E-commerce market value in Russia 2010-2019

The Russian e-commerce is one of the major emerging online commerce markets worldwide. A steadily expanding market since 2010, experienced a particularly accelerated growth during the last years. Namely, the value of the e-commerce market in the country more than doubled from 2017 to 2019, reaching 2.18 trillion Russian in the last observed period.     

Russian e-commerce market consolidation

The principal underlying drivers of e-commerce development in the region were high internet penetration rates along with the strong customersocial media presence, which gradually led to a high online shopping disposition in the society. Consequently, the e-commerce penetration rate across Russia is projected to mark 60 percent by 2023.

Global outlook

From a global standpoint, e-commerce turnover amounted to over 3.5 trillion U.S. dollars worldwide in 2019. China was one of the frontrunners, accounting for roughly 870 billion U.S. dollars in online retail revenues in 2018. The United States’ e-commerce market value measured at 517 U.S. dollars over the same period.

E-commerce market value in Russia from 2010 to 2019*

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Sources

Release date

June 2019

Region

Russia

Survey time period

2010 to 2019

Supplementary notes

* Forecast.
The figures included domestic and cross-border e-commerce.

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Statistics on "Online shopping in Russia "

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