China and US to Generate 60% of Global Ecommerce Sales in 2021
The ongoing COVID-19 lockdowns continue fueling the explosive growth of the eCommerce market, as millions of consumers worldwide shifted from brick-and-mortar stores to webshops.
According to data presented by
TradingPlatforms.com, the revenue of the global eCommerce industry is expected to jump by 12% YoY and hit $2.7trn in 2021, a 12% increase year-over-year. China and the United States, as the world`s largest eCommerce markets, will generate 60% of that value.
Chinese Ecommerce Sales Soared by Almost $400B Amid Pandemic, US Revenues up by 30%
The growing number of people shopping online amid lockdowns caused a surge in global eCommerce sales. The Statista survey revealed that in 2020, the entire market generated $2.43trn in revenue, a 25% jump in a year. Many retail platforms witnessed unprecedented traffic increase last year, surpassing even holiday season peaks.