unctad global e-commerce

The digital economy - the application of internet-based digital technologies to the production and trade of goods and services - is becoming an ever more important part of the global economy. April 27, 2020 - E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released today by the UN's trade and development body,. According to UNCTAD estimates, in India over 91% of e-commerce sales, $369 billion, are in the B2B (business to business) category. The interest in buying from foreign suppliers continued to expand. At the same time, e-commerce's share in global retail increased from 14% to 17% from 2019 to 2020. For e-commerce to succeed and spur development gains it must be trusted by both buyers and sellers of online goods and services. Serena Williams Investment Shows That Nigerias Tech Sector Is Attractive But Things Can Be Better, Digital Solutions Boosting Agric in Kenya, But its Time to Scale up. In a world where almost 3 billion people remain offline, 96% of whom live in developing countries, data and cross-border data flows are playing an increasingly crucial role in economic and social development. Digital solutions are increasingly needed to continue some of the economic and social activities remotely. The latest Tweets from UNCTAD E-commerce and Digital Economy (@ECDEatUNCTAD). Ghanas Petroleum Sector Management is a Mess: Whats Gone Wrong? Business-to-business sales dominate e-commerce. Online retail sales get all the attention, whereas the real digital revolution is actually happening with B2B e-commerce sales. Due to the changes to the methodology as well as country revisions to their 2017 data, the latest e-commerce estimates are not directly comparable to those published by UNCTAD in previous years. major e-commerce markets: 2015 new unctadestimates total b2b b2c economy $ billion % of gdp $ billion % of all e-commerce $ billion 1 united states 7,055 39% 6,443 91% 612 2 japan 2,495 60% 2,382 96% 114 3 china 1,991 18% 1,374 69% 617 4 korea (rep.) 1,161 84% 1,113 96% 48 5 germany (2014) 1,037 27% 944 91% 93 6 united kingdom 845 30% 645 76% 200 This includes business-to-business (B2B) and business-to-consumer (B2C) sales, and is equivalent to 30% of global gross domestic product (GDP) that year. B2C e-commerce sales were estimated at $4.9 trillion in 2019, up 11% over 2018. . Source: UNCTAD, based on national sources. . Global B2B and B2C global revenues, 2012-13 11 . As head of partnerships and advocacy, I am in charge of the creation and coordination of programs and partnerships that are in line with the United Nations Conference on Trade and Development . They also point to the need for countries, especially developing ones, to have such information as they rebuild their economies in the wake of the COVID-19 pandemic," said Shamika Sirimanne, UNCTAD's director of technology and logistics. B2C e-commerce was valued at $4.4 trillion, up by 16% from 2017. 1 0 obj Data and cross-border data flows, and . stream Global platforms play a major part, but individual businesses can be successful too. UNCTAD: Global E-commerce Sales Hit $25.6 Trillion . It [] de la Paix, 1211 Geneva 10, Switzerland, Welcome to the United Nations Conference on Trade and Development, UNCTAD Estimates of Global E-Commerce 2018. While the bulk of online shoppers mainly bought from domestic suppliers, some 330 million online shoppers made cross-border purchases in 2018 a little more than one in five of all online shoppers. Among the top 20 economies, the extent to which Internet users engage in online purchases varies considerably. ?Lb6%>n\bGsbK3)cg\|,}5%) 3qs"81CU\nv]D{!h|vVtR>a|GPfM]Vug-(x(~yHT['^uQn/[]F\:gD|Oa**Z%O+e+V`6q~DhZ`!p The online event will explore digital solutions and policies to help the world recover from the coronavirus crisis. We work on #ecommerce #DigitalEconomy #eTradeForAll #eTradeForWomen #UNCTADeweek #ICT4D. Source UNCTAD, based on national statistics offices. Top countries in e-commerce sales The United States of America ($8,640bn), Japan ($3,280bn), China ($2,304bn), Korea (Rep) ($1,364bn), and United Kingdom ($918bn) occupied the first top five positions respectively in e-commerce sales . Report fraud. The leading B2C e-commerce companies are based mostly in China and the United States. Among the top 20 economies, the extent to which Internet users engage in online purchases varies considerably. It runs from 27 April to 1 May and features dialogues among ministers, heads of international organizations, business executives and civil society representatives. The top three countries by B2C e-commerce sales remained China, the United States and the United Kingdom. Alibaba (China) was far ahead with a GMV of $866 billion in 2018, followed by Amazon (United States) with $277 billion. Also, countries that publish data on the value of e-commerce sometimes do not follow international guidelines and often revise their statistics. On top, we find the Netherlands, Switzerland and Singapore. While business-to-business ecommerce continued to dominate - accounting for 88% of all online sales - B2C was the segment that saw the most growth, increasing 22% to reach $3.9 trillion in 2017. Nonetheless there are some bright spots. significant inroads into e-commerce, the majority of developing countries are still