MercadoLibre, Inc. has become less reliant on the Brazilian market in terms of revenue. In 2021, Mercado Libre generated more than 55 percent of its net revenue in Brazil, down from 63.6 percent two years earlier. Concurrently, other markets have grown in importance for the Buenos Aires-based e-commerce company over the past few years. That is notably the case of Mexico, which accounted for 16.6 percent of Mercado Libre's net revenue in 2021, up from 12 percent in 2019.
Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2021, by country
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MercadoLibre. (February 23, 2022). Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2021, by country [Graph]. In Statista. Retrieved July 06, 2022, from https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/
MercadoLibre. "Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2021, by country." Chart. February 23, 2022. Statista. Accessed July 06, 2022. https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/
MercadoLibre. (2022). Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2021, by country. Statista. Statista Inc.. Accessed: July 06, 2022. https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/
MercadoLibre. "Distribution of Net Revenues Generated by Mercadolibre, Inc. from 2019 to 2021, by Country." Statista, Statista Inc., 23 Feb 2022, https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/
MercadoLibre, Distribution of net revenues generated by MercadoLibre, Inc. from 2019 to 2021, by country Statista, https://www.statista.com/statistics/730392/mercadolibre-revenue-region-share/ (last visited July 06, 2022)