According to eMarketer, global retail sales from the e-commerce market are expected to hit $2.29 trillion in 2017. This equates to approximately 10% of all global retail sales. Over 60% of global internet users (27% of the total world population) will make at least one purchase through a digital channel in 2017.
The majority of this year’s buyers will be from the Asia-Pacific region, approximately 25% will be from the U.S. and Western Europe. eMarketer predicts that Asia-Pacific e-commerce buyers will increase at double-digit rates through 2019.
Remarkety lists the 2016 top 10 markets by global e-commerce sales:
1. China: $1 trillion market, 721 million internet users.
2. United States: $396 billion market, 287 million internet users.
3. United Kingdom: $166 billion market, 60 million internet users.
4. Japan: $124 billion market, 115 million internet users.
5. Germany: $106.9 billion market, 71 million internet users.
6. France: $72 billion market, 55 million internet users.
7. South Korea: $38 billion market, 43 million internet users.
8. Canada: $20 billion market, 28.3 million internet users.
9. Russia: $15.7 billion market, 102 million internet users.
10. Brazil: $14.6 billion market, 139 million internet users.
They also list India (sales grew from $818.33 billion in 2015 to $941.08 billion in 2016), Poland and the Middle East as emerging e-commerce markets expected to see large growth in the coming years.
To read more, please see: Milestone: 10% of Global Retail Sales to Come From E-commerce This Year.
Further Resources from GPI
You may gain further insight into global e-business, global SEO, website translation and country specific cultural facts and related topics by reviewing some previous blogs written by GPI:
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About the Author
Natalie was born and raised in Montana where she graduated from The University of Montana with a degree in Business Administration. Her international experience includes two summer programs, one at The European Business School in Germany and the other at The University of Brescia in Italy. She studied a variety of global business subjects including international business, trade, culture and language. Key projects for her undergrad studies included meeting with executives from large corporations such as Lufthansa, Opel and The European Central Bank as well as working with the design team on the marketing plan for the 2015 World Fair in Milan, Italy. She has a range of global event management experience including organization of the Annual Mansfield Conference on the Middle East and the China Town Hall meeting series. Her hobbies include beading, yoga, cooking, reading, being outdoors and traveling.More Content by Natalie Williams