trailing behind. x}x\uXMHV$JJ{$[;7J%Rr,C$H*IQ, L>fy`f0x.fs=IHc-:loc`9^$Ir0gPE6w6]y}[. The UNCTAD report also notes that the share of online shoppers making cross-border purchases rose from 20% in 2017 to 25% in 2019. It has eight countries ranking in the top ten of a global index that was published last December. Web: unctad.org/press, For use of information media - Not an official record, Global E-Commerce Jumps to $26.7 Trillion, Covid-19 Boosts Online Retail Sales. The United Nations Conference on Trade and Development (UNCTAD) is a UN body dedicated to supporting developing countries in accessing the benefits of a globalised economy more fairly and effectively. The leading B2C e-commerce companies are based mostly in China and the United States. endobj This corresponded to about 30% of GDP and represented an increase of 4% from 2018 ($25.6 trillion). E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released today by the UN's trade and development body, UNCTAD, at the start of its UNCTAD eWeek event. China had the largest number of online shoppers at 610 million, according to the report. The Covid-19 pandemic upended all these topics which resulted in a reorientation of UNCTAD's work toward the monitoring of the effects of the global pandemic on manufacturing, trade, including. Figures in italics are estimates. UNCTAD said the 2017 value of global e-commerce was estimated at $23.8 trillion, based on a revised methodology. E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released today by the UNs trade and development body, UNCTAD, at the start of its UNCTAD eWeek event. In 2021 the E-commerce and Digital Economy Programme continued to deliver on the mandate to assist developing countries to enhance their readiness to engage and integrate into the digital economy. The Federal Trade Commission, along with 18 states, recently sued Harris Jewelry to stop the national jeweler from using illegal financing and sales practices to cheat military families. This limits the ability of many developing countries to use digital solutions to cope with the current health and economic crisis. Investment in the digital economy is one of the topics being discussed on day two of UNCTAD's E-commerce week, which runs from 24-28 April 2017. x]o6 ?Ki~I$Xb'A The U-Freight Group (UFL), with its considerable involvement in e-commerce logistics, says that the latest statistics showing that global e-commerce sales hit USD25.6 trillion in 2018 are a further vindication of its decision to enter this sector of the international freight market several years ago. UNCTAD's estimates of the global digital economy as a whole range from 5% to 15% of global GDP. The eTrade for all initiative was launched in 2016 with 14 partners to make e-commerce and the digital economy more inclusive. The catalogue is aimed at informing governments, the private sector and other stakeholders who make up national innovation systems about possible product areas where technology can be used to diversify economies for structural . Despite e-commerce firms' sizeable fortunes, an index released by the World Benchmarking Alliance in December last year rated them poorly on digital inclusion. Global ecommerce sales grew 13% in 2017, hitting an estimated $29 trillion, according to latest UNCTAD data. Cross-border B2C e-commerce amounted to some $440 billion in 2019, an increase of 9% over 2018. 5 0 obj In relation to GDP, B2C e-commerce in these economies was the largest in Hong Kong (China), China and the United Kingdom, and smallest in India, Brazil and Russia. The pandemic has, however, resulted in mixed fortunes for some e commerce companies, reversing the fortunes of firms offering services such as ride-hailing and travel. E-Commerce and the Digital Economy UNCTAD Manual revised in 2020 Basis for capacity building: o Training course (face-to-face, online) o Advisory services o Technical assistance in survey planning and implementation Methodological reference: o For national statistical offices and other producers of official statistics o Core indicators, statistical classifications and definitions, model . UNCTAD'S Post UNCTAD 136,209 followers 1d Report this post By renewing the #BlackSeaGrainInitiative, ending trade restrictions, facilitating exports and managing demand, we can get food . However, in terms of revenue, JD.com (China) and Amazon were ahead of Alibaba. %PDF-1.7 To take account of recent developments, UNCTAD has adapted its methodology for estimating global e-commerce. The coronavirus crisis has accelerated the uptake of digital solutions, tools and services, but the overall impact on the value of e-commerce in 2020 is still hard to predict, said Shamika Sirimanne, UNCTADs director of technology and logistics. Mantngase informado con las ltimas noticias de Colombia y el mundo a hoy: Noticias de deportes, internacionales, poltica y noticias de economa en Colombia y el mundo. T: +41 22 917 5828/5549/8033 Q~*C\''x~z7./ve3&!tL1/&l& bsC7$7X|O37a6c{d&,7wh6z e|FRn60+_Zl$GCO$/|JOs*4Td']d(%D^!7Usjf?F" vi,*Qd3lD%mP[2PBv5mR;~l>"UC,!yvKY2 GMV = Gross Merchandize Value (as well as Booking Value). Figure 1. The online event will explore digital solutions and policies to help the world recover from the coronavirus crisis. 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