Since 2020, the retail value of e-commerce in the United Arab Emirates has continued to increase by at least 500 million U.S. dollars each year. The biggest increase was recorded in 2023 when it jumped by 577 million USD over the previous year.
Retail e-commerce has been a growing industry in the UAE, with many brands and retailers now bolstering their online presence. The market share of major online retailers in the country hosts a variety of local brands such as Noon, and international giants like Amazon. In March 2017, Amazon acquired one of the largest Middle Eastern e-commerce platform Souq.com, and rebranded it under its brand name. The Souq.com deal gives Amazon a growing and competitive space in the UAE retail e-commerce.
Retail value of e-commerce in the United Arab Emirates from 2020 to 2023
(in million U.S. dollars)
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USDA Foreign Agricultural Service. (February 13, 2024). Retail value of e-commerce in the United Arab Emirates from 2020 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 07, 2024, from https://www.statista.com/statistics/1453377/uae-retail-value-of-retail-e-commerce-2022/
USDA Foreign Agricultural Service. "Retail value of e-commerce in the United Arab Emirates from 2020 to 2023 (in million U.S. dollars)." Chart. February 13, 2024. Statista. Accessed November 07, 2024. https://www.statista.com/statistics/1453377/uae-retail-value-of-retail-e-commerce-2022/
USDA Foreign Agricultural Service. (2024). Retail value of e-commerce in the United Arab Emirates from 2020 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 07, 2024. https://www.statista.com/statistics/1453377/uae-retail-value-of-retail-e-commerce-2022/
USDA Foreign Agricultural Service. "Retail Value of E-commerce in The United Arab Emirates from 2020 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1453377/uae-retail-value-of-retail-e-commerce-2022/
USDA Foreign Agricultural Service, Retail value of e-commerce in the United Arab Emirates from 2020 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1453377/uae-retail-value-of-retail-e-commerce-2022/ (last visited November 07, 2024)
Retail value of e-commerce in the United Arab Emirates from 2020 to 2023 (in million U.S. dollars) [Graph], USDA Foreign Agricultural Service, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1453377/uae-retail-value-of-retail-e-commerce-2022/