

Decathlon gets closer to hybrid Singaporean shoppers through pick-up service

The world’s largest sporting goods retailer lets clients pick up online orders on the go.Decathlon is building on the success of its pick-up service in Singapore as it progresses toward its target of having 37 locations in the city-state in the next two years, its top official said.

Stores