Around 9 in 10 SG SMEs export to over 10 int’l markets

The average number of international destination markets in Singapore is 35.

About nine in 10 or 86% of eBay-enabled small- and medium-sized enterprises (SMEs) in Singapore exported to 10 or more international markets in 2020, a report by eBay showed.

According to the Southeast Asia Small Online Business Trade Report 2022, the average number of international destination markets in Singapore is 35, the highest among six Southeast Asian markets in the study.

The top 10 destinations for exports of small businesses via eBay were the United States, Australia, the United Kingdom, Italy, Canada, Germany, Taiwan, South Korea, Japan and China.

Meanwhile, the top 10 export growth markets for eBay-enabled small businesses from 2018 to 2020 were Italy, the United States, Australia, Taiwan, Japan, China, Netherlands, Switzerland, Denmark, and Kuwait.

The top five product categories exported by the small businesses in the Lion City via eBay were business, office and industrial, jewellery and watches, toys and games, sporting goods, and collectables.

eBay said that SMEs accounted for over 90% of all enterprises in Singapore in 2020, over 40% of the nominal value-add to the gross domestic product, and more than 70% of total employment levels, citing data from the OCBC Bank.

Follow the link for more news on

eBay

Singapore e-commerce

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia