
Latin America: domestic & cross-border e-commerce spending changes 2019-2023
Latin America's online spending is expected to be domestic.
Cross-border e-commerce in Latin America increased by around 30 percent in 2019, but it is set to decrease by nine percent in 2020. However, domestic online spending in the region is anticipated to grow each year within the given time span, including a forecast increase of 16 percent in 2021 and 2022. By 2023, over 255 billion U.S. dollars of