UK is leading exporter of goods purchased online
The online ecommerce economy of the United Kingdom is expected to generate the largest trade surplus in the world, surpassing 877 million euro. Online trade for the UK and five other big ecommerce markets is expected to grow fivefold over the next seven years, from 18,4 billion euros in 2013 to 96 billion euros in 2020.
These numbers come from research by OC&C Strategy Consultants in collaboration with Google. The report, called ‘The Global Retail E-mpire‘, estimates the value of ecommerce trade based on Google searches in six of the biggest ecommerce markets: the United Kingdom, the United States, Germany, the Nordics, the Netherlands and France. Together these six markets make up half of global ecommerce volumes.
According to the researchers, trade between countries is growing exponentially. the UK is expected to generate the largest trade surplus, while the US and Germany follow. The Nordics are expected to generate a trade deficit of 37 million euros, while the Netherlands will import goods that are 283,7 million euros worth more than the country exports. France is in last place with a trade deficit of slightly more than 700 million euros.
Check the full infographic on the website of OC&C.