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Mercado Libre - Statistics & Facts

The year of 2020 will be remembered worldwide for lockdown measures and generalized mobility restrictions. In Latin America, Mercado Libre will be remembered for seizing that opportunity. This e-commerce giant headquartered in Buenos Aires, Argentina, boosted its operations in the region – one of the most affected by the COVID-19 outbreak. That year, MercadoLibre, Inc. saw its net revenue increase by 73 percent and reach almost four billion U.S. dollars. This is more than its revenues in 2018 and 2019 combined. The company’s total number of unique active users had a similar growth, amounting to 132.5 million in 2020 – practically half of all e-commerce users Latin America estimated for that period.

A little less Brazil, a little more Mexico

As more people in the region started to shop online amidst the pandemic, especially in Mexico, Mercado Libre’s dynamics within the 18 markets it operates in changed accordingly. Brazil still makes up most of the holding’s revenue, although its participation has decreased in comparison to 2019. Meanwhile, Mexico and home country Argentina started to account for higher shares of Mercado Libre’s revenue. But it is in Mexico that competition tends to be tighter. This is partially due to the long border with the United States and the proximity to the headquarters of one of Mercado Libre’s main rivals, Amazon.

Logistics – the next challenge in the region

The pandemic brought new challenges for people and businesses, but an older issue persists. Latin America still lacks improvements in logistics and transportation to speed up the delivery of goods within and beyond its borders. Therefore, e-commerce companies are trying to literally occupy the region. In September 2020, Amazon disclosed its fifth distribution center in Brazil. That same month, the Chilean press reported that the holding intended to install a warehouse in Santiago – consumers in Chile still access the U.S.-based website to buy on Amazon. Stepping up to the competition, Mercado Libre announced a new technology center in Medellín, Colombia, in March 2021. In addition, the company's planned investments in Brazil stood at 10 billion Brazilian reals throughout the year, the same amount it invested in the Portuguese-speaking country during the four previous years altogether. If the coronavirus accelerated online shopping in Latin America, Mercado Libre seems ready to strengthen its operations.

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Interesting statistics

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Mercado Libre

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Mercado Libre - Statistics & Facts

The year of 2020 will be remembered worldwide for lockdown measures and generalized mobility restrictions. In Latin America, Mercado Libre will be remembered for seizing that opportunity. This e-commerce giant headquartered in Buenos Aires, Argentina, boosted its operations in the region – one of the most affected by the COVID-19 outbreak. That year, MercadoLibre, Inc. saw its net revenue increase by 73 percent and reach almost four billion U.S. dollars. This is more than its revenues in 2018 and 2019 combined. The company’s total number of unique active users had a similar growth, amounting to 132.5 million in 2020 – practically half of all e-commerce users Latin America estimated for that period.

A little less Brazil, a little more Mexico

As more people in the region started to shop online amidst the pandemic, especially in Mexico, Mercado Libre’s dynamics within the 18 markets it operates in changed accordingly. Brazil still makes up most of the holding’s revenue, although its participation has decreased in comparison to 2019. Meanwhile, Mexico and home country Argentina started to account for higher shares of Mercado Libre’s revenue. But it is in Mexico that competition tends to be tighter. This is partially due to the long border with the United States and the proximity to the headquarters of one of Mercado Libre’s main rivals, Amazon.

Logistics – the next challenge in the region

The pandemic brought new challenges for people and businesses, but an older issue persists. Latin America still lacks improvements in logistics and transportation to speed up the delivery of goods within and beyond its borders. Therefore, e-commerce companies are trying to literally occupy the region. In September 2020, Amazon disclosed its fifth distribution center in Brazil. That same month, the Chilean press reported that the holding intended to install a warehouse in Santiago – consumers in Chile still access the U.S.-based website to buy on Amazon. Stepping up to the competition, Mercado Libre announced a new technology center in Medellín, Colombia, in March 2021. In addition, the company's planned investments in Brazil stood at 10 billion Brazilian reals throughout the year, the same amount it invested in the Portuguese-speaking country during the four previous years altogether. If the coronavirus accelerated online shopping in Latin America, Mercado Libre seems ready to strengthen its operations.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Mercado Libre".

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