Mexico: The Growth Rate Of Cross-Border Online Shopping Ranks The Highest In The World

According to the PayPal survey, in the next year, Mexico The growth rate of cross-border online shopping will rank the highest in the world. Among many cross-border online shopping products, Mexicans are most likely to buy clothes, followed by electronic products.

According to the November 25th report, according to the PayPal survey, the growth rate of cross-border online shopping in Mexico is 59%, ranking first in the world, followed by 54% in Russia, and third in China, 52%. In Brazil, Latin America's largest economy, about 50% of consumers said they would only buy things on their own websites, while 46% claimed they would buy things on local websites or overseas websites.

Cross border shopping, clothes And shoes are the most searched products, 39%. Cross border online shopping Consumers will buy clothes and shoes. In Latin America, the ratio is 47%, just like that in the Middle East, just behind the central and Eastern Europe, while the ratio in central and Eastern Europe is 50%.

The second highest search volume is electronic products, 39% Mexico consumers will cross border online shopping electronic products, in Brazil, the ratio is 36%. However, for Brazilians, clothes and shoes are the most popular cross-border online shopping products. 50% Brazil consumers will cross the line shopping for clothing and shoes, followed by electronic products, and third of them are cosmetic products.

The United States and China are the most popular cross-border online shopping destinations. The United States accounts for 26% of the global cross-border online shopping market, and China occupies the second place, accounting for 18%.

Transport costs are a major obstacle to the development of cross-border online shopping market. 51% of respondents said they would spend more if cross border online shopping charges were not so high; if they could avoid shipping costs, they would go crazy spending.

PayPal said that in Latin America, e-commerce began to start, and Latin American payment business is a key development project of PayPal.