India’s leading eCommerce Marketplace, unveiled the key findings on eBay’s Asian export business at an event today here in Delhi. This is the first finding report based on Global Trade or Retail Exports at eBay India provides Indian entrepreneurs an online platform to sell hand crafted products to buyers across the globe. Kashyap Vadapalli, Director – Categories, eBay India and Ajay Sahai, Director – General & CEO, Federation Of Indian Export Organizations (FIEO) jointly presented the first eBay Asian Exporters Index report.
Given the fact that the Indian export market presents a story of exuberant growth, driven mainly by artisans and small-scale manufacturers. India has a potential strength in hand-crafted value oriented product lines such as diamonds, jewellery, ethnic Indian clothing and handicrafts and its eBay exporters are capitalizing on global demand for centuries-old, India-inspired designs across these categories. eBay helps Indian exporters create a global market for categories where the country has developed particular manufacturing expertise – scientific instruments, optics, leather products, sporting goods & Bollywood inspired fashions (silk sarees, salwar kameez & kurtis).
The information in this Index is based on internal eBay data as well as on data compiled from an online survey conducted in China. The internal data citing year over year sales growth looks at large eBay Asian exporters with an annual turnover greater than US$100,000. Other internal data cited, relating to areas such as category, the eBay sites on which Asian exporters sell, and buyer locations is derived by looking at the top 3,000 sellers in each Asian exporter market featured in this Index.
Apart from jewellery, clothing and handicrafts, the other large categories in which India exporters sell are photographic equipments, collectibles such as coins, stamps, Bollywood posters and LP records. The Asian Exporters’ Index also highlights global export trends observed across China, Hongkong, Korea, Japan, Thailand, Singapore, Malaysia, Philippines, Indonesia and Vietnam.
According to the report the top ten buyer for Asian products
- United States
- United Kingdom
- Russian Federation
Top ten categories that ruled the Asian export
- Clothing and Accessories
- Jewellery, Gems, Watches
- Cell phones and Accessories
- Auto parts
- Consumer electronics
- Sporting Goods
- Health and Beauty
Expressing his happiness over the launch of the report, Kashyap Vadapalli, Director – Categories, eBay India, said “eBay India is committed to encouraging more Indian entrepreneurs to benefit from the large export opportunity provided by eBay’s 97 million strong customer base. I am pleased to announce that sales from large Indian exporters on eBay grew 85% YoY, the second fastest across the Asia Pacific region. We hope the Asian Exporter’s Index & our partnerships with leading export promotion bodies like FIEO will inspire more Indian Exporters to participate in this large global opportunity.”