Uncertainty tied to the prospect of the UK’s exit from the European Union doesn’t seem to have affected cross-border ecommerce sales in the UK.
In a survey of UK retailers, nearly half said that last year’s Brexit vote hasn’t had much of an impact on cross-border sales yet. In fact, about a third said international sales were actually higher since the vote.
The survey, part of a February 2017 report from Global-e conducted by Censuswide, found that only 20% of respondents said that international ecommerce sales were off at least a bit since Brexit.
The data is a relatively small sample, but the results are somewhat counterintuitive, given that an exit from the European Union would presumably create some level of complication for cross-border commerce. That said, data released earlier this year indicated healthy cross-border sales. Those gains were driven in part by the declining value of the pound—ironically, an effect of the Brexit vote.