Global retail e-commerce sales 2014-2027 | Statista

Date:


In 2023, global retail e-commerce sales reached an estimated 5.8 trillion U.S. dollars. Projections indicate a 39 percent growth in this figure over the coming years, with expectations to surpass eight trillion dollars by 2027.

World players

Among the key players on the world stage, the Chinese retail giant Alibaba holds the title of the largest e-commerce retailer globally, accounting for a 23 percent market share. Nevertheless, forecasts suggest that by 2027, Seattle-based e-commerce powerhouse Amazon will surpass Alibaba in estimated sales, reaching a staggering 1.2 trillion U.S. dollars in online sales.

Leading e-tailing countries

The Chinese e-commerce market was the biggest worldwide in 2023, as internet sales constituted almost half of the country’s retail transactions. Indonesia ranked second with the highest share of retail sales online (32 percent), closely trailed by the United Kingdom and South Korea, exceeding the 30 percent mark. That year, the up-and-coming e-commerce markets centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing 20 percent.

Share post:

Popular

More like this
Related

Miami Hurricanes vs. North Carolina Tar Heels: Predictions, picks, odds and how to watch

No. 9 North Carolina looks to maintain sole possession...

7 continents in 4 months: Holland America Line reveals 2026 world cruise

If visiting all seven continents is on your travel...

SDC Championship Tips 2024 – Golf Betting System

Course Overview. St Francis Links is a...