These countries dominate in online trade. China is devouring the global market

Luc Williams

Global e-commerce market leaders

According to data, Statista Market Insights shows that Online sales revenues in the Middle Kingdom amounted to $ 1.47 trillion.while in the case of the United States 1.22 trillion dol. The podium closes Japan. The scale of the domination of the aforementioned two is evidenced by the fact that the same value for the country of cherry blossoms is only $ 169 billion.

In the top ten of the largest e-commerce markets are the United Kingdom ($ 130 billion), Germany ($ 98 billion), South Korea ($ 80 billion), France ($ 66 billion), Canada ($ 66 billion ), Italy ($ 64 billion) and India ($ 59 billion).

It can be seen that developed economies and two Asian countries with a huge population are leading, in vain to be found in the list of countries from Africa or Latin America.

Expansion and Shein

China already has a huge internal market, but They strive for aggressive foreign expansion. A good example is the one that is part of the PDD Holding.

The sale of the platform is to be recorded in 2024 by record $ 54 billion. Shein, which specializes in the sale of clothing, is another company that has achieved great success abroad. The statisty estimates show that her revenues in 2024 achieved almost the same level as that. In previous years of foreign expansion, Alibaba with her Aliexpress also tried to make foreign expansion.

E-commerce market in Poland

According to the report prepared by Strategy & the value of the Polish e-commerce market at the end of 2023 it amounted to about PLN 124 billion. Forecasts indicate that by 2027 this value can reach PLN 187 billion, which means an average annual increase of 12%. The main categories that drive this growth are fashion, electronics as well as health and beauty.

Allegro is the leader of the Polish e-commerce market. It is worth comparing his revenues to the biggest global players. In the first three quarters of 2024, they amounted to approximately PLN 7.82 billion (i.e. around $ 1.93 billion at today’s exchange rate).

About LUC WILLIAMS

Luc's expertise lies in assisting students from a myriad of disciplines to refine and enhance their thesis work with clarity and impact. His methodical approach and the knack for simplifying complex information make him an invaluable ally for any thesis writer.