Luxembourg ranks as top 1 cross-border country

Luxembourg ranks as top 1 cross-border country

In terms of cross-border market share, compared to the total online market, Luxembourg is the top 1 cross-border country in 2022. Its cross-border market share is 80 percent. The country’s total cross-border turnover was 1.8 billion euros.

The data comes from the latest Top 16 online cross-border EU countries, which is published yearly by Cross-Border Europe. The study compares the turnover of online cross-border sales within Europe. The total online cross-border turnover in Europe was worth 179.4 billion euros in 2022. The study also compares the country’s cross-border market share, cross-border consumer confidence and the percentage of cross-border web visitors.

Top 16 online cross-border EU countries in 2022

The top 16 countries are:

1 Luxembourg
2 Ireland
3 Austria
4 Sweden
5 Norway
6 Switzerland
7 Germany
8 Denmark
9 Portugal
10 Belgium
11 Italy
12 Finland
13 Spain
14 France
15 United Kingdom
16 The Netherlands

Cross-border confidence level 86% in Luxembourg

Luxembourg ranks as the top cross-border country because of its large market share (80 percent). Additionally, the consumer cross-border confidence level is very high (86 percent). It also has a large amount of cross-border web visitors. According to the report, consumers actively engage in cross-border shopping on platforms like Zalando, Asos, Veepee, FNAC and Amazon (.de and .fr).

UK has highest cross-border turnover

While the ranking takes online cross-border turnover into account, the market share weighs heavier. For example, the United Kingdom has the highest cross-border turnover with 28 billion euros. However, the market share is substantially lower than the other countries, with 17 percent.

The United Kingdom generated a cross-border turnover of 28 billion euros.

The Netherlands takes the last position in the ranking. Its cross-border market share is 15.2 percent. This amounts to 5 billion euros. This means that Dutch consumers do not buy goods from cross-border online stores that often. This can be attributed to the presence of strong local stores, like Bol.com, Coolblue, Wehkamp and AH. When Dutch consumers do decide to shop cross-border, they often turn to Zalando.

country report infographic

Share
Pleuni

Pleuni

Pleuni writes all types of news and background articles for Ecommerce News, where she has been working since 2019.

View all posts by Pleuni

Related posts