Mexico and Brazil: Blue Ocean for Cross-border E-commerceNotifications

According to data from the General Administration of Customs, from January to June in 2020, China's total export value of goods trade was about 7.71 trillion yuan, down 3% year on year, but cross-border e-commerce platform exports achieved a buck-trend growth of 28.7%. In this growth stream, B2C-related cross-border transaction performance is quite eye-catching, especially from the increment in Latin America. Imaginations from "blue ocean" places like Mexico, Chile, and Brazil are expanding on the world's e-commerce landscape


Lindsay Lehr, deputy managing director of the US market intelligence firm, wrote on the Labs website that Latin America's GDP will grow by nearly $500 billion in 2019, or about 2.8%. Over the next 10 to 15 years, annual growth in Latin America is expected to be no less than 2.5 percent, outpacing the United States, Europe and East Asia. The growth rate of cross-border e-commerce (42%) is about twice that of local e-commerce in Latin America (18%).



The potential of Mexico's e-commerce market "on the verge of breakout".


Mexico is the second most populous country in Latin America, but it is the largest e-commerce market in Latin America. Mexico has 88 million active Internet users, accounting for 68% of the total population. Among them, smartphone penetration rate reaches 40.1%, which is the highest in Latin America. Mexico has a huge demand for imported goods. According to Chinese customs data, from January to September 2019, the total value of China's exports to Mexico was US $34493641 million, up 7% year on year.


In 2019, Mexico's e-commerce user penetration rate reached 47.2% and is expected to reach 52.7% by 2023. Cross-border shopping has become an important part of Mexico's e-commerce market, with about 68% of consumers shopping at international sites, accounting for a quarter of total sales in Mexico's e-commerce market.



Brazil's e-commerce market: the "new blue ocean" in cross-border e-commerce.


Brazil is the largest country in Latin America, with the world's fifth largest population of 201 million. Its GDP ranks first in South America, second in the Western Hemisphere and sixth in the world. The latest figures show that China's total exports to Brazil are on a growing trend. As a matter of fact, the Brazilian e-commerce market is still showing encouraging growth momentum even though the Brazilian national economy is slightly unstable. Research shows that Brazil's Internet penetration rate is about 58.3% and is expected to reach 61.3% by 2021, with an additional 28.2 million e-commerce users and about 83% of consumers shopping online. Brazil's share of the cross-border consumer market in Latin America stands at more than 43 percent, making it a leader in the region.



The Brazil and Mexico special lines launched by Parcelfromchina integrate the advantages of resources, through Hong Kong direct air transport + postal customs clearance +DHL\ postal delivery, can provide cross-border e-commerce sellers with fast transport and delivery services for general goods and goods with built-in batteries, and well solve the difficulties in customs clearance and high tariffs.


Parcelfromchina

2021.04.01

2021-04-20 298

Get Instant Quote