10 Largest Ecommerce Markets in the World by Country

Introduction

E-commerce is a global phenomenon that is thriving in practically every country. These are the top ten countries for e-commerce success.

The e-commerce industry is continuously growing worldwide. New e-commerce markets arise every day, while established markets reach new heights. Here is a look at the world’s biggest e-commerce markets (in terms of sales) by country, according to e-commerce trends.

The Coronavirus appears to have a long-term and permanent effect on the acceleration of e-commerce. To begin with, consumers experimented with online buying in previously unpopular categories (like grocery, beauty products, etc.). Furthermore, many who were compelled to abandon their conventional shopping habits in favour of the convenience of stay-at-home shopping are enjoying the new experience.

In the United Kingdom, two out of every five buyers said they will make more regular online purchases after the lockout.

Globally, the situation is comparable. According to GlobalWebIndex’s coronavirus research, nearly half of worldwide consumers do not plan to resume shopping in brick-and-mortar stores for ‘some time’ or ‘a long time’ until lockdowns are lifted.

<h2>Global eCommerce Sales Growth</h2>

Global retail sales will continue to rise, capturing a larger share of the retail sector. Online retail sales will reach $6.17 trillion by 2023, according to eMarketer, with eCommerce websites accounting for 22.3% of overall retail sales.

Despite a difficult year in retail in 2020, every national market examined by eMarketer witnessed double-digit eCommerce growth. The trend continues:

• Latin America saw $85 billion in eCommerce sales in 2021, up 25% from $68 billion in 2020.
• The Indian eCommerce market is predicted to expand from $46.2 billion in 2020 to $111.4 billion by 2025.
• Russia, the UK, and the Philippines saw more than 20% eCommerce sales growth in 2021.

Check out the infographic below by 2Flow which takes a further look into the ‘10 Largest Ecommerce Markets in the World by Country’.