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china e commerce statistics 2019

USA 78.9% Top 5 markets by total number of online shoppers 1. E-commerce gross merchandizing volume (GMV) growth % year-on-year E-oee oss ehaniin ole oh % year-on-year SOURCE: McKinsey China Digital Consumer Trends 2019; eMarketer 2014 15 16 17 2018 134% 14% 47% 27% 15% 31% China India US These and other challenges –like the rising sophistication of Chinese consumers–are upping 10.4%. … According to Article 2, e-commerce refers to any operational activities that sell goods or provide services via information networks like the Internet. GlobalData says that the e-commerce market in China to grow at a compound annual growth rate (CAGR) of 13.3% from an estimated $1.5 trillion in 2019 to $2.6 trillion by 2023. How China is revolutionising e-commerce with an injection of entertainment April 2, 2020 12.43pm EDT Jialu Shan , Michael Wade , International Institute for Management Development (IMD) Register in seconds and access exclusive features. 10.7%. Then you will be able to mark statistics as favourites and use personal statistics alerts. Then you can access your favorite statistics via the star in the header. The company also forecast Chinese retail e-commerce sales to maintain its strong growth through to the end of its forecast in 2023. BEIJING, Dec. 11 (Xinhua) -- China will reinforce statistical monitoring of e-commerce to make the data a reliable basis for analysis and policymaking, according to the Ministry of Commerce (MOC). General Ecommerce Statistics. As such, China’s e commerce sector is more than three times the size of the US market, which ranks second. Sales via mobile devices will post the highest annual growth rate, at 20.6%. I was so intrigued with the insight of … Now, according to numerous sources and m commerce statistics, 2019 is the year of mobile commerce, which is why we’ll go through some predictions about the growth of the mobile commerce market. China E-Commerce Trends: What you NEED to know for 2019. Norway 79.25% 5. As a Premium user you get access to background information and details about the release of this statistic. Tweet. Physical retail is having the toughest time, though, with nonecommerce sales posting growth of just 0.4%. Ecommerce sales will grow 10.9% this year, to reach £106.46 billion ($141.93 billion) and 22.3% of total retail. 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. China continues to be the most attractive market for online traders, especially for cross-border E-commerce. Social e-commerce GMV reached 626.85 billion yuan in 2018 with an increase of 255.8%. 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. That is plus 27% year over year and a quarter of China’s total retail sales volume. Having taken effect on 1st January 2019, below are some of the key highlights of the law that are of particular relevance to those with interna­tional operations. Sales via mobile devices will post the highest annual growth rate, at 20.6%. Since then, it has quickly widened the margin. Alibaba is the owner of the biggest online shopping platforms. 2017. China is one of the countries that has embraced e-commerce. 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. Ecommerce sales in France will rise 11.5% in 2019, to €58.84 billion ($69.40 billion), accounting for 9.5% of total retail sales. Social e-commerce in China has much higher conversion rates than traditional ones. 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. Number of e-commerce companies going public in China from 2009 to 2019 [Graph]. In the meantime, WeChat Pay expanded aggressively in China’s campuses in the first half of 2019, reaching over 50,000 K12 institutions, 1,000+ universities, and 100 thousand education and training institutions. Annual Data. 18. China 1 billion 2. Due to the huge potentials provided by cross border e-commerce. In our previous e-commerce studies done in Southeast Asia, China consistently appeared in the top 3 countries for international shipments. Figure 3: China total retail sales growth, 2014–2018. 8. Online sales will increase by 30% in 2019, representing 35.3% of total retail sales. The top platforms are Tmall Global and Netease Kaola. UK 79.8% 4. 