. home.aspx



Global e-commerce sales surged to $29 trillion: UNCTAD

March 30, 2019 / RAJIV BHUVA,

Global e-commerce sales grew an annual 13% in 2017 touching an estimated $29 trillion, according to the latest numbers released by the Geneva-headquartered United Nations Conference on Trade and Development (UNCTAD).The global trade body also highlighted that a similar surge was seen in the number of online shoppers, which jumped by 12% to 1.3 billion people, or one quarter of the world’s population.Though most Internet buyers purchased goods and services from domestic vendors, the share of those buying from abroad rose from 15% in 2015 to 21% in 2017. The growth was driven mainly by an increase in sales in the United States. Meanwhile, cross-border business-to-consumer (B2C) sales reached an estimated $412 billion, accounting for almost 11% of total B2C e-commerce ­ a 4% rise over the previous year’s numbers.