Business · Trade · 2 days ago

Sales at Shein, Temu and AliExpress fall 35.5% in Germany

Sales at Shein, Temu and AliExpress fall 35.5% in Germany

Shein, Temu and AliExpress earned 35.5% less in Germany in the third quarter than in the same period a year earlier.

Their share of Germany’s online retail market fell from 5.3% in the second quarter to 3.1%.

The platforms sell many low-priced goods shipped from outside the European Union.

Until July, parcels worth up to €150 were exempt from customs charges.

Since the exemption ended, small parcels face a €3 charge, and a €2 handling fee is due to begin in November.

The EU says the measures are intended to curb large volumes of cheap imports.

Germany’s online retail market also slowed, growing 2.9% year on year in the third quarter, compared with just over 5% in the second quarter.

Sources

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