Covid: mixed fortunes for e-commerce firms as sales top $26.7 trillion – KBC | Kenya's Watching

   2021-05-03 10:05

PHOTO | UNCTAD



Global e-commerce sales increased 4% in 2019 to $26.7 trillion compared to $25.6 trillion recorded a year earlier according to estimates by the United Nations Conference on Trade and Development (UNCTAD).

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In its preliminary assessment, UNCTAD says online retail sales’ share of total retail sales also increased from 16% to 19% in 2020 on account of movement restrictions which were triggered by COVID-19.

“These statistics show the growing importance of online activities. They also point to the need for countries, especially developing ones, to have such information as they rebuild their economies in the wake of the COVID-19 pandemic,” said Shamika Sirimanne, UNCTAD’s director of technology and logistics.

Of the total online sales registered in 2019, firms in 10 countries which include USA, China, Japan, South Korea, France, United Kingdom, Germany, France, Spain and Australia accounted for $20.2 trillion of the sales.

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According to UNCTAD, of the 13 the top global e-commerce firms in the world, 7 firms were from USA, followed by China with four, Japan 1 and Canada 1.

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