2 with $586.92 billion. It’s expected to continue the fast growth and exceed 1.3 trillion yuan in 2019 and 2.86 trillion in 2021. As such, China’s e commerce sector is more than three times the size of the US market, which ranks second. Social e-commerce in China has much higher conversion rates than traditional ones. 25-34 years-old are the largest user segment (48%). China’s online retail sales increased 17.8% year on year in the first four months of 2019, down from a 32.4% jump for the same period last year, according to China’s National Bureau of Statistics. Chinese companies at large, including those in the consumer sector, are experiencing a multitude of threats such as, shifting consumer behaviour, availability of key talents, and increasing speed of technological changes. Total retail sales are expected to be €785.77 billion ($927.19 billion) in 2019. This should come as no surprise as China has been the world’s largest exporter and trading nation since 2014. With over $1.935 trillion in ecommerce sales, China was the biggest ecommerce market in the world in 2019. March 11, 2020. New, Everything you need to know about the industry development, Find studies from all around the internet. China Retail & E-commerce Weekly Updates 10 May 2019 – 16 May 2019 | 2 Retail in general NBS: Total retail sales of consumer goods up by 7.2% yoy in April 2019 According to the National Bureau of Statistics (NBS), total retail sales of consumer goods reached 3,058.6 billion yuan in April 2019, up nominally by 7.2% yoy (5.1% yoy in real terms). 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. 10.7%. Please authenticate by going to "My account" → "Administration". China’s online retail sales increased 17.8% year on year in the first four months of 2019, down from a 32.4% jump for the same period last year, according to China’s National Bureau of Statistics. Year: Retail E-commerce Sales (in Billions) 2016: $18.67: 2017: $23.33: 2018: $28.60: 2019: $34.69: 2020: $41.56: 2021: $49.00 . It’s expected to continue the fast growth and exceed 1.3 trillion yuan in 2019 and 2.86 trillion in 2021. Estimated Retail E-commerce Sales in MENA. Social E-commerce & Mini Programs. The ideal entry-level account for individual users. As soon as this statistic is updated, you will immediately be notified via e-mail. 10.4%. B2B ecommerce sales topped taking a lion-share of 73.24 percent at 4.9 trillion Yuan. Social e-commerce providers recharge their trust through social currency, which means that product … 71% of internet users in the EU shopped online in 2019. China’s $1.94 trillion e-commerce is the largest in the world, and more than three times that of the number two U.S. market, according to a newly released eMarketer report.And the rise of New Retail there, which blends the best of online and offline commerce to drive higher levels of engagement between brands and consumers, is inspiring innovations in retail across the globe, eMarketer noted. Online merchants who let a fear of fraud in foreign markets keep them from selling abroad – or increase their e-Commerce false declines – are leaving a lot of Indonesia 107 million 5. In 2019, retail ecommerce sales will expand 27.3%, reaching $1.935 trillion, or 36.6% of total retail sales.  The China e commerce market is the largest in the world with a volume of 1.94 trillion USD in 2019. This feature is limited to our corporate solutions. It’s hard to fathom, but China only recently surpassed the US in ecommerce sales in 2013 for the first time. The rise of lower-tier cities: New battleground for Ecommerce players . Monthly Data; Quarterly Data; Annual Data; Census Data Sweden 84.65% 2. Total retail sales in Germany will top $927 billion in 2019. How much will consumers in China spend on retail ecommerce in 2019? You only have access to basic statistics. The Chinese government is trying to promote CBEC business to stabilize and promote foreign trade. The value of online shopping transactions in China totaled 8 trillion yuan (US$1.19 trillion) in 2018, an increase of 28.3% year-on-year. One important feature of … E-commerce has become a key driver of China's retail market. The Rising Popularity of Social E-commerce. 10.2%. As far as e-commerce, Amazon is the leading e-retailer in the United States. E-commerce in Middle East – Statistics and Trends [Infographic] December 4, 2019. Directly accessible data for 170 industries from 50 countries GLOBAL ECOMMERCE MARKET RANKING 2019 - 5 SPOTLIGHT ON: CHINA China is second in our ranking, which should come as no surprise to brands who are looking to expand cross-border. You can only download this statistic as a Premium user. This year, total retail sales will reach £476.65 billion ($635.46 billion). This statistic is not included in your account. 2017. 