Retail eCommerce sales near USD $ 50 Billion in Latin America
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Retail eCommerce sales in Latin America are growing at a rapid pace, according to eMarketer estimates. Based on the latest figures for total and digital retail around the world, eCommerce sales in the region will reach nearly USD$50 billion this year, an increase of 23.9%.
Nearly USD $20 billion in sales will come from Brazil alone, where eCommerce also makes up a greater share of the total retail market than elsewhere in the region (a still tiny 2.8%). Mexico is in a distant second, with USD $5.70 billion in retail eCommerce sales this year, or 1.5% of all retail sales in the country.
Growth is fastest in Argentina, where eCommerce sales will be up 40.0% this year to nearly USD $5 billion.
By the end of the forecast period, retail eCommerce in Latin America will reach USD $84.75 billion, or 3.2% of retail sales in the region. Growth will still be in the double digits in 2019
Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.
www.gatewaytosouthamerica.com
About Gateway to South America
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