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Global ecommerce sales are $29 trillion

Date: 2019-04-02
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Original Yien Network 2019-04-01 14:54:17

Global ecommerce sales are $29 trillion

 

Global ecommerce sales grew 13 per cent in 2017 to an estimated $29 trillion, with 1.3 billion people buying goods online, about a quarter of the world's population, up 12 per cent from 2016, according to the latest data.

 

According to the latest data released recently by UNCTAD(United Nations Conference on Trade and Development), global e-commerce sales are expected to reach $29 trillion in 2017, a 13 per cent growth rate. Compared with 2016, online purchases rose 12 % to 1.3 billion, equivalent to one in every four people in the world shopping online.

 

The figure below shows the global and cross-border online purchases and trends from 2015 to 2017.

Global ecommerce sales are $29 trillion


While the majority of online purchases take place in China, the proportion of 'sea Amoy' has risen from 15 per cent in 2015 to 21 per cent in 2017, with the largest increase in cross-border online purchases in the United States. As a result, global cross-border B2C sales reached US$ 4,120, accounting for 11 % of global B2C sales, an increase of 4 % over 2016.


The Secretary-General of UNCTAD, Mukhisa Kituyi, said: 'The latest data suggest that e-commerce is indeed creating opportunities for exports, but from a development perspective, the key question is whether firms in developing countries can seize this opportunity. '

 

Mr Kituyi said the topics would be discussed at an eCommerce Week meeting in Geneva, the United Nations headquarters in Europe, from 1 to 5 April.

 

The United States remains the world's largest ecommerce market

 

The ranking of the world's top ten e-commerce markets has not changed much. The United States still ranks first with sales of nearly US$ 9 trillion, three times more than Gaochu, who ranked second in Japan, and four times more than Gaochu, who ranked third in China. The only adjustment is that South Korea has surpassed Germany to become the world's fourth largest e-commerce market.

 

The figure below shows the total sales volume and proportion of GDP in the top ten e-commerce markets in the world in 2017, as well as the proportion and sales of B2B and B2C markets. It also shows the per capita online purchases of online consumers in various countries, of which the UK's per capita consumption amount is The highest, is $4,658.

Global ecommerce sales are $29 trillion


Strong growth in B2C market

 

Although the B2B market is still the mainstream of the e-commerce industry, accounting for 88 % of total sales, the B2C market development trend is even stronger.

China's strength with the US in this area is also expanding, with growth of 22 per cent to $3.9 trillion in 2017.

 

The figure below shows the estimated cross-border B2C sales of the top 10 commodity exporters by 2017. In terms of total B2C sales, the United States is still the world's number one.

Global ecommerce sales are $29 trillion


British people love online shopping.

 

While China has 440 million online shoppers, the world's largest, the UK has the highest share of UK online shoppers, with 82 % of people over 15 buying online in 2017.

 

The global e-commerce market is booming, and developing countries such as China, India and Indonesia are growing particularly rapidly. Sellers can seize this opportunity and adopt various strategies to promote their own business development.

 

Yiennet's Http://www.ennews.com/article-11104-1. HTML is dedicated to providing cross-border e-commerce news platforms for cross-border e-commerce practitioners to provide import and export policy news, providing new cross-border marketing, import and export products, SEO optimization, cross-border e-commerce operation training and other services.


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