Global e-commerce transactions in 2021 reached Rp 60.467 trillion.

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12/12/2017 07:14 WIB

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Global E-commerce Transactions (2014-2021E)

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Global E-commerce Transactions (2014-2021E)

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Global retail e-commerce sales have shown significant growth. This is reflected in the estimated increase of e-commerce transaction value by more than 230 percent in 2021, reaching US$ 4.48 trillion (equivalent to Rp 60.467 trillion), compared to US$ 1.8 trillion in 2014.

Online shopping is currently a popular activity worldwide, especially among young people. Besides being a novel and attractive experience, the prices of goods purchased are also cheaper than conventional methods. Furthermore, online shopping transcends geographical boundaries and can be done from anywhere.

Online purchases are still dominated by personal computers or laptops. However, with the increasing penetration of smartphones worldwide, smartphones are poised to dominate global e-commerce transactions. Meanwhile, Indonesia's e-commerce market share in 2015 was US$ 1.6 billion, only reaching 1.2 percent of the total domestic retail sales of US$ 145.83 billion.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Global e-commerce transactions in 2021 reached Rp 60.467 trillion.

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