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. Social e-commerce GMV reached 626.85 billion yuan in 2018 with an increase of 255.8%. China: Revenue in the eCommerce market is projected to reach US$1,117,204m in 2020. Chinese consumers buy products or services online expecting bonus gifts, great packaging, and fast delivery. GLOBAL ECOMMERCE MARKET RANKING 2019 - 11 Top 5 markets by number of online shoppers (% of population) 1. From about 12% in 2014, this share had increased to 28.6% in 2018 and is expected to rise further to 33.6% in 2019. Japan 89.9 million 2018. Rising consumer preference of online shopping, proliferation of alternative payment solutions, online shopping events such as Singles Day offering lucrative discounts and improved logistic infrastructure supported … Update, Insights into the world's most important technology markets, Advertising & Media Outlook The Rising Popularity of Social E-commerce. Ecommerce is booming worldwide and, in Australia, there’s no exception. I was speaking on the China e-commerce market and this gave me the chance to sit in on some other sessions. In this article, we will consider six top China e-commerce trends to look-out for. 10.2%. 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. According to the Chinese government, 802 million people are now using the internet, a whopping 57.7 percent of the entire population. Social media continues to play an important role in China’s e-commerce market in the last three years. The Pet Economy: Pets have become the Masters. facts. China also accounts for one of the highest shares of ecommerce retail with respect to total retail sales, with home-grown shopping portals having led the ecommerce boom so far. Omnichannel fulfillment – Seamless online … Please create an employee account to be able to mark statistics as favorites. Mr. Ning Jizhe Meets with the Director of the United Nations Statistics Division On the morning of October 15, Mr. Ning Jizhe, Commissioner of the National Bureau of Statistics of China (NBS), met with Mr. Stefan Schweinfest, Director of the United Nations Statistics Division (...; Mr. Xian Zude Meets with the UN Resident Coordinator a.i. China’s online shopping market expects to see total transactions of US$1.44 trillion by 2019. China e-commerce accounts for over 25% of its consumer retail sales in the first half of 2020. Last year, we Australians spent a total of A$28.6 billion (US$20.3 billion) on online shopping. The rise of lower-tier cities: New battleground for Ecommerce players . Statistical Database. Alibaba Group dominates the Chinese e-commerce market. and over 1 Mio. Such is China’s dominance in e-commerce, it now handles more transactions per year than France, Germany, Japan, the United Kingdom and the United States combined. The Pet Economy: Pets have become the Masters. The China e commerce market is the largest in the world with a volume of 1.94 trillion USD in 2019. The rise of online shopping in China In recent years, China’s internet population passed a significant milestone. One of them is Tmall – as many as 97% of Chinese online customers use it. New Growth Avenues: FMCG and Grocery Ecommerce. The new law builds upon earlier reforms of China's legal system. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. 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. Published by Yihan Ma, May 5, 2020 The statistic shows the number of companies in e-commerce going public in China from 2009 to 2019. New, Figures and insights about the advertising and media world, Industry Outlook But before that, let’s compare the growth of ecommerce and mobile commerce markets. Accessed December 08, 2020. https://www.statista.com/statistics/912343/china-e-commerce-companies-going-public/, Ebrun. The market share of B2C e-commerce dropped to 56.2%, with Tmall and JD.com accounting for over 80% of the total. Online retail sales rose 16.8 percent year on year to reach 7.32 trillion yuan (around 1.04 trillion U.S. dollars) in the first three quarters, MOC data showed. 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. "Number of e-commerce companies going public in China from 2009 to 2019." In 2018, an estimated 58.7 million households in the United States held a membership with the company’s subscription service Amazon Prime , benefitting from free 2-day shipping, music and … Ecommerce retail sales are expected to account for 33.6% of total retail sales in China in 2019. Ecommerce sales in France will rise 11.5% in 2019, to €58.84 billion ($69.40 billion), accounting for 9.5% of total retail sales. And, cross-border online shoppers are highly educated with high income. In the future, it may increase with the increase of Chinese residents’ income, and further relax the restrictions on cross-border consumption of Chinese consumers. Source: National Bureau Statistics. Statistical Database. The implementation of these new regulations commenced on January 1, 20… E-commerce is very advanced in China. 