Global e-commerce sales grew 13% in 2017, hitting an estimated $29 trillion, according to the latest numbers released today by UNCTAD. The growth was driven mainly by an increase in the United States. As a result, cross-border business-to-consumer (B2C) sales reached an estimated $412 billion, accounting for almost 11% of total B2C e-commerce ¬¬– a 4% hike on the previous year’s numbers. Little change occurred in the list of the top ten e-commerce markets, with the United States holding on to its top position. At almost $9 trillion, online sales there were three times higher than in Japan and more than four times higher than in China.

Source: News Business Ethiopia March 29, 2019 14:48 UTC