China Will Drive 20% Cross-border E-commerce Growth To $627 Billion By 2022: Forrester | Fox Business

Cross-border e-commerce will grow 20% to $627 billion by 2022 with China driving the increase, according to the latest research from Forrester. Over that five year period, cross-border e-commerce growth will outpace domestic growth, the data said. As shoppers become more sophisticated, they are searching for cheaper goods. Increases in cross-border e-commerce are also driving the development of new services, like one from Paypal Holdings Inc. to manage costly returns. Two-thirds of cross-border online shopping is done through marketplaces, with clothes and consumer electronics the most popular purchases. The SPDR S&P Retail ETF is down 8.2% for the year to date while the S&P 500 index is up 8.6% for the period.