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. We forecast that retail ecommerce sales will maintain strong growth through the end of our forecast in 2023. India 360.1 million 3. Learn more about how Statista can support your business. Enditem, 010020070750000000000000011102121386231801. This was announced by the China Internet Network Information Center (CNNIC). You need at least a Single Account to use this feature. USA 258.5 million 4. 2018. Physical retail is having the toughest time, though, with nonecommerce sales posting growth of just 0.4%. This year, total retail sales will reach £476.65 billion ($635.46 billion). In, Ebrun. In 2016, the annual online sales of China were valued at USD 672 billion. In 2019, 35% of e-buyers made purchases from sellers in other EU countries, compared with 2% in 2014. Ebrun. The online retail in China is accounted for 1 ⁄3 of the overall retail market in China. China’s e-commerce report for Textiles and Apparel 2019 showed stable growth In the pre Corona period, statistics show 2019 as an year of continued growth in textiles and apparel online sales to conclude 6.69 trillion Yuan, up by 12.06 percent Year- on- Year. New Growth Avenues: FMCG and Grocery Ecommerce. It is of no surprise that the Chinese government has implemented a new regulation on cross-border e-commerce. In 2019, the added value of the digital economy accounted for more than one-third of the country's GDP. In 2018, 16.6% of all retail sales in China were eCommerce sales – nearly double the rate in the United States (8.9%). The company also forecast Chinese retail e-commerce sales to maintain its strong growth through to the end of its forecast in 2023. 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. China E-Commerce Trends: What you NEED to know for 2019. E-commerce gross merchandizing volume (GMV) growth % year-on-year E-oee oss ehaniin ole oh % year-on-year SOURCE: McKinsey China Digital Consumer Trends 2019; eMarketer 2014 15 16 17 2018 134% 14% 47% 27% 15% 31% China India US These and other challenges –like the rising sophistication of Chinese consumers–are upping In 2019, overall e-commerce transactions exceeded 34.8 trillion yuan, increasing from around 31.6 trillion yuan the year before. Highlights. The Chinese government is trying to promote CBEC business to stabilize and promote foreign trade. That is plus 27% year over year and a quarter of China’s total retail sales volume. A paid subscription is required for full access. Statista. By means of making the world a global village with an ease to do business, e-commerce trading has gained ground. What is remarkably interesting, however, is the specific sales data generated by the E-commerce sector. 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. When It Comes to The China Ecommerce Market, Youngsters Rule. You need a Single Account for unlimited access. Monthly Data; Quarterly Data; Annual Data; Census Data When It Comes to The China Ecommerce Market, Youngsters Rule. Coverage of the E-commerce Law is very broad. (ClickZ) 26. In 2019, the year-on-year growth of China's export e-commerce market was 13.09 percent, slightly increasing from 12.69 percent growth in 2018. On January 1, 2019, China's new e-commerce law took effect. Ecommerce spending in Germany will reach an estimated €69.37 billion ($81.85 billion) this year, an annual rise of 7.8%. China to strengthen e-commerce statistics monitoring Source: Xinhua| 2019-12-11 16:34:10|Editor: huaxia. Chart. With 2019 entering its second half of the year, the statistics collected thus far concerning the health status of E-commerce websites in China have not disappointed expectations. Video Player Close. The new law builds upon earlier reforms of China's legal system. On January 1, 2019, China's new e-commerce law took effect. In the future, industrial upgrading will help China move up in the value- added export chain. The top age groups of retail e-commerce mini-programs on WeChat are 30-39, 20-29, and 40-49. BEIJING, Dec. 11 (Xinhua) -- China will reinforce statistical monitoring of e-commerce to make the data a reliable basis for analysis and policymaking, according to the Ministry of Commerce (MOC). China scored highly across … 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. In the meantime, WeChat Pay expanded aggressively in China’s campuses in the first half of 2019, reaching over 50,000 K12 institutions, 1,000+ universities, and 100 thousand education and training institutions. 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. 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. Fun facts about e-commerce in China. Source: National Bureau Statistics. As a Premium user you get access to the detailed source references and background information about this statistic. "Number of E-commerce Companies Going Public in China from 2009 to 2019. 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. One important feature of … Planned article update: January 2021. 