… Please authenticate by going to "My account" → "Administration". In 2019, the top global ecommerce market will be China, with $1.935 trillion in ecommerce sales—more than three times greater than the US at No. Last year, we Australians spent a total of A$28.6 billion (US$20.3 billion) on online shopping. Since then, it has quickly widened the margin. According to 99Firms’ Ecommerce Statistics for 2020, the ecommerce market is not only thriving, but it’s expected that more than 95% of all purchases to be conducted via ecommerce by 2040. Ecommerce will account for an estimated 8.8% of that, or $81.85 billion—but digital sales are rising much faster, at 7.8% this year. Norway 79.25% 5. By the end of 2022, a comprehensive and advanced e-commerce statistics monitoring system will be established, as well as relevant policies, standards and evaluation systems, the MOC said in a guideline. Indonesia 107 million 5. This was announced by the China Internet Network Information Center (CNNIC). Then you can access your favorite statistics via the star in the header. The top platforms are Tmall Global and Netease Kaola. Update, Insights into the world's most important technology markets, Advertising & Media Outlook This year, total retail sales will reach £476.65 billion ($635.46 billion). China has substantially changed certain policies applicable to retail e-commerce imports in a joint circular issued by the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, the General Administration of Customs (“GAC”), the State Administration of Taxation and the State Administration for Market Supervision, with effect from 1 January 2019. The Chinese government is trying to promote CBEC business to stabilize and promote foreign trade. By means of making the world a global village with an ease to do business, e-commerce trading has gained ground. The new law builds upon earlier reforms of China's legal system. China’s retail sales in 2019 will exceed the U.S. total sales by more than $100 billion. Figure 3: China total retail sales growth, 2014–2018. That is plus 27% year over year and a quarter of China’s total retail sales volume. Physical retail is having the toughest time, though, with nonecommerce sales posting growth of just 0.4%. In 2019, the number reached RMB 186.2 billion (US$26.25 billion), five times that of 2015, showing an average annual growth rate of 49.5 percent, according to the official data. Directly accessible data for 170 industries from 50 countries The top age groups of retail e-commerce mini-programs on WeChat are 30-39, 20-29, and 40-49. March 11, 2020. Ecommerce sales will grow 10.9% this year, to reach £106.46 billion ($141.93 billion) and 22.3% of total retail. The new law builds upon earlier reforms of China's legal system. In 2019, the top global ecommerce market will be China, with $1.935 trillion in ecommerce sales—more than three times greater than the US at No. Social media continues to play an important role in China’s e-commerce market in the last three years. The company also forecast Chinese retail e-commerce sales to maintain its strong growth through to the end of its forecast in 2023. Total retail sales in Germany will top $927 billion in 2019. Sales via mobile devices will post the highest annual growth rate, at 20.6%. facts. China’s e-commerce exports have the following features: developed and emerging BRIC economies are major destinations; 3C electronic products and apparel account for over 50% of products; and high brand awareness in emerging markets. This feature is limited to our corporate solutions. This booming eCommerce market is home to some of the savviest shoppers in the world, many of whom are cash-rich millennials that covet luxury high-end goods from foreign brands. GLOBAL ECOMMERCE MARKET RANKING 2019 - 11 Top 5 markets by number of online shoppers (% of population) 1. Source: National Bureau Statistics. In, Ebrun. August 14, 2019 By CIW Team China's cross-border e-commerce market saw 8.8 trillion yuan transactions in 2018, over 20% of which are import e-commerce sales. In 2019, the single transaction limit of cross-border e-commerce retail import goods is RMB 5,000 (compared with 1,000 yuan before 2016), and the annual transaction limit per person is RMB 26,000. The market share of B2C e-commerce dropped to 56.2%, with Tmall and JD.com accounting for over 80% of the total. One important feature of … Who and what are covered? 9.0%. 2018. Surpassing the U.S. which held the record until 2018. Japan 89.9 million Social e-commerce GMV reached 626.85 billion yuan in 2018 with an increase of 255.8%. Ecommerce spending in Germany will reach an estimated €69.37 billion ($81.85 billion) this year, an annual rise of 7.8%. The ideal entry-level account for individual users. Ecommerce is booming worldwide and, in Australia, there’s no exception. As of January 2019, online shopping is responsible for 9% of Australia’s total retail sale.. Statista predicts that by the end of this year Australian online businesses will see a 15.1% growth in revenue. Social e-commerce in China has much higher conversion rates than traditional ones. In our previous e-commerce studies done in Southeast Asia, China consistently appeared in the top 3 countries for international shipments. In 2019, overall e-commerce transactions exceeded 34.8 trillion yuan, increasing from around 31.6 trillion yuan the year before. And in June this year, retail e-commerce spend in China for 2019 was said to increase 27.3% to $1.935 trillion – making up 36.6% of total retail sales, according to digital data and research company eMarkter. 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