International Sales from U.S. Online Retailers are set to jump from $11 Billion in 2014 to almost $50 Billion by 2020. This would make up 16% of the overall U.S. Online Retail Market, according to a report by OC&C Strategy Consultants.
The study estimated the value of the online retail export market by analyzing 2011 to 2013 search volumes from across the world for retailers based in six of the biggest E-Commerce markets. The research determined that the retail sector is becoming increasingly global and interconnected as trade between countries grows exponentially.
The latest research also uncovered that international consumers have a growing appetite for foreign goods and consistently use search tools to learn more about international brands. More specifically, OC&C’s analysis found that international customers are turning to the U.S. for entertainment, electronics, fashion and general merchandise. By the end of the decade, U.S. retailers are expected to see significant volume coming from international sales, and OC&C’s analysis reveals important insights about the growth opportunity for international delivery between countries and the importance of creating a seamless shopping experience.