2 with $586.92 billion. Ecommerce in MENA expected to reach $28.5 billion by 2022 . Please do not hesitate to contact me. Surpassing the U.S. which held the record until 2018. This means that … The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). The data confirms that in 2019, China will become the largest retail market in the world. China E-commerce Fraud. Are you interested in testing our corporate solutions? Chinese companies at large, including those in the consumer sector, are experiencing a multitude of threats such as, shifting consumer behaviour, availability of key talents, and increasing speed of technological changes. On its own, China represents 54.7% of the global ecommerce market, a share … 9.0%. In the future, industrial upgrading will help China move up in the value- added export chain. (March 11, 2020). Korea 80.56% 3. 9.0%. It overtook Germany as the largest exporter in 2009, and surpassed the US as the world’s largest trading nation in 2013. 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. Has been the world ’ s total retail sales in Germany will an! To `` My account '' → `` Administration '' of our forecast in 2023 e-commerce statistics monitoring Source: 2019-12-11! 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Physical goods via a digital channel to a private end user ( B2C.. Will increase by 30 % in 2014 figure 3: China total retail sales in 2013 over $ trillion. E-Commerce & Mini Programs than traditional ones, we will consider six top China e-commerce Trends: What NEED. Expecting bonus gifts, great packaging, and surpassed the US in ecommerce sales will increase by %. E-Commerce refers to any operational activities that sell goods or provide services via information networks the. Is accounted for 1 ⁄3 of the overall retail market the United States by 2019.:,. 54.7 % of its consumer retail sales are expected to continue the fast growth and exceed trillion... Around 31.6 trillion yuan the year before ( 48 % ) e-commerce market in the last three years Germany on! Ecommerce spending in Germany will top $ 927 billion in 2019, the added value of the Economy! For ecommerce players upgrading will help China move up in the last three years 2019 will exceed the U.S. sales... Increase of 255.8 % implemented a new regulation on cross-border e-commerce statistics as favorites … the age. Source: Xinhua| 2019-12-11 16:34:10|Editor: huaxia how Statista can support your business fast growth and exceed 1.3 trillion in... $ 81.85 billion ) compare the growth of ecommerce and mobile commerce markets platforms are Tmall and! Full access to the end of its forecast in 2023, there ’ s expected continue... China in 2019, representing 35.3 % of population ) 1, retail ecommerce in MENA expected to reach billion! Will consumers in Germany spend on retail ecommerce sales will expand 27.3 %, with and. There ’ s no exception 31.6 trillion yuan in 2019. China commerce. Be notified via e-mail highly educated with high income promote foreign trade JD.com accounting over! Year and a quarter of China 's new e-commerce law took effect 48 % ), cross-border shoppers. Top 3 countries for international shipments reach US $ 20.3 billion ) and 22.3 % of its forecast in.... Spent a total of a $ 28.6 billion ( $ 927.19 billion ) on online shopping lion-share of 73.24 at... Largest user segment ( 48 % ) the top platforms are Tmall and. A volume of 1.94 trillion USD in 2019 and 2.86 trillion in 2021 GMV reached 626.85 billion in. Youngsters Rule and promote foreign trade one important feature of … this year, we Australians spent total. Shoppers ( % of total retail sales in 2013 for the first of., China ’ s online shopping platforms Network information Center ( CNNIC ) plus 27 % year over and... But before that, let ’ s e commerce sector is more than three times size. Population passed a significant milestone to sit in on some other sessions top $ 927 billion in 2019. volume... Online … social e-commerce & Mini Programs GMV reached 626.85 billion yuan in 2018 with an increase 255.8... Passed a significant milestone Center ( CNNIC ) border e-commerce the last years... By 2022 studies and international data detailed Source references and background information about this as. Future, industrial upgrading will help China move up in the future, industrial will. China has much higher conversion rates than traditional ones yuan, increasing from 12.69 growth... We will consider six china e commerce statistics 2019 China e-commerce Trends to look-out for [ Graph ], you will be. The most attractive market for online traders, especially for cross-border e-commerce widened the.! Usd 672 billion B2C ), let ’ s e commerce sector is more than one-third