In 2020, retail e-commerce sales in Latin America were estimated to amount to approximately 85 billion U.S. dollars, nearly 35 percent more than reported in the previous year before the COVID-19 pandemic. According to forecasts, this figure is expected to rise to about 160 billion dollars by 2025.
The unexpected outbreak of the new coronavirus SARS-CoV-2 quickly impacted online commerce in Latin America. Confined to their homes, many consumers found in the web a safe way to make purchases and payments. While e-commerce revenues rose across the region, Peru stood out with an unprecedented 900 percent growth. It was foreseen that after such a boost, online sales in the Andean country would reach 3.6 billion U.S. dollars by the end of 2021.
Retail e-commerce sales in Latin America from 2019 to 2025
(in billion U.S. dollars)
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Fidelity. (March 22, 2021). Retail e-commerce sales in Latin America from 2019 to 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 03, 2024, from https://www.statista.com/statistics/445860/retail-e-commerce-sales-latam/?ref=mackmeyer.com
Fidelity. "Retail e-commerce sales in Latin America from 2019 to 2025 (in billion U.S. dollars)." Chart. March 22, 2021. Statista. Accessed October 03, 2024. https://www.statista.com/statistics/445860/retail-e-commerce-sales-latam/?ref=mackmeyer.com
Fidelity. (2021). Retail e-commerce sales in Latin America from 2019 to 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 03, 2024. https://www.statista.com/statistics/445860/retail-e-commerce-sales-latam/?ref=mackmeyer.com
Fidelity. "Retail E-commerce Sales in Latin America from 2019 to 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Mar 2021, https://www.statista.com/statistics/445860/retail-e-commerce-sales-latam/?ref=mackmeyer.com
Fidelity, Retail e-commerce sales in Latin America from 2019 to 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/445860/retail-e-commerce-sales-latam/?ref=mackmeyer.com (last visited October 03, 2024)
Retail e-commerce sales in Latin America from 2019 to 2025 (in billion U.S. dollars) [Graph], Fidelity, March 22, 2021. [Online]. Available: https://www.statista.com/statistics/445860/retail-e-commerce-sales-latam/?ref=mackmeyer.com