Ecommerce in Belgium worth EUR 8.2 billion

Tuesday 10 March 2020 09:32 CET | News

Online stores in Belgium have generated a total turnover of EUR 8.2 billion in 2019, according to EcommerceNews Europe.

This is an increase of 17% compared to the situation of 2018. A quarter of the EUR 8.2 billion generated by Belgian online stores came from foreign shoppers. The top five of cross-border purchases at Belgian stores consists of France, the Netherlands, the UK, Germany and the US. 

The latest E-commerce Barometer study, based on transaction data provided by PSPs, shows that the number of online sellers has increased by 20% to 29,231 in 2018. Even if the number of online shops is increasing, it’s still a relatively small part of sellers who account for the largest part of the Belgian ecommerce sales.  

The study shows that less than thousand online stores generate 87% of the total ecommerce revenue. By dividing online stores in segments based on revenue, it will be shown that small online stores grew 33% in 2018, while micro online stores grew almost 49%. 

The most preferred payment method in Belgium in 2019 was Bancontact, followed by credit cards.

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Keywords: Belgium, ecommerce, payments , cred card, online payment, PSPs, online store
Categories: Payments & Commerce
Countries: Belgium
This article is part of category

Payments & Commerce