Revenue From Cross-Border E-Commerce to Grow 13% in 2023: Juniper

Cross-border e-commerce will be 38% of all online transactions globally by value in 2023, when it exceeds $2 trillion for the first time, reported Juniper Research Monday. The more than 13% growth in a single year to $2.1 trillion in 2023 reflects the increasing success of marketplaces that offer goods across borders, plus the “rising viability” of cross-border sales as an e-commerce model, said Juniper. Physical goods will generate more than 97% of the cross-border e-commerce spend in 2023, it said.