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February 1, 2014

UK Tops as World's Biggest Online Retail Market

The UK is the world's leading ecommerce exporter with a trade surplus of £720 million in 2013, according to a new study. According to the  report by by OC&C Strategy Consultants in partnership with Google, analyses the estimated value of online retail based on six of the biggest e-commerce markets – the UK, the US, Germany, the Nordics, the Netherlands and France.

Online marketplace Farfetch is a fashion boutique that offers shops from 25 countries and delivers to more than 170. More than 80 per cent of its sales take place across a cross border, facilited by ebay 

 The Reason why UK ranks ahead of US and Germany  in online retail market  is primarily
  1. UK has higher volume of online sales per capita ( which is $ $869 (Norway is no. 1 win $921 per capita).  
  2. As compared with other nations " UK  users penetration  internet, Mobile Broadband and PC is higher , along with " its openess " to  use social media, engage in online shopping via  mobile Smartphone/ tablets