Cross-Border Shopping
Cross-border shopping refers to the practice of consumers traveling to another country to purchase goods and services. This often occurs when products are cheaper or more readily available in a neighboring country. Shoppers may seek out specific items, such as electronics, clothing, or luxury goods, that are either less expensive or not available in their home country.
This trend is influenced by factors like currency exchange rates, local taxes, and import duties. Many people engage in cross-border shopping to take advantage of sales, promotions, or unique products. It can also foster economic ties between countries, benefiting local businesses and tourism.