eBay's European market growth has doubled as expected, becoming the first choice for Czech cross-border e-commerce exports

Czech Republic is the abbreviation of Czech Republic. It is a landlocked country in Central Europe, bordering Germany, Austria, Poland and Slovakia. It is a developed capitalist country with a very high level of human development index. Czech Republic implements a trade liberalization policy, abolishes the state-owned monopoly of foreign trade, liberalizes the right to operate foreign trade, and cancels restrictions on imports and exports. According to the Czech Trade Code, as long as the company is registered with the court and the Industry and Commerce Bureau, it has the right to operate foreign trade.

Since the beginning of the economic transition, the Czech Republic has gradually shifted from the Eastern market to the Western developed market economies. Trade with Western developed market economies, especially EU countries, has accounted for a large share of the Czech Republic's total foreign trade. In 2003, exports to the EU accounted for 69.8% of the Czech Republic's total exports that year, and imports from EU countries accounted for 59% of the Czech Republic's total imports that year.

In addition, after years of negotiations and efforts, ten countries including the Czech Republic officially joined the EU on May 1, 2004. In terms of foreign economic and trade policies, they will implement the EU's common trade policy and become part of the EU's single market.

Due to the pandemic, Czech merchants who used to do traditional retail have had to turn to online sales. In addition to eBay, other online platforms in the Czech Republic, such as Mall.cz, also added more than 1,500 partners in 2020, with sales increasing by 150% year-on-year. Alza.cz added more than 200 partners, with sales increasing by 220%. Other platforms such as Heureka, Zoot, Footshop or Pilulka have also seen varying degrees of growth.

eBay's global head of emerging markets said that the e-commerce market has made a huge leap in the past 2020, and eBay's European market growth is twice as fast as originally expected.

In addition, eBay is the preferred platform for Czech cross-border e-commerce exports. The products sold by Czech sellers on eBay are mainly garden supplies, fashion, electronic products and collectibles. About 61% of them are sold to Europe and the United Kingdom, and about 40% of the products are sold to the United States and other countries in the world.

In order to support Czech small and medium-sized enterprises, eBay has also set up a special program to provide cooperation and support to sellers and businesses. Through the eBay platform, Czech sellers have the opportunity to enter the e-commerce markets of about 12 countries, and there is a possibility of entering more countries in the future.

E-commerce platform

eBay Platform

Cross-border e-commerce market