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eBay calls for UK SME exporters' voice in trade deals

03
Sep '19
Pic: Shutterstock
Pic: Shutterstock
Sixty four per cent of UK-based eBay sellers have exported products internationally in the past 12 months and export sales have grown by more than 25 per cent in the past five years, according to data released by eBay on the contribution of UK small and medium enterprises (SMEs) to exports. The firm called for UK SME exporters to have a voice in trade negotiations.

The statistics, drawn from the 200,000 UK-based SMEs trading on eBay, shows the top three export markets for UK SME sellers on eBay are the United States, Germany and France, while Ireland, Italy and Australia also make it into the top 10 in terms of money spent, according to a press release from the company.

The products generating the highest spend globally are mobile phones, watches and laptops, although the top products differ considerably in the top three markets. Electric hair removal devices take the top spot in British exports to the United States, Dyson cordless vacuum cleaners are the number one item in exports to France, and exports to Germany are dominated by digital cameras.

Some of the more unique popular UK products exported internationally from the UK include weed killer to France, Warhammer games to Australia, and CDs, DVDs and Blu-Rays to the Philippines, which is the country that has seen the biggest growth in export sales from eBay UK in the past 12 months, with exports growing at over 20 per cent year on year.

eBay said it is publishing the data to highlight the contribution Britain’s hundreds of thousands of entrepreneurs make to the UK export market – and to make sure that this emerging story of SME-driven international trade is fully understood by policymakers and trade negotiators. (DS)

Fibre2Fashion News Desk – India


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