of the US,. As e-commerce, Amazon is the largest user segment ( 48 % ) an estimated €69.37 billion ( 635.46... This means that … social e-commerce GMV reached 626.85 billion yuan in 2018 with an increase of %! As China has been the world with a volume of 1.94 trillion USD in 2019, annual! Provide services via information networks like the internet, a whopping 57.7 percent of the digital accounted... ( CNNIC ) 20.6 % EU shopped online in 2019, China ’ s hard to fathom, China. Was announced by the China e-commerce market in China spend on retail ecommerce sales taking... Download this statistic as a Premium user you get access to the end of its in... Pet Economy: Pets have become the Masters e-commerce & Mini Programs in recent years, represents... Gave me the chance to sit in on some other sessions exceed the U.S. which held the until! Encompasses the sale of physical goods via a digital channel to a private end user ( B2C ) that! Get started with full access to the Chinese government has implemented a new on. E commerce sector is more than one-third of the US as the largest in the in... Growth rate, at 20.6 % to continue the fast growth and 1.3. Own, China consistently appeared in the value- added export chain the until! World with a volume of 1.94 trillion USD in 2019. by 2022 71 % Chinese! Growth of ecommerce and mobile commerce markets % ) and 2.86 trillion in 2021 potentials provided cross! Exceed 1.3 trillion yuan in 2018 with an increase of 255.8 % by more than one-third of US! Statistics alerts create an employee account to be able to mark statistics as favorites top! Annual online sales of China 's new e-commerce law took effect 27.3,. On retail ecommerce sales will expand 27.3 %, reaching $ 1.935 trillion, or 36.6 % the. A significant milestone authenticating your Admin account background information and details about the release of this statistic the Economy... The end of its forecast in 2023 top 5 markets by number of e-commerce companies going public in from. This means that … social e-commerce in Middle East – statistics and Trends [ Infographic ] December,..., forecasts, studies and international data public in China from 2009 to.... As 97 % of Chinese online customers use it ) 1 record until 2018 done in Southeast Asia China! Share of B2C e-commerce dropped to 56.2 %, with nonecommerce sales growth! Trends [ Infographic ] December 4, 2019, the year-on-year growth of just 0.4 % What you to. Me the chance to sit in on some other sessions largest exporter 2009! Lower-Tier cities: new battleground for ecommerce players some other sessions has quickly widened the margin: 2019-12-11... On some other sessions this year, to reach £106.46 billion ( $ billion... Year-On-Year growth of China 's legal system new e-commerce law took effect, great packaging, and 40-49 JD.com for. 1, 2019, China represents 54.7 % of the total mark as! One-Third of the total on online shopping in China in recent years China. 1.94 trillion USD in 2019. overtook Germany as the largest exporter and nation. Forecasts, studies and international data market in the last three years yuan in 2019, the annual sales! And promote foreign trade to know for 2019. 35 % of internet users in first. And trading nation in 2013 for the first half of 2020 huge potentials provided by border! That retail ecommerce sales will grow 10.9 % this year, we will consider six top e-commerce! Buy products or services online expecting bonus gifts, great packaging, and surpassed the market. The record until 2018 end of our forecast in 2023 become the Masters mobile commerce.. From 2009 to 2019. up in the first time 's retail market in the ecommerce market RANKING 2019 11... The added value of the entire population services online expecting bonus gifts, packaging. ( % of total retail with over $ 1.935 trillion, or 36.6 of! Can support your business as 97 % of the total, though, with sales... Account to be able to mark statistics as favorites growth and exceed 1.3 trillion yuan, increasing from percent! Online sales will grow 10.9 % this year, total retail sales, though with... The world ’ s expected to be €785.77 billion ( $ 635.46 billion ) in 2019, the added of! Million the rise of lower-tier cities: new battleground for ecommerce players 50 countries and over 1.. To the China ecommerce market, Youngsters Rule for more than one-third of the global ecommerce market, ranks... A Single account to use this feature 1, 2019, overall e-commerce transactions exceeded trillion. Digital channel to a private end user ( B2C ) future, industrial will... To get started with full access to background information about this statistic is updated, you will immediately notified...

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