Global EcommerceStatistics You Need to Know in 2019

1. Global EcommerceStatistics You Need to Global EcommerceStatistics You Need to Know in 2019 Know in 2019 With global ecommerce sales estimated to reach $4.5 trillion by 2021, there’s no doubt that selling online is big business. But what does that mean for you, and how can you ensure that your ecommerce business is poised for success? Check out these statistics to get a better understanding of the current state of global ecommerce. When it comes to global ecommerce, the numbers don’t lie—it’s a booming industry. In 2018, retail ecommerce sales worldwide amounted to $2.8 trillion, and they’re expected to reach $4.5 trillion by 2021.1 That means now is the time to get your piece of the pie by selling online. But before you dive in headfirst, it’s important to understand the current state of global ecommerce so you can make informed decisions about your own online business. Here are some key statistics to keep in mind. Mobile commerce is on the rise. In 2018, mobile devices accounted for 54.9% of all ecommerce traffic worldwide.2 That number is only going to continue to grow in the coming years as more and more consumers turn to their smartphones and tablets to do their shopping—including research, price comparisons, and even making purchases. What does that mean for you? Make sure your website is optimized for mobile devices so shoppers can easily navigate your site and make purchases on the go. Cross-border ecommerce is also increasing. In 2017, cross-border B2C ecommerce sales amounted to $604 billion—a number that’s expected to grow to $727 billion by 2022.3 Consequently, more businesses are looking beyond their home countries to sell their products and expand their reach. Thanks to advances in technology, it’s easier than ever before to set up shop in multiple countries and sell internationally—you just need the right tools and partners in place. If you’re interested in expanding your horizons, consider selling internationally and tapping into new markets.

2. The Asia-Pacific region is leading the way in terms of growth. When it comes to global ecommerce sales, Asia-Pacific currently holds the top spot with an estimated $1.3 trillion in 2018—a number that’s expected to grow to $1.7 trillion by 2021.4 Not only that, but China is currently the world’s largest ecommerce market with an estimated $672 billion in sales in 2018—a number that’s expected to increase even further in the coming years as more Chinese consumers come online and begin shopping electronically. If you aren’t already doing so, now is the time to start tapping into this booming market by selling your products or services in China or other Asian countries. Thanks to advances in technology, it’s easier than ever beforeto expand your business globally—you just need a partner who can help you navigate cross-border trade regulations and ship your products overseas efficiently and affordably. Conclusion: Conclusion: As these statistics show, global ecommerce of slowing down anytime soon. If you want a piece of the pie, now is the time to start selling online. With Mobile commerce on the rise as well as cross- border ecommerce , there has never been a better time then now! Thanks for reading! Stay tuned for our next post where we will discuss tips for setting up your very own online store. global ecommerce is booming—and there’s no signs