Monday May 16, 2022

What people are reading now:

Projected Growth for Latin America’s eCommerce Sector

Author: Casey *
Nov 03, 2019
3 min read
Nov 03, 2019
3 min read
Projected Growth for Latin America’s eCommerce Sector

eCommerce is on the rise in Latin America.

Double-digit growth

is expected for 2019 with sales of $71.34 billion (USD), tying it with the Middle East and Africa as the world’s second-fastest-growing retail eCommerce market. According to Worldpay’s

Global Payments Report

, Latin America is leading the world in terms of eCommerce growth. Over the next five years, the eCommerce market in Latin America is expected to grow 19 percent, as opposed to the global average of 11 percent.

The leading factor for the boom in eCommerce in this region is mCommerce – in 2018,

27.5 percent

of all purchases made online were completed on mobile devices. In Brazil alone, mCommerce revenue is expected to

double from 2017’s 5 billion to 10 billion in 2021


This is due in part to the fact that this region has a younger consumer base –

the average age in Latin America is 30, as opposed to the United States’ 37.9 and Europe’s 32.6

. Younger consumers are more receptive to new technologies and have embraced eCommerce as a whole, which has driven the general growth we have seen in this market.

Another huge factor for e- and mCommerce growth is the rate of internet penetration in Latin America. Two out of every three Latin Americans have an internet connection, representing 10.4 percent of users all over the world. Not only that, but the three countries with the highest rates of internet penetration are

Chile (71 percent), Argentina (68 percent), and Colombia (66 percent)


This makes Latin American eCommerce a great market to enter – especially for freight forwarders and shipping companies.

While the

transportation infrastructure leaves something to be desired

, there is still a need to fulfill the orders of the roughly

155.5 million people

that are expected to purchase goods online. Progress has been made to resolve this issue, and being a part of those improvements could mean exponential growth and success.

At Exports News, we are always staying up-to-date on interesting news stories like this. For the latest information on import/export, subscribe to our newsletter today.

*This article was contributed by an Exports News user. All opinions stated are the views of the user and not Exports News. Further, Exports News is not responsible for the accuracy of the content of this article and the author takes full responsibility for the statements made and images used in this article. Please see our Terms & Conditions for further information.

No Comments

There aren't any comments yet. Be the first to comment!

Export Portal
The number one import and export source
Export Portal
Subcribe modal

Stay up to date

Keep up with the latest Import and Export news from all over the globe.

This website uses cookies. By using this website, you consent to our use of these cookies
Your subscription has been confirmed
Thank you!

Browser not supported

We do not support the Internet Explorer browser. For a better experience, please use a different browser.