Global Ecommerce Sales Growth
With the number of people shopping online increasing year after year, it should come as no surprise that global ecommerce sales have also been rising.
Here’s a look at how annual ecommerce sales worldwide have risen in the past few years and are forecast to grow.
Key numbers on global ecommerce sales
- Global ecommerce sales are forecast to grow from $5.13 trillion in 2022 to $8.09 trillion by 2028.
- In 2024, total revenue from online transactions are set to surpass $6 trillion, after an 8.4% increase from the previous year.
- China and the United States are the largest contributors to global ecommerce, with sales from these two countries totaling more than $2.32 trillion in 2023.
- The COVID-19 pandemic accelerated the shift toward ecommerce by as many as five years, while the growing adoption of mobile technology has also boosted online shopping, with mobile commerce projected to reach $2.07 trillion in 2024.
