According to Stripe’s Digital exports and shifting global trade in Asia Pacific report, the United States is the biggest growth opportunity for businesses in Singapore. This was the largest digital export market for Singaporean businesses selling on Stripe in 2021, followed by Australia and the United Kingdom.
With the economic slowdown unfolding at different rates globally, businesses in Singapore are increasingly turning to digital trade to seek out new customers in less impacted regions.
The top five industries that sold internationally online on Stripe in 2021 were merchandise, clothing & accessories, software, business services, and food & beverage.
