New Latin America Ecommerce Report highlights ecommerce growth

Friday 21 September 2018 14:53 CET | News

The Ecommerce Foundation has launched the Latin America Ecommerce Report 2018, highlighting the continent’s position as one of the top regions for ecommerce growth.

Mexico boasts a place as the largest ecommerce market in Latin America, with a USD 21 billion annual spend. Brazil isn’t too far behind, with USD 18.86, but Argentina, Colombia, Chile, and Peru occupy the last places, with USD 6.83, USD 4.93, USD 3.7, and USD 3 billion respectively.

MercadoLibre (MercadoLivre in Brazil) is the dominating company for ecommerce, the platform having 56.3 million unique visitors in May 2018 alone, with Amazon trailing behind at 22.4 million. For Chile, however, the situation is different, with taking the lead above MercadoLibre as the country’s most used ecommerce platform.

MercadoLibre and Amazon are the top online sellers, and the majority of Mexican online shoppers make international purchases, with 70% of them preferring to pay for their products via PayPal.

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Keywords: Ecommerce Foundation, Mexico, Brazil, Argentina, Colombia, Chile, Peru, report, Latin America, MercadoLibre, Amazon, online shopper,, PayPal, ecommerce
Countries: World